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Company Registration No. SC670999 (Scotland)
Final Gravity Ltd Unaudited accounts for the year ended 31 August 2024
Final Gravity Ltd Unaudited accounts Contents
Page
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Final Gravity Ltd Company Information for the year ended 31 August 2024
Director
Iain Smith
Company Number
SC670999 (Scotland)
Registered Office
9 FLAT 7 9 PROMENADE TERRACE EDINBURGH EH15 1DT SCOTLAND
Accountants
MYVO Ltd 49 John Finnie Street Kilmarnock East Ayrshire KA1 1EE
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Final Gravity Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(1)
2,250 
Current assets
Debtors
99 
564 
Cash at bank and in hand
17,217 
21,739 
17,316 
22,303 
Creditors: amounts falling due within one year
(691)
(1,112)
Net current assets
16,625 
21,191 
Net assets
16,624 
23,441 
Capital and reserves
Profit and loss account
16,624 
23,441 
Shareholders' funds
16,624 
23,441 
For the year ending 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 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 24 October 2024 and were signed on its behalf by
Iain Smith Director Company Registration No. SC670999
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Final Gravity Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Final Gravity Ltd is a private company, limited by shares, registered in Scotland, registration number SC670999. The registered office is 9 FLAT 7, 9 PROMENADE TERRACE, EDINBURGH, EH15 1DT, SCOTLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Land & buildings
Reducing Balance Method
Plant & machinery
reducing balance method
Computer equipment
reducing balance method
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
6,750 
At 31 August 2024
6,750 
Depreciation
At 1 September 2023
4,500 
Charge for the year
2,251 
At 31 August 2024
6,751 
Net book value
At 31 August 2024
(1)
At 31 August 2023
2,250 
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Final Gravity Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
95 
560 
Other debtors
4 
4 
99 
564 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(3,015)
(3,015)
Loans from directors
3,706 
4,127 
691 
1,112 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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