1 November 2022 false No description of principal activity Taxfiler 2023.15 12971147business:PrivateLimitedCompanyLtd2022-11-012023-10-31 129711472022-10-31 129711472022-11-012023-10-31 12971147business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 12971147business:FilletedAccounts2022-11-012023-10-31 129711472023-10-31 12971147business:Director12022-11-012023-10-31 12971147business:RegisteredOffice2022-11-012023-10-31 129711472022-10-31 12971147core:WithinOneYear2023-10-31 12971147core:WithinOneYear2022-10-31 12971147core:AfterOneYear2023-10-31 12971147core:AfterOneYear2022-10-31 12971147core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12971147core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12971147core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12971147core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12971147core:PreviouslyStatedAmount2023-10-31 12971147core:PreviouslyStatedAmount2022-10-31 12971147business:SmallEntities2022-11-012023-10-31 12971147countries:EnglandWales2022-11-012023-10-31 12971147core:PlantMachinery2022-11-012023-10-31 12971147core:IntangibleAssetsOtherThanGoodwill2022-10-31 12971147core:IntangibleAssetsOtherThanGoodwill2023-10-31 12971147core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-31 12971147core:PlantMachinery2022-10-31 12971147core:PlantMachinery2023-10-31 129711472021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12971147 (England and Wales)
Graphics Direct London Ltd Unaudited accounts for the year ended 31 October 2023
Graphics Direct London Ltd Unaudited accounts Contents
Page
- 2 -
Graphics Direct London Ltd Company Information for the year ended 31 October 2023
Director
Marek Hospody
Company Number
12971147 (England and Wales)
Registered Office
10 Queen Street Ipswich Suffolk IP1 1SS England
- 3 -
Graphics Direct London Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
56,350 
64,400 
Tangible assets
460,521 
526,309 
516,871 
590,709 
Current assets
Inventories
84,226 
56,377 
Debtors
53,463 
35,421 
Cash at bank and in hand
85,086 
24,397 
222,775 
116,195 
Creditors: amounts falling due within one year
(242,037)
(256,539)
Net current liabilities
(19,262)
(140,344)
Total assets less current liabilities
497,609 
450,365 
Creditors: amounts falling due after more than one year
(34,548)
- 
Net assets
463,061 
450,365 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
463,060 
450,364 
Shareholders' funds
463,061 
450,365 
For the year ending 31 October 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 1 November 2023 and were signed on its behalf by
Marek Hospody Director Company Registration No. 12971147
- 4 -
Graphics Direct London Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Graphics Direct London Ltd is a private company, limited by shares, registered in England and Wales, registration number 12971147. The registered office is 10 Queen Street, , Ipswich, Suffolk, IP1 1SS, England.
2
Compliance with accounting standards
The 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The 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
10
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
80,500 
At 31 October 2023
80,500 
Amortisation
At 1 November 2022
16,100 
Charge for the year
8,050 
At 31 October 2023
24,150 
Net book value
At 31 October 2023
56,350 
At 31 October 2022
64,400 
- 5 -
Graphics Direct London Ltd Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
657,885 
At 31 October 2023
657,885 
Depreciation
At 1 November 2022
131,576 
Charge for the year
65,788 
At 31 October 2023
197,364 
Net book value
At 31 October 2023
460,521 
At 31 October 2022
526,309 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
53,463 
35,421 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
18,993 
18,280 
Trade creditors
69,283 
96,580 
Taxes and social security
14,982 
14,253 
Other creditors
70,293 
68,940 
Loans from directors
45,000 
35,000 
Accruals
23,486 
23,486 
242,037 
256,539 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
34,548 
- 
9
Average number of employees
During the year the average number of employees was 9 (2022: 9).
- 6 -