Company Registration No. 13049369 (England and Wales)
Great And Small Limited
Unaudited accounts
for the year ended 30 November 2024
Great And Small Limited
Unaudited accounts
Contents
Great And Small Limited
Company Information
for the year ended 30 November 2024
Directors
V A Williams
C A E Brash
L S Nowell
Company Number
13049369 (England and Wales)
Registered Office
Station House Vets
Teal House
Welburn
North Yorkshire
YO60 7EP
England
Great And Small Limited
Statement of financial position
as at 30 November 2024
Intangible assets
62,367
71,928
Tangible assets
123,873
124,879
Cash at bank and in hand
379,575
273,526
Creditors: amounts falling due within one year
(323,008)
(212,370)
Net current assets
180,864
197,201
Total assets less current liabilities
367,104
394,008
Creditors: amounts falling due after more than one year
(116,245)
(122,027)
Provisions for liabilities
Deferred tax
(30,968)
(31,220)
Net assets
219,891
240,761
Called up share capital
120
120
Profit and loss account
219,771
240,641
Shareholders' funds
219,891
240,761
For the year ending 30 November 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 7 March 2025 and were signed on its behalf by
L S Nowell
Director
Company Registration No. 13049369
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2024
Great And Small Limited is a private company, limited by shares, registered in England and Wales, registration number 13049369. The registered office is Station House Vets, Teal House, Welburn, North Yorkshire, YO60 7EP, 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.
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.
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.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
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
Intangible fixed assets
Goodwill
At 30 November 2024
95,608
At 30 November 2024
33,241
At 30 November 2024
62,367
At 30 November 2023
71,928
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
142,272
31,307
11,112
184,691
Additions
23,963
1,468
1,088
26,519
At 30 November 2024
166,052
32,775
12,200
211,027
At 1 December 2023
47,465
8,371
3,976
59,812
Charge for the year
20,564
4,587
2,259
27,410
At 30 November 2024
67,961
12,958
6,235
87,154
At 30 November 2024
98,091
19,817
5,965
123,873
At 30 November 2023
94,807
22,936
7,136
124,879
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
52,271
52,787
Accrued income and prepayments
19,349
16,062
Other debtors
8,216
22,212
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,787
5,791
Trade creditors
51,625
55,371
Taxes and social security
72,165
57,094
Other creditors
1,431
3,581
Loans from directors
126,774
32,310
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
116,245
122,027
9
Operating lease commitments
2024
2023
At 30 November 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
33,620
33,620
Later than one year and not later than five years
21,046
45,781
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account
-
9,839
9,839
-
Director loan account
-
2,375
2,375
-
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2024
11
Transactions with related parties
The directors have given a guarantee in respect of the bank borrowings
12
Average number of employees
During the year the average number of employees was 18 (2023: 17).