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REGISTERED NUMBER: 08845719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Gravitec Sensor Systems Ltd

Gravitec Sensor Systems Ltd (Registered number: 08845719)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gravitec Sensor Systems Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S J Fraser





SECRETARY: Mr C Hayley





REGISTERED OFFICE: Lewis House
Grerat Chesterford Court
Great Chesterford
Saffron Walden
Essex
CB10 1PF





BUSINESS ADDRESS: 33 Clarendon Road
London
W11 4JB





REGISTERED NUMBER: 08845719 (England and Wales)

Gravitec Sensor Systems Ltd (Registered number: 08845719)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 4,253 4,253
Cash at bank 3 3
4,256 4,256
CREDITORS
Amounts falling due within one year 6 8,133 7,769
NET CURRENT LIABILITIES (3,877 ) (3,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,877

)

(3,513

)

CREDITORS
Amounts falling due after more than one
year

7

43,261

41,568
NET LIABILITIES (47,138 ) (45,081 )

CAPITAL AND RESERVES
Called up share capital 4,555 4,555
Share premium 69,698 69,698
Retained earnings (121,391 ) (119,334 )
(47,138 ) (45,081 )

Gravitec Sensor Systems Ltd (Registered number: 08845719)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr S J Fraser - Director


Gravitec Sensor Systems Ltd (Registered number: 08845719)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Gravitec Sensor Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern
The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,253 4,253

Gravitec Sensor Systems Ltd (Registered number: 08845719)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 8,133 7,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 43,261 41,568

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures more 5yr non-instal 43,261 41,568

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Debentures 43,261 41,568

A floating and fixed charge was placed on 30 December 2014 covering all the property or undertaking of the company containing a negative pledge.