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Registration number: 11210395

Gryphon Analytics Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 10 August 2023

 

Gryphon Analytics Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Gryphon Analytics Limited

Company Information

Director

Mr J R E Gladstone

Registered office

Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

Gryphon Analytics Limited

(Registration number: 11210395)
Balance Sheet as at 10 August 2023

Note

2023
£

2023
£

Current assets

 

Debtors

5

1,856

1,771

Cash at bank and in hand

 

125

403

 

1,981

2,174

Creditors: Amounts falling due within one year

6

1,870

3,016

Net assets

 

3,851

5,190

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

3,850

5,189

Shareholders' funds

 

3,851

5,190

For the financial period ending 10 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 February 2024
 

.........................................

Mr J R E Gladstone
Director

 

Gryphon Analytics Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 10 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

These financial statements were authorised for issue by the director on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

iPad Pro

3 Years Straight Line

Investments

Other Investmnets are stated at cost at balance sheet date

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Gryphon Analytics Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 10 August 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Gryphon Analytics Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 10 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

1,139

1,139

At 10 August 2023

1,139

1,139

Depreciation

At 1 March 2023

1,139

1,139

At 10 August 2023

1,139

1,139

Carrying amount

At 10 August 2023

-

-

5

Debtors

Current

2023
£

2023
£

Trade debtors

640

640

Other debtors

1,216

1,131

 

1,856

1,771

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2023
£

Due within one year

 

Loans and borrowings

8

-

94

Other creditors

 

(1,870)

(3,110)

 

(1,870)

(3,016)

7

Share capital

Allotted, called up and fully paid shares

 

Gryphon Analytics Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 10 August 2023

 

2023

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2023
£

Current loans and borrowings

Bank overdrafts

-

94