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Company registration number: 11967761
Grave Danger Ltd
Unaudited filleted financial statements
30 April 2023
Grave Danger Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Grave Danger Ltd
Directors and other information
Directors Mr D Grainger
Mrs H Grainger
Company number 11967761
Registered office 4 Westfield Road
Harpenden
AL5 4HL
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Grave Danger Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Grave Danger Ltd
Year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grave Danger Ltd for the year ended 30 April 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Grave Danger Ltd, as a body, in accordance with the terms of our engagement letter dated 16 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Grave Danger Ltd and state those matters that we have agreed to state to the board of directors of Grave Danger Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grave Danger Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Grave Danger Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Grave Danger Ltd. You consider that Grave Danger Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Grave Danger Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
7 November 2023
Grave Danger Ltd
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 58 303
_______ _______
58 303
Current assets
Debtors 6 1,685 14,400
Cash at bank and in hand 249 6,551
_______ _______
1,934 20,951
Creditors: amounts falling due
within one year 7 ( 2,096) ( 19,977)
_______ _______
Net current (liabilities)/assets ( 162) 974
_______ _______
Total assets less current liabilities ( 104) 1,277
_______ _______
Net (liabilities)/assets ( 104) 1,277
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 106) 1,275
_______ _______
Shareholders (deficit)/funds ( 104) 1,277
_______ _______
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 November 2023 , and are signed on behalf of the board by:
Mr D Grainger
Director
Company registration number: 11967761
Grave Danger Ltd
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Westfield Road, Harpenden, AL5 4HL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - Straight line over three years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2022 and 30 April 2023 787 787
_______ _______
Depreciation
At 1 May 2022 484 484
Charge for the year 245 245
_______ _______
At 30 April 2023 729 729
_______ _______
Carrying amount
At 30 April 2023 58 58
_______ _______
At 30 April 2022 303 303
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors - 14,400
Other debtors 1,685 -
_______ _______
1,685 14,400
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,165 1,302
Corporation tax - 15,414
Social security and other taxes - 2,186
Other creditors 931 1,075
_______ _______
2,096 19,977
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D Grainger ( 44) 648 604
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D Grainger 5,411 ( 5,455) ( 44)
_______ _______ _______