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Registered number: 11545093









GRAVITA AUDIT II LIMITED
(Previously known as CBW Audit Limited)

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
GRAVITA AUDIT II LIMITED
 
(Previously known as CBW Audit Limited)
REGISTERED NUMBER: 11545093

BALANCE SHEET
AS AT 30 APRIL 2023

30 April
31 March
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,243,203
765,852

Cash at bank and in hand
  
306,440
576,624

  
1,549,643
1,342,476

Creditors: amounts falling due within one year
 5 
(1,330,689)
(1,341,588)

Total assets less current liabilities
  
 
 
218,954
 
 
888

  

Net assets
  
218,954
888


Capital and reserves
  

Called up share capital 
  
6
2

Profit and loss account
  
218,948
886

  
218,954
888


Page 1

 
GRAVITA AUDIT II LIMITED
 
(Previously known as CBW Audit Limited)
REGISTERED NUMBER: 11545093

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 period 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: 




Paul Berlyn
Director

Date: 17 October 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
GRAVITA AUDIT II LIMITED

(Previously known as CBW Audit Limited)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Gravita Audit II Limited is a private company limited by shares, incorporated in England and Wales. The
registered office of the company is Aldagate Tower, 2 Leman Street, London, E1 8FA. 
The current year figures reflect a long accounting period and are therefore not comparable. The change in period was made to align the Company's year end with that of the associated companies. 
The financial statements are prepared in sterling which is the functional currency of the Company and rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
GRAVITA AUDIT II LIMITED

(Previously known as CBW Audit Limited)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).


4.


Debtors

30 April
31 March
2023
2022
£
£


Trade debtors
837,126
765,850

Amounts owed by related undertakings
2
-

Other debtors
4
2

Amounts recoverable on contracts
406,071
-

1,243,203
765,852



5.


Creditors: Amounts falling due within one year

30 April
31 March
2023
2022
£
£

Amounts owed to related undertakings
1,216,164
1,151,782

Corporation tax
-
177

Other taxation and social security
114,525
189,629

1,330,689
1,341,588



6.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


7.


Controlling party

There is no ultimate controlling party. 

Page 4