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Registered number: 11994729
Graphy Technologies Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11994729
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,613 23,682
9,613 23,682
CURRENT ASSETS
Debtors 5 191,810 364,850
Cash at bank and in hand 2,220,445 3,074,860
2,412,255 3,439,710
Creditors: Amounts Falling Due Within One Year 6 (80,265 ) (48,349 )
NET CURRENT ASSETS (LIABILITIES) 2,331,990 3,391,361
TOTAL ASSETS LESS CURRENT LIABILITIES 2,341,603 3,415,043
NET ASSETS 2,341,603 3,415,043
CAPITAL AND RESERVES
Called up share capital 7 728 847
Share premium account 8,055,594 8,055,475
Profit and Loss Account (5,714,719 ) (4,641,279 )
SHAREHOLDERS' FUNDS 2,341,603 3,415,043
Page 1
Page 2
For the year ending 31 May 2024 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 directors acknowledge their 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
A Vinitchi
Director
07/09/2024
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
Graphy Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11994729 . The registered office is Octagon Point 5 Cheapside, Octagon Point, London, EC2V 6AA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 33% on a straight line basis
Computer Equipment 33% on a straight line basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

2.6. Employee benefits policy
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.7. Investments policy
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 10)
6 10
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 847 95,744 96,591
Additions - 4,418 4,418
As at 31 May 2024 847 100,162 101,009
Depreciation
As at 1 June 2023 223 72,686 72,909
Provided during the period 282 18,205 18,487
As at 31 May 2024 505 90,891 91,396
Net Book Value
As at 31 May 2024 342 9,271 9,613
As at 1 June 2023 624 23,058 23,682
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 3,353
Other debtors 13,477 4,617
Corporation tax recoverable assets 161,926 348,082
VAT 16,407 8,798
191,810 364,850
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,244 418
Other taxes and social security 58,669 24,805
Net wages 1,984 2,241
Accruals and deferred income 13,368 20,885
80,265 48,349
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 728 847
Page 4