Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07759828 Mr R J Burrows iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07759828 2022-12-31 07759828 2023-12-31 07759828 2023-01-01 2023-12-31 07759828 frs-core:CurrentFinancialInstruments 2023-12-31 07759828 frs-core:Non-currentFinancialInstruments 2023-12-31 07759828 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07759828 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07759828 frs-core:ShareCapital 2023-12-31 07759828 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07759828 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07759828 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07759828 frs-bus:SmallEntities 2023-01-01 2023-12-31 07759828 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07759828 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07759828 frs-bus:Director1 2023-01-01 2023-12-31 07759828 frs-bus:Director1 2022-12-31 07759828 frs-bus:Director1 2023-12-31 07759828 frs-countries:EnglandWales 2023-01-01 2023-12-31 07759828 2021-12-31 07759828 2022-12-31 07759828 2022-01-01 2022-12-31 07759828 frs-core:CurrentFinancialInstruments 2022-12-31 07759828 frs-core:Non-currentFinancialInstruments 2022-12-31 07759828 frs-core:ShareCapital 2022-12-31 07759828 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07759828
Grafikol Ltd.
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07759828
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 1,612 2,091
Cash at bank and in hand 12,299 32,651
13,911 34,742
Creditors: Amounts Falling Due Within One Year 5 (37,069 ) (20,686 )
NET CURRENT ASSETS (LIABILITIES) (23,158 ) 14,056
TOTAL ASSETS LESS CURRENT LIABILITIES (23,158 ) 14,056
Creditors: Amounts Falling Due After More Than One Year 6 - (30,799 )
NET LIABILITIES (23,158 ) (16,743 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (23,159 ) (16,744 )
SHAREHOLDERS' FUNDS (23,158) (16,743)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R J Burrows
Director
21 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grafikol Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07759828 . The registered office is 10 Kingsdene, Tadworth, Surrey, KT20 5EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director believes that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading and the director intends to place the company into liquidation. Therefore, the accounts have been prepared on a break-up basis.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% straight line
Computer Equipment 33.3% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,612 2,091
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1,770
Bank loans and overdrafts 26,935 4,642
Corporation tax 1,033 6,152
VAT 7,738 7,522
Accruals and deferred income 1,363 600
37,069 20,686
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6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 30,799
7. Secured Creditors
The bank loan is secured by the Government under the Bounce Back Loan Scheme.
2023 2022
£ £
Bank loans and overdrafts 26,935 35,441
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Richard Burrows 2,091 919 1,398 - 1,612
The above loan is unsecured, interest free and repayable on demand.
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