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Company Registration No. 12905386 (England and Wales)
Graphics Guru Ltd Unaudited accounts for the year ended 30 September 2023
Graphics Guru Ltd Unaudited accounts Contents
Page
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Graphics Guru Ltd Company Information for the year ended 30 September 2023
Director
Milan Tancos
Company Number
12905386 (England and Wales)
Registered Office
10 Queen Street Ipswich Suffolk IP1 1SS England
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Graphics Guru Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,743 
759,706 
Current assets
Inventories
147,812 
44,710 
Debtors
25,769 
33,827 
Cash at bank and in hand
26,717 
6,284 
200,298 
84,821 
Creditors: amounts falling due within one year
(209,858)
(800,129)
Net current liabilities
(9,560)
(715,308)
Total assets less current liabilities
109,183 
44,398 
Creditors: amounts falling due after more than one year
(43,746)
(53,000)
Net assets/(liabilities)
65,437 
(8,602)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,436 
(8,603)
Shareholders' funds
65,437 
(8,602)
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 1 November 2023 and were signed on its behalf by
Milan Tancos Director Company Registration No. 12905386
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Graphics Guru Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Graphics Guru Ltd is a private company, limited by shares, registered in England and Wales, registration number 12905386. The registered office is 10 Queen Street, Ipswich, Suffolk, IP1 1SS, 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:
Plant & machinery
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
949,632 
Disposals
(546,000)
At 30 September 2023
403,632 
Depreciation
At 1 October 2022
189,926 
Charge for the year
40,363 
On disposals
54,600 
At 30 September 2023
284,889 
Net book value
At 30 September 2023
118,743 
At 30 September 2022
759,706 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,769 
33,827 
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Graphics Guru Ltd Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
12,554 
32,108 
Obligations under finance leases and hire purchase contracts
107,651 
100,000 
Trade creditors
79,934 
234,284 
Taxes and social security
21,972 
24,264 
Other creditors
84,305 
297,437 
Loans from directors
(49,724)
64,822 
Accruals
(46,834)
47,214 
209,858 
800,129 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
43,746 
53,000 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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