Company Registration No. 09946763 (England and Wales)
Graffins Services Limited
Annual and Unaudited accounts
for the year ended 31 January 2023
Graffins Services Limited
Annual and Unaudited accounts
Contents
Graffins Services Limited
Company Information
for the year ended 31 January 2023
Director
Syed Atif Hussain Shah
Company Number
09946763 (England and Wales)
Registered Office
85, Ealing Cross
Uxbridge Road
London
W5 5TH
Accountants
Legend Financial and Tax Advisers Limited
246-250 Romford Road
Citygate House
London
E7 9HZ
Graffins Services Limited
Statement of financial position
as at 31 January 2023
Tangible assets
137,206
1,929
Debtors
2,003,648
1,017,512
Cash at bank and in hand
475,962
194,028
Creditors: amounts falling due within one year
(2,352,662)
(833,123)
Net current assets
126,948
378,417
Total assets less current liabilities
264,154
380,346
Creditors: amounts falling due after more than one year
(168,667)
(214,667)
Called up share capital
5,100
5,100
Profit and loss account
90,387
160,579
Shareholders' funds
95,487
165,679
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 October 2023 and were signed on its behalf by
Syed Atif Hussain Shah
Director
Company Registration No. 09946763
Graffins Services Limited
Notes to the Accounts
for the year ended 31 January 2023
Graffins Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09946763. The registered office is 85, Ealing Cross, Uxbridge Road, London, W5 5TH.
2
Compliance with accounting standards
The projected accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The projected accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The projected accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20.00%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2022
-
5,215
-
7,974
10,394
23,583
Additions
-
-
151,359
-
-
151,359
At 31 January 2023
-
5,215
151,359
7,974
10,394
174,942
At 1 February 2022
298
4,320
-
7,974
9,062
21,654
Charge for the year
298
-
15,141
-
643
16,082
At 31 January 2023
596
4,320
15,141
7,974
9,705
37,736
At 31 January 2023
(596)
895
136,218
-
689
137,206
At 31 January 2022
(298)
895
-
-
1,332
1,929
Graffins Services Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
1,923,582
1,017,512
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,650,347
469,369
Taxes and social security
228,905
143,791
Other creditors
453,898
118,518
Loans from directors
346
(38,657)
Corporation Tax: £32,995
PAYE: £158,758
Pension: £32,302
Wages Payable: £12,855
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
168,667
214,667
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loan from the Business
38,657
-
38,657
-
9
Average number of employees
During the year the average number of employees was 185 (2022: 200).