GRACE & TAILOR LTD

Unaudited Financial Statements

for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

S Sagoo

REGISTERED OFFICE:

Unit 5 The Courtyards

Leeds

West Yorkshire

LS14 2LB

REGISTERED NUMBER:

07392307 (England and Wales)

ACCOUNTANT:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Lloyds Bank Plc

6-7 Park Row

Leeds

West Yorkshire

LS1 1NX

FIXED ASSETS

Tangible assets

4

277,745

330,616

CURRENT ASSETS

Stocks

83,598

89,152

Debtors

5

131,610

141,533

Cash at bank and in hand

75,877

82,382

291,085

313,067

CREDITORS

Amounts falling due within one year

6

244,748

279,220

NET CURRENT ASSETS

46,337

33,847

TOTAL ASSETS LESS CURRENT LIABILITIES

324,082

364,463

CREDITORS

Amounts falling due after more than one year

7

23,337

51,342

NET ASSETS

300,745

313,121

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

300,645

313,021

SHAREHOLDERS' FUNDS

300,745

313,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 9 July 2026 and were signed by:

S Sagoo - Director

1.	STATUTORY INFORMATION

Grace & Tailor 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 the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 November 2024

32,500

498,480

23,381

Additions

-

6,303

6,221

Disposals

-

(32,019

)

-

At 31 October 2025

32,500

472,764

29,602

DEPRECIATION

At 1 November 2024

19,500

202,217

10,647

Charge for year

6,500

44,002

2,845

Eliminated on disposal

-

(22,801

)

-

At 31 October 2025

26,000

223,418

13,492

NET BOOK VALUE

At 31 October 2025

6,500

249,346

16,110

At 31 October 2024

13,000

296,263

12,734

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

13,899

26,326

594,586

Additions

-

1,661

14,185

Disposals

-

-

(32,019

)

At 31 October 2025

13,899

27,987

576,752

DEPRECIATION

At 1 November 2024

7,254

24,352

263,970

Charge for year

997

3,494

57,838

Eliminated on disposal

-

-

(22,801

)

At 31 October 2025

8,251

27,846

299,007

NET BOOK VALUE

At 31 October 2025

5,648

141

277,745

At 31 October 2024

6,645

1,974

330,616

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

90,304

111,732

Other debtors

41,306

29,801

131,610

141,533

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

1,851

24,074

Hire purchase contracts

28,004

28,004

Trade creditors

22,646

80,327

Taxation and social security

32,816

36,083

Other creditors

159,431

110,732

244,748

279,220

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

23,337

51,342