1 June 2023 false No description of principal activity Taxfiler 2024.7 04781357business:PrivateLimitedCompanyLtd2023-06-012024-05-31 047813572023-05-31 047813572023-06-012024-05-31 04781357business:AuditExemptWithAccountantsReport2023-06-012024-05-31 04781357business:FilletedAccounts2023-06-012024-05-31 047813572024-05-31 04781357business:Director12023-06-012024-05-31 04781357business:Director22023-06-012024-05-31 04781357business:CompanySecretary12023-06-012024-05-31 04781357business:RegisteredOffice2023-06-012024-05-31 047813572023-05-31 04781357core:WithinOneYear2024-05-31 04781357core:WithinOneYear2023-05-31 04781357core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 04781357core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 04781357core:SharePremiumcore:PreviouslyStatedAmount2024-05-31 04781357core:SharePremiumcore:PreviouslyStatedAmount2023-05-31 04781357core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 04781357core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 04781357core:PreviouslyStatedAmount2024-05-31 04781357core:PreviouslyStatedAmount2023-05-31 04781357business:SmallEntities2023-06-012024-05-31 04781357countries:EnglandWales2023-06-012024-05-31 04781357core:PlantMachinery2023-06-012024-05-31 04781357core:PlantMachinery2023-05-31 04781357core:PlantMachinery2024-05-31 047813572022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 04781357 (England and Wales)
Grace Productions Limited Unaudited accounts for the year ended 31 May 2024
Grace Productions Limited Unaudited accounts Contents
Page
- 2 -
Grace Productions Limited Company Information for the year ended 31 May 2024
Directors
Mrs Angela Tostevin Mr Ray Tostevin
Secretary
Mrs Angela Tostevin
Company Number
04781357 (England and Wales)
Registered Office
3rd Floor Vyman House 104 College Road Harrow Middlesex HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
- 3 -
Grace Productions Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,303 
4,404 
Current assets
Debtors
59 
- 
Cash at bank and in hand
198 
309 
257 
309 
Creditors: amounts falling due within one year
(167,834)
(164,572)
Net current liabilities
(167,577)
(164,263)
Net liabilities
(164,274)
(159,859)
Capital and reserves
Called up share capital
200 
200 
Share premium
490 
490 
Profit and loss account
(164,964)
(160,549)
Shareholders' funds
(164,274)
(159,859)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by
Mr Ray Tostevin Director Company Registration No. 04781357
- 4 -
Grace Productions Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Grace Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 04781357. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% as per reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
56,409 
At 31 May 2024
56,409 
Depreciation
At 1 June 2023
52,005 
Charge for the year
1,101 
At 31 May 2024
53,106 
Net book value
At 31 May 2024
3,303 
At 31 May 2023
4,404 
- 5 -
Grace Productions Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
59 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
314 
Loans from directors
166,234 
162,658 
Accruals
1,600 
1,600 
167,834 
164,572 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -