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Company Registration No. 08586837 (England and Wales)
Gilder Grids Limited Unaudited accounts for the period from 1 October 2022 to 31 March 2024
Gilder Grids Limited Unaudited accounts Contents
Page
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Gilder Grids Limited Company Information for the period from 1 October 2022 to 31 March 2024
Director
Kieran Gilder
Company Number
08586837 (England and Wales)
Registered Office
UNIT 11 WITHAMBROOK PARK INDUSTRIAL ESTATE GRANTHAM NG31 9ST
Accountants
Barrowby Accountants Limited Kobia, Low Road, Barrowby Grantham Lincs. NG32 1DJ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gilder Grids Limited for the period from 1 October 2022 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gilder Grids Limited for the period from 1 October 2022 to 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Gilder Grids Limited, as a body, in accordance with the terms of our engagement letter dated 16 June 2014. Our work has been undertaken solely to prepare for your approval the accounts of Gilder Grids Limited and state those matters that we have agreed to state to the Board of Directors of Gilder Grids Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gilder Grids Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gilder Grids Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gilder Grids Limited. You consider that Gilder Grids Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Gilder Grids Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barrowby Accountants Limited Chartered Accountants Kobia, Low Road, Barrowby Grantham Lincs. NG32 1DJ 13 September 2024
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Gilder Grids Limited Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
360,204 
- 
Tangible assets
152,749 
69,664 
Investments
274,947 
6,717 
787,900 
76,381 
Current assets
Inventories
160,000 
142,633 
Debtors
726,525 
403,762 
Cash at bank and in hand
1,602,972 
1,548,189 
2,489,497 
2,094,584 
Creditors: amounts falling due within one year
(296,477)
(226,966)
Net current assets
2,193,020 
1,867,618 
Total assets less current liabilities
2,980,920 
1,943,999 
Provisions for liabilities
Deferred tax
(47,681)
(10,824)
Net assets
2,933,239 
1,933,175 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,932,239 
1,932,175 
Shareholders' funds
2,933,239 
1,933,175 
For the period ending 31 March 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 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 13 September 2024 and were signed on its behalf by
Kieran Gilder Director Company Registration No. 08586837
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Gilder Grids Limited Notes to the Accounts for the period from 1 October 2022 to 31 March 2024
1
Statutory information
Gilder Grids Limited is a private company, limited by shares, registered in England and Wales, registration number 08586837. The registered office is UNIT 11, WITHAMBROOK PARK INDUSTRIAL ESTATE, GRANTHAM, NG31 9ST.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25%
Intangible fixed assets
Intangible fixed assets (including crypto currencies, purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value. Investments in cryptocurrencies are included at lower of cost or net realisable value; these are included in intangible assets in the financial statements).
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Gilder Grids Limited Notes to the Accounts for the period from 1 October 2022 to 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
131,000 
Additions
380,204 
Disposals
(20,000)
At 31 March 2024
491,204 
Amortisation
At 1 October 2022
131,000 
At 31 March 2024
131,000 
Net book value
At 31 March 2024
360,204 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
217,560 
Additions
134,002 
At 31 March 2024
351,562 
Depreciation
At 1 October 2022
147,896 
Charge for the period
50,917 
At 31 March 2024
198,813 
Net book value
At 31 March 2024
152,749 
At 30 September 2022
69,664 
6
Investments
Other investments 
£ 
Valuation at 1 October 2022
6,717 
Additions
268,230 
Valuation at 31 March 2024
274,947 
7
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
VAT
49,057 
25,346 
Trade debtors
426,771 
378,416 
Other debtors
250,697 
- 
726,525 
403,762 
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Gilder Grids Limited Notes to the Accounts for the period from 1 October 2022 to 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Trade creditors
20,214 
26,755 
Taxes and social security
276,263 
118,687 
Other creditors
- 
1,318 
Loans from directors
- 
80,206 
296,477 
226,966 
9
Deferred taxation
2024 
2022 
£ 
£ 
Accelerated capital allowances
35,748 
10,824 
Other deferred taxation
11,933 
- 
47,681 
10,824 
2024 
2022 
£ 
£ 
Provision at start of period
10,824 
10,328 
Charged to the profit and loss account
36,857 
496 
Provision at end of period
47,681 
10,824 
10
Operating lease commitments
2024 
2022 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
- 
24,000 
11
Average number of employees
During the period the average number of employees was 8 (2022: 7).
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