REGISTERED NUMBER: 10052239 (England and Wales)

GRAZE NORTH WALES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R Haley Esq

REGISTERED OFFICE:

First Floor Suite

23 Trinity Square

LLANDUDNO

Conwy

LL30 2RH

REGISTERED NUMBER:

10052239 (England and Wales)

ACCOUNTANTS:

Hawley and Company

Chartered Accountants & Chartered Tax Advisers

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

FIXED ASSETS

Tangible assets

4

31,453

29,584

CURRENT ASSETS

Stocks

1,850

1,800

Debtors

5

3,656

20,816

Cash at bank and in hand

43,925

35,444

49,431

58,060

CREDITORS

Amounts falling due within one year

6

42,225

50,133

NET CURRENT ASSETS

7,206

7,927

TOTAL ASSETS LESS CURRENT LIABILITIES

38,659

37,511

CREDITORS

Amounts falling due after more than one year

7

(26,331

)

(31,681

)

PROVISIONS FOR LIABILITIES

8

(5,808

)

(5,416

)

NET ASSETS

6,520

414

CAPITAL AND RESERVES

Called up share capital

9

75

75

Retained earnings

6,445

339

SHAREHOLDERS' FUNDS

6,520

414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:

R Haley Esq - Director

1.	STATUTORY INFORMATION

Graze North Wales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company makes pension contributions on behalf of directors and staff. Contributions paid during the year are charged in the Income Statement.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors

Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

46,796

17,887

64,683

Additions

5,793

3,662

9,455

At 31 December 2024

52,589

21,549

74,138

DEPRECIATION

At 1 January 2024

23,163

11,936

35,099

Charge for year

4,414

3,172

7,586

At 31 December 2024

27,577

15,108

42,685

NET BOOK VALUE

At 31 December 2024

25,012

6,441

31,453

At 31 December 2023

23,633

5,951

29,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by related parties

2,072

1,342

Director's current account

-

18,403

Prepayments

1,584

1,071

3,656

20,816

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,100

5,100

Trade creditors

12,627

11,506

Amounts owed to related parties

-

2,375

Tax

3,939

2,295

Social security and other taxes

11,578

10,066

Director's current account

986

-

Accruals

7,995

18,791

42,225

50,133

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

26,331

31,681

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

5,808

5,416

Deferred

tax

£

Balance at 1 January 2024

5,416

Accelerated capital allowances

392

Balance at 31 December 2024

5,808

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

75

Ordinary

£1

75

75

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R Haley Esq

Balance outstanding at start of year

18,403

-

Amounts advanced

-

18,403

Amounts repaid

(18,403

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

18,403