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Graphics Shack Ltd
Registered Number:08185392
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Graphics Shack Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08185392
As at 31 August 2024
Graphics Shack Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
12,616
2,016
3
12,616
2,016
Current assets
Inventories
1,000
1,000
4
Trade and other receivables
4,147
11,564
5
48,796
Cash and cash equivalents
56,793
69,357
53,943
Trade and other payables: amounts falling due within one
year
(15,470)
(25,469)
6
38,473
43,888
Net current assets
Total assets less current liabilities
56,504
40,489
Trade and other payables: amounts falling due after more
than one year
(12,562)
(15,185)
7
41,319
Net assets
27,927
Capital and reserves
Called up share capital
30
30
Retained earnings
41,289
27,897
41,319
27,927
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven Hastings Director
These financial statements were approved and authorised for issue by the Board on 19 September 2024 and were signed by:
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4
Registered Number :
08185392
For the year ended 31 August 2024
Graphics Shack Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 August 2024
Graphics Shack Ltd
Notes to the Financial Statements
Statutory Information
Graphics Shack Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08185392.
Principal place of business:
Unit 6, Hurst Farm
Crosshands
Lydney
Gloucestershire
GL15 4LH
Registered address:
33 Main Road
Portskewett
Caldicot
Monmouthshire
NP26 5SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
For the year ended 31 August 2024
Graphics Shack Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2023
31,800
At 31 August 2024
31,800
Amortisation
At 01 September 2023
31,800
At 31 August 2024
31,800
Net book value
At 31 August 2024
-
At 31 August 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 September 2023
25,245
3,513
265
21,467
14,804
804
-
14,000
Additions
At 31 August 2024
35,467
265
4,317
40,049
Provision for depreciation and impairment
At 01 September 2023
23,229
3,312
266
19,651
Charge for year
4,204
251
(1)
3,954
At 31 August 2024
27,433
3,563
265
23,605
At 31 August 2024
Net book value
11,862
-
754
12,616
At 31 August 2023
1,816
(1)
201
2,016
4. Inventories
2023
2024
£
£
Stocks
1,000
1,000
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7
For the year ended 31 August 2024
Graphics Shack Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
10,642
3,660
Other debtors
922
487
4,147
11,564
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
8,000
-
Trade creditors
422
481
Taxation and social security
15,036
13,659
Other creditors
2,011
1,330
25,469
15,470
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
15,185
12,562
8. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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