REGISTERED NUMBER: 07402113 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st October 2025

for

Grace Supplies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C Overvoorde

Mrs L B Overvoorde

REGISTERED OFFICE:

406 Cottingham Road

Hull

HU6 8QE

REGISTERED NUMBER:

07402113 (England and Wales)

ACCOUNTANTS:

Dymond Accountants

Office F1,

Beverley Enterprise Centre

Beck View Road

Beverley

East Yorkshire

HU17 0JT

FIXED ASSETS

Tangible assets

4

3,899

6,426

CURRENT ASSETS

Stocks

19,120

24,535

Debtors

5

2,567

2,475

Cash at bank

14,015

20,684

35,702

47,694

CREDITORS

Amounts falling due within one year

6

22,803

31,330

NET CURRENT ASSETS

12,899

16,364

TOTAL ASSETS LESS CURRENT LIABILITIES

16,798

22,790

CREDITORS

Amounts falling due after more than one year

7

18,286

22,286

NET (LIABILITIES)/ASSETS

(1,488

)

504

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,588

)

404

(1,488

)

504

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 4th December 2025 and were signed on its behalf by:

A C Overvoorde - Director

1.	STATUTORY INFORMATION

Grace Supplies 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% 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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st November 2024

125

3,732

35,470

39,327

Additions

-

657

-

657

At 31st October 2025

125

4,389

35,470

39,984

DEPRECIATION

At 1st November 2024

124

3,565

29,212

32,901

Charge for year

-

285

2,899

3,184

At 31st October 2025

124

3,850

32,111

36,085

NET BOOK VALUE

At 31st October 2025

1

539

3,359

3,899

At 31st October 2024

1

167

6,258

6,426

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

1,957

2,021

Other debtors

610

454

2,567

2,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

4,000

4,000

Trade creditors

7,885

17,215

Taxation and social security

2,498

3,109

Other creditors

8,420

7,006

22,803

31,330

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

18,286

22,286