2023-01-012023-12-312023-12-31false12281130Graduation Limited2024-10-30iso4217:GBPxbrli:pure122811302023-01-01122811302023-12-31122811302023-01-012023-12-31122811302022-01-01122811302022-12-31122811302022-01-012022-12-3112281130bus:SmallEntities2023-01-012023-12-3112281130bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112281130bus:FullAccounts2023-01-012023-12-3112281130bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112281130core:WithinOneYear2023-12-3112281130core:AfterOneYear2023-12-3112281130core:WithinOneYear2022-12-3112281130core:AfterOneYear2022-12-3112281130core:ShareCapital2023-12-3112281130core:SharePremium2023-12-3112281130core:RevaluationReserve2023-12-3112281130core:OtherReservesSubtotal2023-12-3112281130core:RetainedEarningsAccumulatedLosses2023-12-3112281130core:ShareCapital2022-12-3112281130core:SharePremium2022-12-3112281130core:RevaluationReserve2022-12-3112281130core:OtherReservesSubtotal2022-12-3112281130core:RetainedEarningsAccumulatedLosses2022-12-3112281130core:LandBuildings2023-12-3112281130core:PlantMachinery2023-12-3112281130core:Vehicles2023-12-3112281130core:FurnitureFittings2023-12-3112281130core:OfficeEquipment2023-12-3112281130core:NetGoodwill2023-12-3112281130core:IntangibleAssetsOtherThanGoodwill2023-12-3112281130core:ListedExchangeTraded2023-12-3112281130core:UnlistedNon-exchangeTraded2023-12-3112281130core:LandBuildings2022-12-3112281130core:PlantMachinery2022-12-3112281130core:Vehicles2022-12-3112281130core:FurnitureFittings2022-12-3112281130core:OfficeEquipment2022-12-3112281130core:NetGoodwill2022-12-3112281130core:IntangibleAssetsOtherThanGoodwill2022-12-3112281130core:ListedExchangeTraded2022-12-3112281130core:UnlistedNon-exchangeTraded2022-12-3112281130core:LandBuildings2023-01-012023-12-3112281130core:PlantMachinery2023-01-012023-12-3112281130core:Vehicles2023-01-012023-12-3112281130core:FurnitureFittings2023-01-012023-12-3112281130core:OfficeEquipment2023-01-012023-12-3112281130core:NetGoodwill2023-01-012023-12-3112281130core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112281130core:ListedExchangeTraded2023-01-012023-12-3112281130core:UnlistedNon-exchangeTraded2023-01-012023-12-3112281130core:MoreThanFiveYears2023-01-012023-12-3112281130core:Non-currentFinancialInstruments2023-12-3112281130core:Non-currentFinancialInstruments2022-12-3112281130dpl:CostSales2023-01-012023-12-3112281130dpl:DistributionCosts2023-01-012023-12-3112281130core:LandBuildings2023-01-012023-12-3112281130core:PlantMachinery2023-01-012023-12-3112281130core:Vehicles2023-01-012023-12-3112281130core:FurnitureFittings2023-01-012023-12-3112281130core:OfficeEquipment2023-01-012023-12-3112281130dpl:AdministrativeExpenses2023-01-012023-12-3112281130core:NetGoodwill2023-01-012023-12-3112281130core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112281130dpl:GroupUndertakings2023-01-012023-12-3112281130dpl:ParticipatingInterests2023-01-012023-12-3112281130dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112281130core:ListedExchangeTraded2023-01-012023-12-3112281130dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112281130core:UnlistedNon-exchangeTraded2023-01-012023-12-3112281130dpl:CostSales2022-01-012022-12-3112281130dpl:DistributionCosts2022-01-012022-12-3112281130core:LandBuildings2022-01-012022-12-3112281130core:PlantMachinery2022-01-012022-12-3112281130core:Vehicles2022-01-012022-12-3112281130core:FurnitureFittings2022-01-012022-12-3112281130core:OfficeEquipment2022-01-012022-12-3112281130dpl:AdministrativeExpenses2022-01-012022-12-3112281130core:NetGoodwill2022-01-012022-12-3112281130core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112281130dpl:GroupUndertakings2022-01-012022-12-3112281130dpl:ParticipatingInterests2022-01-012022-12-3112281130dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112281130core:ListedExchangeTraded2022-01-012022-12-3112281130dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112281130core:UnlistedNon-exchangeTraded2022-01-012022-12-3112281130core:NetGoodwill2023-12-3112281130core:IntangibleAssetsOtherThanGoodwill2023-12-3112281130core:LandBuildings2023-12-3112281130core:PlantMachinery2023-12-3112281130core:Vehicles2023-12-3112281130core:FurnitureFittings2023-12-3112281130core:OfficeEquipment2023-12-3112281130core:AfterOneYear2023-12-3112281130core:WithinOneYear2023-12-3112281130core:ListedExchangeTraded2023-12-3112281130core:UnlistedNon-exchangeTraded2023-12-3112281130core:ShareCapital2023-12-3112281130core:SharePremium2023-12-3112281130core:RevaluationReserve2023-12-3112281130core:OtherReservesSubtotal2023-12-3112281130core:RetainedEarningsAccumulatedLosses2023-12-3112281130core:NetGoodwill2022-12-3112281130core:IntangibleAssetsOtherThanGoodwill2022-12-3112281130core:LandBuildings2022-12-3112281130core:PlantMachinery2022-12-3112281130core:Vehicles2022-12-3112281130core:FurnitureFittings2022-12-3112281130core:OfficeEquipment2022-12-3112281130core:AfterOneYear2022-12-3112281130core:WithinOneYear2022-12-3112281130core:ListedExchangeTraded2022-12-3112281130core:UnlistedNon-exchangeTraded2022-12-3112281130core:ShareCapital2022-12-3112281130core:SharePremium2022-12-3112281130core:RevaluationReserve2022-12-3112281130core:OtherReservesSubtotal2022-12-3112281130core:RetainedEarningsAccumulatedLosses2022-12-3112281130core:NetGoodwill2022-01-0112281130core:IntangibleAssetsOtherThanGoodwill2022-01-0112281130core:LandBuildings2022-01-0112281130core:PlantMachinery2022-01-0112281130core:Vehicles2022-01-0112281130core:FurnitureFittings2022-01-0112281130core:OfficeEquipment2022-01-0112281130core:AfterOneYear2022-01-0112281130core:WithinOneYear2022-01-0112281130core:ListedExchangeTraded2022-01-0112281130core:UnlistedNon-exchangeTraded2022-01-0112281130core:ShareCapital2022-01-0112281130core:SharePremium2022-01-0112281130core:RevaluationReserve2022-01-0112281130core:OtherReservesSubtotal2022-01-0112281130core:RetainedEarningsAccumulatedLosses2022-01-0112281130core:AfterOneYear2023-01-012023-12-3112281130core:WithinOneYear2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112281130core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112281130core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112281130core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3112281130core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3112281130core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3112281130bus:Director12023-01-012023-12-31

Graduation Limited

Registered Number
12281130
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Graduation Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Nicholas Lycett

Registered Address

7 Bell Yard
London
WC2A 2JR

Registered Number

12281130 (England and Wales)
Graduation Limited
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets313,6433,388
13,6433,388
Current assets
Debtors4191,986182,582
Cash at bank and on hand132,569251,126
324,555433,708
Creditors amounts falling due within one year5(827,453)(863,435)
Net current assets (liabilities)(502,898)(429,727)
Total assets less current liabilities(489,255)(426,339)
Provisions for liabilities6(3,411)-
Net assets(492,666)(426,339)
Capital and reserves
Called up share capital100100
Profit and loss account(492,766)(426,439)
Shareholders' funds(492,666)(426,339)
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
Nicholas Lycett
Director
Registered Company No. 12281130
Graduation Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the invoiced value of services and streaming income, excluding VAT. Streaming income is credited to the profit and loss account in the period to which it relates, or if it cannot be reliably estimated, on a receipts basis. Marketing sales are recognised when the services are delivered.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
The company is in a tax loss position and therefore there is no current tax expense and the company has losses to carry forward to the next reporting period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. No deferred tax asset has been provided for on the company's tax losses to carry forward.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
2.Average number of employees

20232022
Average number of employees during the year87
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 235,4395,439
Additions11,97011,970
At 31 December 2317,40917,409
Depreciation and impairment
At 01 January 232,0512,051
Charge for year1,7151,715
At 31 December 233,7663,766
Net book value
At 31 December 2313,64313,643
At 31 December 223,3883,388
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables59,73340,490
Other debtors72,924142,092
Prepayments and accrued income59,329-
Total191,986182,582
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables14,60931,870
Taxation and social security26,39228,987
Other creditors620,176556,328
Accrued liabilities and deferred income166,276246,250
Total827,453863,435
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,411-
Total3,411-
7.Controlling party
The company is controlled by its directors, who hold a majority of the voting rights. There is no ultimate controlling party beyond the directors, who collectively exercise control over the company.