1 September 2023 false No description of principal activity Taxfiler 2024.6 06668635business:CompanyLimitedByGuarantee2023-09-012024-08-31 066686352023-08-31 066686352023-09-012024-08-31 06668635business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 06668635business:FilletedAccounts2023-09-012024-08-31 066686352024-08-31 06668635business:Director12023-09-012024-08-31 06668635business:RegisteredOffice2023-09-012024-08-31 066686352023-08-31 06668635core:WithinOneYear2024-08-31 06668635core:WithinOneYear2023-08-31 06668635core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 06668635core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 06668635core:PreviouslyStatedAmount2024-08-31 06668635core:PreviouslyStatedAmount2023-08-31 06668635business:SmallEntities2023-09-012024-08-31 06668635countries:EnglandWales2023-09-012024-08-31 06668635core:FurnitureFittings2023-09-012024-08-31 06668635core:ComputerEquipment2023-09-012024-08-31 06668635core:ComputerEquipment2023-08-31 06668635core:ComputerEquipment2024-08-31 066686352022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 06668635 (England and Wales)
GRACE ASSEMBLY Unaudited accounts for the year ended 31 August 2024
GRACE ASSEMBLY Unaudited accounts Contents
Page
- 2 -
GRACE ASSEMBLY Company Information for the year ended 31 August 2024
Director
Mr A Obayori
Company Number
06668635 (England and Wales)
Registered Office
91 VALLEY ROAD KENLEY SURREY CR8 5BY
- 3 -
GRACE ASSEMBLY Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2 
2 
Current assets
Cash at bank and in hand
15,938 
6,151 
Creditors: amounts falling due within one year
(7,900)
(2,121)
Net current assets
8,038 
4,030 
Net assets
8,040 
4,032 
Reserves
Profit and loss account
8,040 
4,032 
Members' funds
8,040 
4,032 
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 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 27 May 2025 and were signed on its behalf by
Mr A Obayori Director Company Registration No. 06668635
- 4 -
GRACE ASSEMBLY Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
GRACE ASSEMBLY is a private company, limited by guarantee, registered in England and Wales, registration number 06668635. The registered office is 91 VALLEY ROAD, KENLEY, SURREY, CR8 5BY.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
8,090 
At 31 August 2024
8,090 
Depreciation
At 1 September 2023
8,088 
At 31 August 2024
8,088 
Net book value
At 31 August 2024
2 
At 31 August 2023
2 
- 5 -
GRACE ASSEMBLY Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
7,325 
1,546 
Accruals
575 
575 
7,900 
2,121 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -