Registered number
07815621
Graydin Ltd
Unaudited Filleted Accounts
31 December 2023
Graydin Ltd
Registered number: 07815621
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,294 557
Current assets
Debtors 4 62,391 87,014
Cash at bank and in hand 65,388 86,988
127,779 174,002
Creditors: amounts falling due within one year 5 (44,986) (68,483)
Net current assets 82,793 105,519
Total assets less current liabilities 84,087 106,076
Provisions for liabilities (405) (106)
Net assets 83,682 105,970
Capital and reserves
Called up share capital 2 2
Profit and loss account 83,680 105,968
Shareholders' funds 83,682 105,970
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms McKenzie Elexis Cerri
Director
Approved by the board on 8 May 2024
Graydin Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer Equipment
£
Cost
At 1 January 2023 4,144
Additions 1,607
Disposals (2,499)
At 31 December 2023 3,252
Depreciation
At 1 January 2023 3,587
Charge for the year 870
On disposals (2,499)
At 31 December 2023 1,958
Net book value
At 31 December 2023 1,294
At 31 December 2022 557
4 Debtors 2023 2022
£ £
Trade debtors 22,588 25,188
Due from Graydin LLC 39,096 60,975
Other debtors 707 851
62,391 87,014
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,475 1,722
Due to Graydin LLC 29,994 51,874
Taxation and social security costs 8,722 14,887
Other creditors 4,795 -
44,986 68,483
6 Other information
Graydin Ltd is a private company limited by shares and incorporated in England. Its registered office is:
46 Malborough Court
Pembroke Road
London
W8 6DF
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