2023-02-012024-01-312024-01-31false04354944Gravitas Accountants 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Gravitas Accountants Ltd

Registered Number
04354944
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Gravitas Accountants Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Morrell, Stephen Jonathan

Company Secretary

MORRELL, Stephen Jonathan

Registered Address

Wellington House
Aviator Court
York
YO30 4UZ

Registered Number

04354944 (England and Wales)
Gravitas Accountants Ltd
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3750,000750,000
750,000750,000
Creditors amounts falling due within one year4(560,088)(620,088)
Net current assets (liabilities)(560,088)(620,088)
Total assets less current liabilities189,912129,912
Net assets189,912129,912
Capital and reserves
Called up share capital22
Profit and loss account189,910129,910
Shareholders' funds189,912129,912
The financial statements were approved and authorised for issue by the Director on 22 September 2024, and are signed on its behalf by:
Morrell, Stephen Jonathan
Director
Registered Company No. 04354944
Gravitas Accountants Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 February 23750,000750,000
At 31 January 24750,000750,000
Net book value
At 31 January 24750,000750,000
At 31 January 23750,000750,000

Notes

1Investments in group undertakings and participating interests
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts560,088620,088
Total560,088620,088