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Registered number: 13545041
Amazing Grace St Thomas Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Saashiv & Co. Accountants Limited
Chartered Certified Accountants
Pentax House
South Harrow
London
HA2 0DU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13545041
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 382,080 371,901
382,080 371,901
CURRENT ASSETS
Stocks 5 17,690 22,917
Debtors 6 313,010 161,844
Cash at bank and in hand 13,054 19,663
343,754 204,424
Creditors: Amounts Falling Due Within One Year 7 (609,678 ) (488,346 )
NET CURRENT ASSETS (LIABILITIES) (265,924 ) (283,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES 116,156 87,979
Creditors: Amounts Falling Due After More Than One Year 8 (4,647 ) (4,647 )
NET ASSETS 111,509 83,332
CAPITAL AND RESERVES
Called up share capital 9 102 102
Share premium account 21,003 21,003
Profit and Loss Account 90,404 62,227
SHAREHOLDERS' FUNDS 111,509 83,332
Page 1
Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vineet Kalra
Director
27/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Amazing Grace St Thomas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13545041 . The registered office is St. Thomas's Church 9a, St. Thomas Street, London, SE1 9RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over 15 years of lease term
Plant & Machinery 10% on reducing balance method
Fixtures & Fittings 10% on reducing balance method
Computer Equipment 10% on reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 30)
35 30
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 114,431 49,565 271,699 435,695
Additions - 5,574 44,516 50,090
As at 31 August 2024 114,431 55,139 316,215 485,785
...CONTINUED
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Page 4
Depreciation
As at 1 September 2023 15,258 9,417 39,119 63,794
Provided during the period 7,629 4,572 27,710 39,911
As at 31 August 2024 22,887 13,989 66,829 103,705
Net Book Value
As at 31 August 2024 91,544 41,150 249,386 382,080
As at 1 September 2023 99,173 40,148 232,580 371,901
5. Stocks
2024 2023
£ £
Materials 17,690 22,917
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,391 49,805
Prepayments and accrued income 75,588 10,794
Other debtors 200,031 101,245
313,010 161,844
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 226,053 155,233
Other taxes and social security 102,895 7,210
VAT 138,462 55,630
Net wages - 406
Other creditors 445 175,511
Other creditors (1) 2,150 1,995
Accruals and deferred income 35,423 14,111
Amounts owed to associates 104,250 78,250
609,678 488,346
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 4,647 4,647
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
Page 4