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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
Page
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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
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Graffins Services Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
137,206 
1,929 
Current assets
Debtors
2,003,648 
1,017,512 
Cash at bank and in hand
475,962 
194,028 
2,479,610 
1,211,540 
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)
Net assets
95,487 
165,679 
Capital and reserves
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
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Graffins Services Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The projected accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
33.33%
Motor vehicles
10%
Fixtures & fittings
20.00%
Computer equipment
33.33%
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 
Depreciation
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 
Net book value
At 31 January 2023
(596)
895 
136,218 
- 
689 
137,206 
At 31 January 2022
(298)
895 
- 
- 
1,332 
1,929 
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Graffins Services Limited Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,923,582 
1,017,512 
Other debtors
80,066 
- 
2,003,648 
1,017,512 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,310 
127,246 
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)
Accruals
12,856 
12,856 
2,352,662 
833,123 
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 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Syed Atif Hussain Shah
Directors' loan from the Business
38,657 
- 
38,657 
- 
38,657 
- 
38,657 
- 
9
Average number of employees
During the year the average number of employees was 185 (2022: 200).
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