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
Gilder Grids Limited
Company Information
for the period from 1 October 2022 to 31 March 2024
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
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
Gilder Grids Limited
Statement of financial position
as at 31 March 2024
Intangible assets
360,204
-
Tangible assets
152,749
69,664
Inventories
160,000
142,633
Cash at bank and in hand
1,602,972
1,548,189
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
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
Gilder Grids Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including crypto currencies, purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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).
Gilder Grids Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Charge for the period
50,917
At 30 September 2022
69,664
6
Investments
Other investments
Valuation at 1 October 2022
6,717
Valuation at 31 March 2024
274,947
Amounts falling due within one year
Trade debtors
426,771
378,416
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
Loans from directors
-
80,206
9
Deferred taxation
2024
2022
Accelerated capital allowances
35,748
10,824
Other deferred taxation
11,933
-
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).