Lucy Grewar Associates Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Lucy Grewar Associates Limited

Company Information

Director

L Atyeo

Registered Office

Flat 16 Hansom Hall 44 Thomas Street St. Pauls Bristol BS2 9LL

Registered Number

10432697

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Lucy Grewar Associates Limited

(Registration number: 10432697)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	40,789	61,241
Current assets
Debtors	5	47,287	43,443
Cash at bank and in hand		25,719	26,075
		73,006	69,518
Creditors: Amounts falling due within one year	6	(54,439)	(63,287)
Net current assets		18,567	6,231
Total assets less current liabilities		59,356	67,472
Creditors: Amounts falling due after more than one year	6	(54,540)	(65,368)
Provisions for liabilities		-	(1,721)
Net assets		4,816	383
Capital and reserves
Called up share capital		1	1
Retained earnings		4,815	382
Shareholders' funds		4,816	383

Lucy Grewar Associates Limited

(Registration number: 10432697)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2026
 

......................................... L Atyeo Director

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Flat 16 Hansom Hall
44 Thomas Street
St. Pauls
Bristol
BS2 9LL

These financial statements were authorised for issue by the director on 28 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis following confirmation that the director will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	- 25% on cost
Motor vehicles	- 25% on cost
Computer equipment	- 25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Fixtures and fittings £	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	8,671	11,542	83,833	104,046
Additions	1,699	3,096	-	4,795
At 31 October 2025	10,370	14,638	83,833	108,841
Depreciation
At 1 November 2024	4,093	9,021	29,691	42,805
Charge for the year	2,458	1,831	20,958	25,247
At 31 October 2025	6,551	10,852	50,649	68,052
Carrying amount
At 31 October 2025	3,819	3,786	33,184	40,789
At 31 October 2024	4,578	2,521	54,142	61,241

5

Debtors

	Note	2025 £	2024 £
Trade debtors		-	19,872
Amounts owed by related parties	7	23,833	16,581
Prepayments and accrued income		14,053	1,394
Other debtors		9,401	5,596
		47,287	43,443

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Creditors

Due within one year	Note	2025 £	2024 £
Bank loans		5,664	6,538
Hire purchase and finance lease liabilities		11,920	11,920
Amounts owed to related parties	7	40	390
Taxation and social security		34,205	41,829
Accruals and deferred income		2,610	2,610
		54,439	63,287

 

	2025 £	2024 £
Due after one year
Bank loans	-	5,664
Hire purchase and finance lease liabilities	54,540	59,704
	54,540	65,368

Included in bank loans is a balance of £5,664 (2024 - £12,202) which is guaranteed by the government and unsecured.

The hire purchase contracts are secured on the assets to which they relate.

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7	Related party transactions

Loans to related parties

2025	Key management £	Total £
At start of period	16,581	16,581
Advanced	97,495	97,495
Repaid	(90,243)	(90,243)
At end of period	23,833	23,833

2024	Key management £	Total £
Advanced	16,581	16,581
At end of period	16,581	16,581

Terms of loans to related parties

Loans to key management are repayable on demand and interest is charged at the HMRC prevailing rate on overdrawn balances which exceed £10,000.
 

Lucy Grewar Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Loans from related parties

2025	Other related parties £	Total £
At start of period	390	390
Repaid	(350)	(350)
At end of period	40	40

2024	Key management £	Other related parties £	Total £
At start of period	5,960	1,220	7,180
Advanced	66,670	144	66,814
Repaid	(72,630)	(974)	(73,604)
At end of period	-	390	390

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.
 
Loans from other related parties are interest free and repayable on demand.