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Company Registration No. 09418448 (England and Wales)
GRAPHITE RESOURCING LTD. Unaudited accounts for the year ended 29 February 2024
GRAPHITE RESOURCING LTD. Unaudited accounts Contents
Page
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GRAPHITE RESOURCING LTD. Company Information for the year ended 29 February 2024
Director
Max Williamson
Company Number
09418448 (England and Wales)
Registered Office
Cubo 38 Carver St Sheffield S1 4FS
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GRAPHITE RESOURCING LTD. Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
96,291 
128,646 
Current assets
Debtors
7,250 
7,250 
Cash at bank and in hand
469,248 
420,990 
476,498 
428,240 
Creditors: amounts falling due within one year
(182,109)
(179,141)
Net current assets
294,389 
249,099 
Net assets
390,680 
377,745 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
390,480 
377,545 
Shareholders' funds
390,680 
377,745 
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2024 and were signed on its behalf by
Max Williamson Director Company Registration No. 09418448
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GRAPHITE RESOURCING LTD. Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
GRAPHITE RESOURCING LTD. is a private company, limited by shares, registered in England and Wales, registration number 09418448. The registered office is Cubo 38 Carver St, Sheffield, S1 4FS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
153,818 
16,255 
12,055 
182,128 
Additions
- 
422 
416 
838 
At 29 February 2024
153,818 
16,677 
12,471 
182,966 
Depreciation
At 1 March 2023
37,120 
8,589 
7,773 
53,482 
Charge for the year
30,764 
1,213 
1,216 
33,193 
At 29 February 2024
67,884 
9,802 
8,989 
86,675 
Net book value
At 29 February 2024
85,934 
6,875 
3,482 
96,291 
At 28 February 2023
116,698 
7,666 
4,282 
128,646 
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GRAPHITE RESOURCING LTD. Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
7,250 
7,250 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
34,666 
27,737 
Obligations under finance leases and hire purchase contracts
71,185 
79,485 
Taxes and social security
56,613 
57,279 
Other creditors
163 
- 
Loans from directors
9,482 
4,640 
Accruals
10,000 
10,000 
182,109 
179,141 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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