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REGISTERED NUMBER: 07911145 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Gradient Creative Ltd

Gradient Creative Ltd (Registered number: 07911145)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gradient Creative Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Taylor
Mrs V C Taylor



REGISTERED OFFICE: The Old Chapel
Harwich Road
Wrabness
Manningtree
Essex
CO11 2UD



REGISTERED NUMBER: 07911145 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB

Gradient Creative Ltd (Registered number: 07911145)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,044 2,402

CURRENT ASSETS
Stocks 5 2,500 2,500
Debtors 6 14,036 5,927
Cash at bank and in hand 4,608 17,622
21,144 26,049
CREDITORS
Amounts falling due within one year 7 16,334 20,301
NET CURRENT ASSETS 4,810 5,748
TOTAL ASSETS LESS CURRENT LIABILITIES 6,854 8,150

CREDITORS
Amounts falling due after more than one
year

8

6,309

7,396
NET ASSETS 545 754

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 445 654
SHAREHOLDERS' FUNDS 545 754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gradient Creative Ltd (Registered number: 07911145)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:




A Taylor - Director



Mrs V C Taylor - Director


Gradient Creative Ltd (Registered number: 07911145)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gradient Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Gradient Creative Ltd (Registered number: 07911145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 6,053 5,970 12,023
Additions 149 999 1,148
At 31 March 2024 6,202 6,969 13,171
DEPRECIATION
At 1 April 2023 5,395 4,226 9,621
Charge for year 373 1,133 1,506
At 31 March 2024 5,768 5,359 11,127
NET BOOK VALUE
At 31 March 2024 434 1,610 2,044
At 31 March 2023 658 1,744 2,402

Gradient Creative Ltd (Registered number: 07911145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. STOCKS
2024 2023
£    £   
Work-in-progress 2,500 2,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,682 2,226
Other debtors 9,354 3,701
14,036 5,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,706 6,052
Taxation and social security 11,093 11,464
Other creditors 3,535 2,785
16,334 20,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 6,309 7,396

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 615

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 1,660 1,035

Amounts falling due between one and two years:
Other loans - 1-2 years 1,188 1,061

Amounts falling due between two and five years:
Other loans - 2-5 years 5,121 5,720

Amounts falling due in more than five years:

Gradient Creative Ltd (Registered number: 07911145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal - 615

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 7,969 8,431

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A Taylor and Mrs V C Taylor
Balance outstanding at start of year 3,701 1,097
Amounts advanced 9,353 3,701
Amounts repaid (3,701 ) (1,097 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,353 3,701

The above directors' loan account was repaid by the directors in the following financial year.