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REGISTERED NUMBER: 08420958 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

FOR

GRADE A TECHNOLOGY LIMITED

GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Operating and Financial Review 2

Balance Sheet 3

Notes to the Financial Statements 5


GRADE A TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023







DIRECTOR: M A J O'Connor





SECRETARY:





REGISTERED OFFICE: 83a High Street
Stevenage
Hertfordshire
SG1 3HR





REGISTERED NUMBER: 08420958 (England and Wales)





ACCOUNTANTS: Elmes & English
Chartered Accountants
Elm House
75a Walkern Road
Stevenage
Hertfordshire
SG1 3RB

GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)

OPERATING AND FINANCIAL REVIEW
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

Following the pandemic and in this extended financial period the business has invested over 250k GBP in strategic investments developing our new ecommerce platform www.gradeatechnology.co.uk . The last 18 months has seen investment and operational highlights that include:

- 100% Increase in year-on-year sales.

- Appointment of Marc Toombs who holds the post as UK Managing Director.

- Design and implementation of our new ecommerce online ordering platform.

-Significant capital investment into online marketing strategy programmes.

- Relocation of UK headquarters.

After an 18-month period of significant change and investment, we enter 2024 with both confidence and excitement to maximise the opportunities of an increasingly online world. The outlook for the coming financial year is both growth and maturity which will see the company turn into profitability by Q4 2024.

Martin O'Connor
Director

GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 251,000 -
Tangible assets 5 - 138
251,000 138

CURRENT ASSETS
Stocks 6 74,842 28,250
Debtors 7 8,711 92,695
Cash at bank and in hand 10,489 20,775
94,042 141,720
CREDITORS
Amounts falling due within one year 8 475,130 94,395
NET CURRENT (LIABILITIES)/ASSETS (381,088 ) 47,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

(130,088

)

47,463

CREDITORS
Amounts falling due after more than one
year

9

-

50,480
NET LIABILITIES (130,088 ) (3,017 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (130,188 ) (3,117 )
SHAREHOLDERS' FUNDS (130,088 ) (3,017 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





M A J O'Connor - Director


GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Grade A Technology Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
Additions 251,000
At 31 December 2023 251,000
NET BOOK VALUE
At 31 December 2023 251,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 31 December 2023 405
DEPRECIATION
At 1 July 2022 267
Charge for period 138
At 31 December 2023 405
NET BOOK VALUE
At 31 December 2023 -
At 30 June 2022 138

6. STOCKS
2023 2022
£    £   
Stocks 74,842 28,250

GRADE A TECHNOLOGY LIMITED (REGISTERED NUMBER: 08420958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,711 4,357
Other debtors 6,000 30,100
Directors' current accounts - 20,000
Prepayments and accrued income - 38,238
8,711 92,695

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 211,163 30,890
Trade creditors 129,156 54,826
Social security and other taxes 2,420 -
VAT 2,388 7,379
Pensions payable 48 -
Directors' current accounts 129,155 -
Accrued expenses 800 1,300
475,130 94,395

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 21,619
Bank loans - 2-5 years - 24,889
Bank loans more 5 yr by instal - 3,972
- 50,480

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,972