Registered number
10860862
The Granary Bradford on Avon Limited
Accounts
For the Year Ended
31 July 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
The Granary Bradford on Avon Limited
Registered number: 10860862
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 303 245
Current assets
Stocks 28,334 33,427
Debtors 4 5,773 -
Cash at bank and in hand 11,260 4,974
45,367 38,401
Creditors: amounts falling due within one year 5 (13,163) (7,234)
Net current assets 32,204 31,167
Total assets less current liabilities 32,507 31,412
Creditors: amounts falling due after more than one year 6 (28,061) (29,712)
Net assets 4,446 1,700
Capital and reserves
Called up share capital 99 99
Profit and loss account 4,347 1,601
Shareholders' funds 4,446 1,700
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H C Scriven
Director
Approved by the board on 24 April 2025
The Granary Bradford on Avon Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when payment has been received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts..
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 August 2023 1,730 1,800 3,530
Additions 449 - 449
At 31 July 2024 2,179 1,800 3,979
Depreciation
At 1 August 2023 1,485 1,800 3,285
Charge for the year 391 - 391
At 31 July 2024 1,876 1,800 3,676
Net book value
At 31 July 2024 303 - 303
At 31 July 2023 245 - 245
4 Debtors 2024 2023
£ £
Other debtors 5,773 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,021 -
Taxation and social security costs 5,810 5,349
Other creditors 4,332 1,885
13,163 7,234
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 28,061 29,712
7 Related party transactions
Included in other creditors due after one year is an amount of £28,061 (2023 - £29,712) due to the directors.
8 Other information
The Granary Bradford on Avon Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Granary
Pound Lane
Bradford on Avon
Wiltshire
BA15 1LF
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