Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05657135 2023-01-01 2023-12-31 05657135 2022-01-01 2022-12-31 05657135 2023-12-31 05657135 2022-12-31 05657135 c:Director1 2023-01-01 2023-12-31 05657135 d:OfficeEquipment 2023-01-01 2023-12-31 05657135 d:OfficeEquipment 2023-12-31 05657135 d:OfficeEquipment 2022-12-31 05657135 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05657135 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 05657135 d:CurrentFinancialInstruments 2023-12-31 05657135 d:CurrentFinancialInstruments 2022-12-31 05657135 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05657135 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05657135 d:ShareCapital 2023-12-31 05657135 d:ShareCapital 2022-12-31 05657135 d:RetainedEarningsAccumulatedLosses 2023-12-31 05657135 d:RetainedEarningsAccumulatedLosses 2022-12-31 05657135 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05657135 c:OrdinaryShareClass1 2023-12-31 05657135 c:OrdinaryShareClass1 2022-12-31 05657135 c:FRS102 2023-01-01 2023-12-31 05657135 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05657135 c:AbridgedAccounts 2023-01-01 2023-12-31 05657135 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05657135 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05657135










Gradu8 Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Gradu8 Limited
Registered number: 05657135

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
83
583

  
83
583

Current assets
  

Debtors
  
446
2,133

Cash at bank and in hand
  
7,875
14,279

  
8,321
16,412

Creditors: amounts falling due within one year
 6 
(8,057)
(16,312)

Net current assets
  
 
 
264
 
 
100

Total assets less current liabilities
  
347
683

Net assets
  
347
683


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
247
583

  
347
683


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2024.




C J Pye
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Gradu8 Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

The company is registered as a private company limited by shares, incorporated and domiciled in England & Wales. The company's registered office is at Second Floor, 168 Shoreditch High Street, London, E1 6RA.
The principal activity of the company during the period was that of a recruitment agency. The company's trading address is 24 Churchill Road, Stockwell End, Tettenhall, Wolverhampton, WV6 9AT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
Gradu8 Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
50%
straight line
Other Fixed Assets
-
50%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
Gradu8 Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Office Equipment

£



Cost or valuation


At 1 January 2023
999



At 31 December 2023

999



Depreciation


At 1 January 2023
416


Charge for the year on owned assets
500



At 31 December 2023

916



Net book value



At 31 December 2023
83



At 31 December 2022
583

Page 4

 
Gradu8 Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Other debtors
-
1,687

Prepayments and accrued income
446
446

446
2,133



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,813
4,769

Other taxation and social security
3,273
8,591

Other creditors
19
-

Accruals and deferred income
2,952
2,952

8,057
16,312


Page 5

 
Gradu8 Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



8.


Related party transactions

At the year end, the company owed £19 to the director (2022: the company was owed by the director £1,462).  


9.


Controlling party

The director owns all of the issued share capital and therefore controls the company.


Page 6