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Company Registration No. 13217384 (England and Wales)
England’s Grace Ltd Unaudited accounts for the year ended 29 February 2024
England’s Grace Ltd Unaudited accounts Contents
Page
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England’s Grace Ltd Company Information for the year ended 29 February 2024
Director
Jeffrey Young
Company Number
13217384 (England and Wales)
Registered Office
Allegra 106 Arlington Road London NW1 7HP England
Accountants
Gains Accountants Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane London E20 3BS
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England’s Grace Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
656,191 
210,957 
Current assets
Inventories
19,270 
- 
Debtors
117,681 
97,205 
Cash at bank and in hand
38,142 
59,014 
175,093 
156,219 
Creditors: amounts falling due within one year
(307,456)
(52,141)
Net current (liabilities)/assets
(132,363)
104,078 
Total assets less current liabilities
523,828 
315,035 
Creditors: amounts falling due after more than one year
(1,369,646)
(383,676)
Net liabilities
(845,818)
(68,641)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(845,918)
(68,741)
Shareholders' funds
(845,818)
(68,641)
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 14 February 2025 and were signed on its behalf by
Jeffrey Young Director Company Registration No. 13217384
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England’s Grace Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
England’s Grace Ltd is a private company, limited by shares, registered in England and Wales, registration number 13217384. The registered office is Allegra, 106 Arlington Road, London, NW1 7HP, England.
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:
Land & buildings
Over 10 to 15 years straight line
Plant & machinery
25% straight line
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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England’s Grace Ltd Notes to the Accounts for the year ended 29 February 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
46,268 
9,856 
159,959 
- 
216,083 
Additions
268,448 
223,964 
41,303 
5,187 
538,902 
At 29 February 2024
314,716 
233,820 
201,262 
5,187 
754,985 
Depreciation
At 1 March 2023
593 
398 
4,135 
- 
5,126 
Charge for the year
18,707 
54,978 
18,844 
1,139 
93,668 
At 29 February 2024
19,300 
55,376 
22,979 
1,139 
98,794 
Net book value
At 29 February 2024
295,416 
178,444 
178,283 
4,048 
656,191 
At 28 February 2023
45,675 
9,458 
155,824 
- 
210,957 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
19,270 
- 
19,270 
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
16,183 
Trade debtors
2,405 
- 
Accrued income and prepayments
36,526 
46,022 
38,931 
62,205 
Amounts falling due after more than one year
Other debtors
78,750 
35,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
24,445 
- 
Trade creditors
110,801 
- 
Taxes and social security
9,362 
- 
Other creditors
40,343 
- 
Accruals
122,505 
52,141 
307,456 
52,141 
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England’s Grace Ltd Notes to the Accounts for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
1,369,646 
383,676 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
160,106 
62,365 
Later than one year and not later than five years
655,006 
264,043 
Later than five years
1,090,316 
98,180 
1,905,428 
424,588 
11
Transactions with related parties
During the financial year, transactions were undertaken with related companies that are under common control by the director. At the year end, England's Grace Ltd owed £994,646 (2023: £223,676) and £375,000 (2023: £160,000) to Allegra Group Ltd and Allegra Strategies Ltd, respectively.
12
Average number of employees
During the year the average number of employees was 25 (2023: 0).
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