REGISTERED NUMBER: 06230862 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRACE AND MABEL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Benson

Mrs K J Smith

Mrs S A Presland

SECRETARY:

Mrs D Benson

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton Bristol

BS8 4HU

REGISTERED NUMBER:

06230862 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

84,038

5,910

CURRENT ASSETS

Stocks

178,019

141,011

Debtors

5

78,600

65,062

Cash at bank and in hand

35,845

177,068

292,464

383,141

CREDITORS

Amounts falling due within one year

6

97,215

158,056

NET CURRENT ASSETS

195,249

225,085

TOTAL ASSETS LESS CURRENT LIABILITIES

279,287

230,995

PROVISIONS FOR LIABILITIES

7

14,426

1,478

NET ASSETS

264,861

229,517

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

264,858

229,514

SHAREHOLDERS' FUNDS

264,861

229,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

Mrs D Benson - Director

1.	STATUTORY INFORMATION

Grace and Mabel Ltd 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.

Turnover

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.

Short leasehold

-

Straight line over the life of the lease

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

6,734

1,749

83,111

15,285

106,879

Additions

25,000

-

76,742

-

101,742

At 31 March 2025

31,734

1,749

159,853

15,285

208,621

DEPRECIATION

At 1 April 2024

6,060

1,749

81,877

11,283

100,969

Charge for year

2,340

-

19,633

1,641

23,614

At 31 March 2025

8,400

1,749

101,510

12,924

124,583

NET BOOK VALUE

At 31 March 2025

23,334

-

58,343

2,361

84,038

At 31 March 2024

674

-

1,234

4,002

5,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

813

(87

)

Other debtors

77,787

65,149

78,600

65,062

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

45,603

122,342

Taxation and social security

30,062

20,899

Other creditors

21,550

14,815

97,215

158,056

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

14,426

1,478

Deferred

tax

£

Balance at 1 April 2024

1,478

Accelerated Capital Allowances

12,948

Balance at 31 March 2025

14,426

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

3

Ordinary

£1

3

3

9.	RELATED PARTY DISCLOSURES

The company maintains an interest free loan account with the directors. At the balance sheet date, the company owed the directors £5,000 (2024: £8,001).

The company maintains a interest free loan account with My Sister Limited, a company owned by the directors. At the year end, My Sister Limited owed Grace and Mabel £54,676 (2024: £52,552).

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.