20 March 2023 false No description of principal activity Taxfiler 2024.1 SC763019business:PrivateLimitedCompanyLtd2023-03-202024-03-31 SC7630192023-03-19 SC7630192023-03-202024-03-31 SC763019business:AuditExemptWithAccountantsReport2023-03-202024-03-31 SC763019business:FilletedAccounts2023-03-202024-03-31 SC7630192024-03-31 SC763019core:WithinOneYear2024-03-31 SC763019core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC763019core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC763019core:PreviouslyStatedAmount2024-03-31 SC763019business:SmallEntities2023-03-202024-03-31 SC763019business:Director12023-03-202024-03-31 SC763019countries:Scotland2023-03-202024-03-31 SC763019business:RegisteredOffice2023-03-202024-03-31 SC763019core:ComputerEquipment2023-03-202024-03-31 SC763019core:ComputerEquipment2023-03-19 SC763019core:ComputerEquipment2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC763019 (Scotland)
Grabify Ltd accounts for the period from 20 March 2023 to 31 March 2024
Grabify Ltd accounts Contents
Page
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Grabify Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
520 
Current assets
Debtors
6,458 
Cash at bank and in hand
1 
6,459 
Creditors: amounts falling due within one year
(6,259)
Net current assets
200 
Net assets
720 
Capital and reserves
Called up share capital
1 
Profit and loss account
719 
Shareholders' funds
720 
For the period ending 31 March 2024 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 23 April 2024 and were signed on its behalf by
Ameer Hamza Director Company Registration No. SC763019
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Grabify Ltd Notes to the Accounts for the period from 20 March 2023 to 31 March 2024
1
Statutory information
Grabify Ltd is a private company, limited by shares, registered in Scotland, registration number SC763019. The registered office is 20-23 Woodside Place, Glasgow, G3 7QL, United Kingdom.
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 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:
Computer equipment
20% Reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 20 March 2023
- 
Additions
650 
At 31 March 2024
650 
Depreciation
Charge for the period
130 
At 31 March 2024
130 
Net book value
At 31 March 2024
520 
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
6,458 
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Grabify Ltd Notes to the Accounts for the period from 20 March 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
67 
Other creditors
2,905 
Loans from directors
2,787 
Accruals
500 
6,259 
7
Average number of employees
During the period the average number of employees was 1.
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