Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31information technology consultantsfalse2023-09-22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.10truefalse 14365891 2023-09-21 14365891 2023-09-22 2023-12-31 14365891 2022-09-22 2023-09-21 14365891 2023-12-31 14365891 c:Director1 2023-09-22 2023-12-31 14365891 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 14365891 d:CurrentFinancialInstruments 2023-12-31 14365891 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14365891 d:RetainedEarningsAccumulatedLosses 2023-12-31 14365891 c:FRS102 2023-09-22 2023-12-31 14365891 c:AuditExempt-NoAccountantsReport 2023-09-22 2023-12-31 14365891 c:FullAccounts 2023-09-22 2023-12-31 14365891 c:PrivateLimitedCompanyLtd 2023-09-22 2023-12-31 14365891 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-09-22 2023-12-31 14365891 e:PoundSterling 2023-09-22 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14365891










GRAVITY WORKPLACE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
GRAVITY WORKPLACE LTD
REGISTERED NUMBER: 14365891

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
  
60,750

  
60,750

Current assets
  

Cash at bank and in hand
  
4,075

  
4,075

Creditors: amounts falling due within one year
  
(66,000)

Net current (liabilities)/assets
  
 
 
(61,925)

Total assets less current liabilities
  
(1,175)

  

Net (liabilities)/assets
  
(1,175)


Capital and reserves
  

Profit and loss account
  
(1,175)

  
(1,175)


Page 1

 
GRAVITY WORKPLACE LTD
REGISTERED NUMBER: 14365891
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 statement of income and retained earnings 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 30 July 2024.




L J Bolt
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
GRAVITY WORKPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Gravity Workplace Limited (14365891) is a private company limited by shares and incorporated in England &Wales. The registered office is Innovation House, Molly Millars Close, Wokingham, RG41 2RX.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
GRAVITY WORKPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Intangible assets



Development expenditure

£



Cost


Additions
60,750



At 31 December 2023

60,750






Net book value



At 31 December 2023
60,750




5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
4,075

4,075



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
65,000

Accruals and deferred income
1,000

66,000


 
Page 4