1 November 2022 false Taxfiler 2024.4 12288026business:PrivateLimitedCompanyLtd2022-11-012023-10-31 122880262022-10-31 122880262022-11-012023-10-31 12288026business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 12288026business:FilletedAccounts2022-11-012023-10-31 122880262023-10-31 12288026business:Director12022-11-012023-10-31 12288026business:RegisteredOffice2022-11-012023-10-31 122880262022-10-31 12288026core:WithinOneYear2023-10-31 12288026core:WithinOneYear2022-10-31 12288026core:AfterOneYear2023-10-31 12288026core:AfterOneYear2022-10-31 12288026core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12288026core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12288026core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12288026core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12288026core:PreviouslyStatedAmount2023-10-31 12288026core:PreviouslyStatedAmount2022-10-31 12288026business:SmallEntities2022-11-012023-10-31 12288026countries:EnglandWales2022-11-012023-10-31 12288026core:ComputerEquipment2022-11-012023-10-31 12288026core:ComputerEquipment2022-10-31 12288026core:ComputerEquipment2023-10-31 122880262021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12288026 (England and Wales)
GRC SIMPLIFIED LIMITED Unaudited accounts for the year ended 31 October 2023
GRC SIMPLIFIED LIMITED Unaudited accounts Contents
Page
- 2 -
GRC SIMPLIFIED LIMITED Company Information for the year ended 31 October 2023
Director
Aamir Jamil
Company Number
12288026 (England and Wales)
Registered Office
114 ASPECTS THROWLEY WAY SUTTON LONDON SM1 4FE ENGLAND
- 3 -
GRC SIMPLIFIED LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,364 
1,130 
Current assets
Debtors
980 
- 
Cash at bank and in hand
2,014 
7,545 
2,994 
7,545 
Creditors: amounts falling due within one year
(20,700)
(19,570)
Net current liabilities
(17,706)
(12,025)
Total assets less current liabilities
(16,342)
(10,895)
Creditors: amounts falling due after more than one year
(12,139)
(5,749)
Net liabilities
(28,481)
(16,644)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(28,581)
(16,744)
Shareholders' funds
(28,481)
(16,644)
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 26 July 2024 and were signed on its behalf by
Aamir Jamil Director Company Registration No. 12288026
- 4 -
GRC SIMPLIFIED LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
GRC SIMPLIFIED LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12288026. The registered office is 114 ASPECTS, THROWLEY WAY, SUTTON, LONDON, SM1 4FE, 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.
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 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.
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
33.33% straight line basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,695 
Additions
1,199 
At 31 October 2023
2,894 
Depreciation
At 1 November 2022
565 
Charge for the year
965 
At 31 October 2023
1,530 
Net book value
At 31 October 2023
1,364 
At 31 October 2022
1,130 
- 5 -
GRC SIMPLIFIED LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
980 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
16,102 
9,411 
Taxes and social security
- 
6,012 
Other creditors
4,123 
3,822 
Accruals
475 
325 
20,700 
19,570 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
12,139 
5,749 
8
Controlling party
GRC Simplified Limited is a subsidiary of a foreign business - Business Beam Private Limited established in Pakistan.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -