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Registered Number: 14159639
England and Wales

 

 

 

GRAPE GRAPHIC DESIGN LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 08 June 2022

End date: 30 June 2023
Directors Richard Grace
Amy Grace
Registered Number 14159639
Registered Office Cannon House
20 Back Lane
Sedburgh
LA10 5AQ
Accountants Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
LA4 6LA
Bankers ANNA
Brunel House
2 Fitzalan Road
Cardiff
Wales
CF24 0EB

1
Director's report and financial statements
The directors present their annual report and the financial statements for the period ended 30 June 2023.
Directors
The directors who served the company throughout the period were as follows:
Richard Grace
Amy Grace


The report of the directors has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board and signed on its behalf by:


----------------------------------
Richard Grace
Director

Date approved: 25 September 2023
2
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 30 June 2023 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
LA4 6LA
25 September 2023
3
 
 
Notes
 
2023
£
Current assets    
Debtors 4 7,270 
Creditors: amount falling due within one year 5 (7,269)
Net current assets 1 
 
Total assets less current liabilities 1 
Net assets 1 
 

Capital and reserves
   
Called up share capital 6 1 
Profit and loss account
Shareholder's funds 1 
 


For the period ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 September 2023 and were signed on its behalf by:


-------------------------------
Richard Grace
Director
4
General Information
Grape Graphic Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 14159639, registration address Cannon House, 20 Back Lane, Sedburgh, LA10 5AQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors have taken the decision to close the company as at the 30th June 2023 and arrange for it to be struck off at Companies House. Therefore, they consider that the going concern basis of accounting is not appropriate when preparing the financial statements. Where applicable, assets and liabilities have been stated at their recoverable or payable amounts, respectively.

Turnover
Turnover comprises of the invoiced value of services supplied by the company during the course of its ordinary business which are net of trade discounts. Turnover is recognised in the financial statements on the basis of invoiced sales when the risks and rewards of ownership have passed to the buyer. Sales are invoiced on the completion of a service.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
The current tax payable is based on the taxable profit or loss for the period. The taxable profit or loss may differ from that reported in the financial statements because adjustments are made for items that are treated differently for taxation compared to their treatment for accounting purposes. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Dividends
Dividends that are deemed to have been approved and paid during the period are included in these financial statements. Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis. However, the company has ceased trading in its first year and disposed of all tangible fixed assets.
Computer Equipment 3 years Straight Line
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Basic financial instruments included within these financial statements are valued at the transaction price applicable at the time of the transaction.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

The average number of persons given below includes directors:

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 08 June 2022  
Additions 1,009    1,009 
Disposals (1,009)   (1,009)
At 30 June 2023  
Depreciation
At 08 June 2022  
Charge for period  
On disposals  
At 30 June 2023  
Net book values
Closing balance as at 30 June 2023  
Opening balance as at 08 June 2022  


4.

Debtors: amounts falling due within one year

2023
£
Trade Debtors 2,989 
Directors' Current Accounts 4,281 
7,270 

5.

Creditors: amount falling due within one year

2023
£
Bank Loans & Overdrafts 101 
Taxation and Social Security 6,317 
Other Creditors 851 
7,269 

6.

Share Capital

Allotted, called up and fully paid
2023
£
1 Ordinary share of £1.00 each

7.

Director’s loan

Loans to directors

The company ceased trading on the 30th June 2023 and the directors have withdrawn the remaining funds in the company bank account to allow it to be closed. However, this has created an overdrawn directors' loan account of £4,281. This money has been set aside for the tax liabilities and the directors have given assurances that the tax liability will be settled out of personal funds with the effect that this will repay the directors loans. This is to be done within 9 months of the due date for corporation tax liabilities.
5