Gravitize Ltd 09917858 sound engineering false 1 January 2023 09917858 2023-01-01 2023-12-31 09917858 2022-12-31 09917858 2023-12-31 09917858 2022-01-01 2022-12-31 09917858 2021-12-31 09917858 2022-12-31 09917858 frs102-bus:FRS102 2023-01-01 2023-12-31 09917858 frs102-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09917858 frs102-bus:FullAccounts 2023-01-01 2023-12-31 09917858 frs102-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09917858 frs102-core:CurrentFinancialInstruments 2023-12-31 09917858 frs102-core:CurrentFinancialInstruments 2022-12-31 09917858 frs102-core:ShareCapital 2023-12-31 09917858 frs102-core:ShareCapital 2022-12-31 09917858 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 09917858 frs102-core:RetainedEarningsAccumulatedLosses 2022-12-31 09917858 frs102-bus:Director1 2023-01-01 2023-12-31 09917858 frs102-core:ToolsEquipment 2023-01-01 2023-12-31 09917858 frs102-core:ToolsEquipment 2022-12-31 09917858 frs102-core:ToolsEquipment 2023-12-31 09917858 frs102-core:ToolsEquipment 2022-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09917858
Gravitize Ltd
Unaudited Accounts
for the year ended
31 December 2023
Gravitize Ltd
Balance Sheet
as at 31 December 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 735 2,809
735 2,809
Current assets
Debtors 4 3,182 0
Cash at bank and in hand 2,430 2,197
5,612 2,197
Creditors: amounts falling due within one year 5 (6,097) (8,133)
Net current assets / (liabilities) (485) (5,936)
Total assets less current liabilities 250 (3,127)
Provisions for liabilities (0) (0)
Accruals and deferred income (186) (186)
Total net assets (liabilities) 64 (3,313)
Capital and reserves
Called up share capital 6 30 30
Profit and loss account 34 (3,343)
Shareholders' funds 64 (3,313)

Gravitize Ltd
Balance Sheet
as at 31 December 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2023 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr A Styles

Director


Approved by the board on 26 September 2024

Company Number: 09917858 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

17a Electric Lane
Brixton
London
SW9 8LA
England

Gravitize Ltd
Notes to the Accounts
for the year ended 31 December 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Tools & equipment 15% Straight Line
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2023 2022
Average number of employees during the period 1 0

3. Tangible fixed assets
Tools & equipment Total
Cost or valuation £ £
At 1 January 2023 17,859 17,859
Additions 546 546
At 31 December 2023 18,405 18,405
Depreciation
At 1 January 2023 15,050 15,050
Charge for the period 2,620 2,620
At 31 December 2023 17,670 17,670
Net book value
At 31 December 2023 735 735
At 31 December 2022 2,809 2,809

4. Debtors
2023 2022
£ £
Trade debtors 3,182 0
3,182 0

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 78 26
Taxation & social security 4,345 468
Other creditors 1,674 7,639
6,097 8,133

6. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
10 (2022: 10) A Ordinary shares of £1.00 each 10 10
Allotted, called up and fully paid:
10 (2022: 10) B Ordinary shares of £1.00 each 10 10
Allotted, called up and fully paid:
10 (2022: 10) C Ordinary shares of £1.00 each 10 10
30 30