Company Registration No. 09115066 (England and Wales)
Grace Favour (Nottingham) Ltd
Unaudited accounts
for the year ended 31 July 2024
Grace Favour (Nottingham) Ltd
Unaudited accounts
Contents
Grace Favour (Nottingham) Ltd
Company Information
for the year ended 31 July 2024
Director
Ms Grace Wanjiru Mbugua
Company Number
09115066 (England and Wales)
Registered Office
52 BAGNALL AVENUE
ARNOLD
NOTTINGHAM
NOTTINGHAMSHIRE
NG5 6FP
Grace Favour (Nottingham) Ltd
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
17,653
13,964
Creditors: amounts falling due within one year
(1,606)
(1,950)
Net current assets
21,727
14,874
Total assets less current liabilities
21,957
15,180
Creditors: amounts falling due after more than one year
(7,280)
(760)
Called up share capital
1
1
Profit and loss account
14,676
14,419
Shareholders' funds
14,677
14,420
For the year ending 31 July 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 her 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 17 January 2025 and were signed on its behalf by
Ms Grace Wanjiru Mbugua
Director
Company Registration No. 09115066
Grace Favour (Nottingham) Ltd
Notes to the Accounts
for the year ended 31 July 2024
Grace Favour (Nottingham) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09115066. The registered office is 52 BAGNALL AVENUE, ARNOLD, NOTTINGHAM, NOTTINGHAMSHIRE, NG5 6FP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Grace Favour (Nottingham) Ltd
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,606
1,950
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
6,500
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).