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Company Registration No. 13649573 (England and Wales)
GROM TECH LIMITED Unaudited accounts for the year ended 30 September 2023
GROM TECH LIMITED Unaudited accounts Contents
Page
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GROM TECH LIMITED Company Information for the year ended 30 September 2023
Director
Mateusz Gronkiewicz
Company Number
13649573 (England and Wales)
Registered Office
112 - 113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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GROM TECH LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
535 
713 
Current assets
Debtors
- 
790 
Cash at bank and in hand
1,996 
1,473 
1,996 
2,263 
Creditors: amounts falling due within one year
(1,086)
(909)
Net current assets
910 
1,354 
Total assets less current liabilities
1,445 
2,067 
Creditors: amounts falling due after more than one year
(294)
- 
Net assets
1,151 
2,067 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
1,000 
- 
Profit and loss account
51 
1,967 
Shareholders' funds
1,151 
2,067 
For the year ending 30 September 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 25 March 2024 and were signed on its behalf by
Mateusz Gronkiewicz Director Company Registration No. 13649573
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GROM TECH LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
GROM TECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13649573. The registered office is 112 - 113 High Street, LINCOLN, LN5 7PY, 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:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
300 
650 
950 
At 30 September 2023
300 
650 
950 
Depreciation
At 1 October 2022
75 
162 
237 
Charge for the year
56 
122 
178 
At 30 September 2023
131 
284 
415 
Net book value
At 30 September 2023
169 
366 
535 
At 30 September 2022
225 
488 
713 
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GROM TECH LIMITED Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
790 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
(294)
294 
Loans from directors
830 
105 
Accruals
550 
510 
1,086 
909 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
294 
- 
An adjustment to the prior year corporation tax liability has been made in this current period of £294 due to losses incurred
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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