Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03446260 2023-01-01 2023-12-31 03446260 2023-12-31 03446260 2022-01-01 2022-12-31 03446260 2022-12-31 03446260 c:CompanySecretary1 2023-01-01 2023-12-31 03446260 c:Director1 2023-01-01 2023-12-31 03446260 c:Director5 2023-01-01 2023-12-31 03446260 c:RegisteredOffice 2023-01-01 2023-12-31 03446260 c:Agent1 2023-01-01 2023-12-31 03446260 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 03446260 d:ComputerSoftware 2023-12-31 03446260 d:ComputerSoftware 2022-12-31 03446260 d:CurrentFinancialInstruments 2023-12-31 03446260 d:CurrentFinancialInstruments 2022-12-31 03446260 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03446260 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03446260 d:ShareCapital 2023-12-31 03446260 d:ShareCapital 2022-12-31 03446260 d:RetainedEarningsAccumulatedLosses 2023-12-31 03446260 d:RetainedEarningsAccumulatedLosses 2022-12-31 03446260 c:FRS102 2023-01-01 2023-12-31 03446260 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03446260 c:FullAccounts 2023-01-01 2023-12-31 03446260 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03446260 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 03446260







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


GRIPPING STUFF INTERNATIONAL LIMITED






































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GRIPPING STUFF INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Directors
R C Banks 
S M McAleese-Banks 




Company secretary
R C Banks



Registered number
03446260



Registered office
HB42 House
Unit 9, Maple Grove Business Centre

Lawrence Road

Hounslow

Middlesex

TW4 6DR




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Bankers
Barclays Bank plc
Ranger House

Walnut Tree Close

Guildford

Surrey

GU1 4UL





 


GRIPPING STUFF INTERNATIONAL LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


GRIPPING STUFF INTERNATIONAL LIMITED
REGISTERED NUMBER:03446260



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,083
3,870

  
3,083
3,870

Current assets
  

Stocks
  
68,964
73,368

Debtors: amounts falling due within one year
 5 
7,796
1,503

Bank and cash balances
  
5,227
21,838

  
81,987
96,709

Creditors: amounts falling due within one year
 6 
(15,987)
(10,088)

Net current assets
  
 
 
66,000
 
 
86,621

Total assets less current liabilities
  
69,083
90,491

  

Net assets
  
69,083
90,491


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
68,083
89,491

  
69,083
90,491


Page 1

 


GRIPPING STUFF INTERNATIONAL LIMITED
REGISTERED NUMBER:03446260


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
R C Banks
Director
Date: 25 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


GRIPPING STUFF INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Gripping Stuff International Limited is a private company, limited by shares, incorporated in the United Kingdom under Companies Act 2006 and is registered in England and Wales. The registered address and principal place of business is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover, which is stated net of Value Added Tax, represents the sale of products through wholesaling activity.  Sales are recognised when the risks and rewards of goods have been passed over to the customer.   

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Website
-
20%
straight line

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 


GRIPPING STUFF INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Website

£



Cost


At 1 January 2023
3,935



At 31 December 2023

3,935



Amortisation


At 1 January 2023
65


Charge for the year on owned assets
787



At 31 December 2023

852



Net book value



At 31 December 2023
3,083



At 31 December 2022
3,870




5.


Debtors

2023
2022
£
£


Trade debtors
6,796
503

Other debtors
1,000
1,000

7,796
1,503


Page 4

 


GRIPPING STUFF INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
316
21

Other taxation and social security
2,286
5,172

Other creditors
8,000
-

Accruals and deferred income
5,385
4,895

15,987
10,088



7.


Related party transactions

The Company has given a cross guarantee and debenture in respect of bank facilities with Hilton Banks Limited.
These bank facilities are also secured by a personal guarantee from the director R C Banks.
Hilton Banks Limited is related due to common ultimate shareholders.
At the year end the company owed £8,000 (2022 - £nil) to a related company.


8.


Share capital

2023
2022
£
£
Allotted and called up



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000

The company has share capital unpaid of £1,000 (2022: £1,000).


 
Page 5