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Company Registration No. 14446734 (England and Wales)
Gradient Power Ltd Unaudited accounts for the year ended 31 October 2024
Gradient Power Ltd Unaudited accounts Contents
Page
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Gradient Power Ltd Company Information for the year ended 31 October 2024
Directors
Chris Luke Vinod Hulgur
Company Number
14446734 (England and Wales)
Registered Office
135 Park Lane Macclesfield SK11 6UB England
Accountants
Batesons Management Services Ltd 2 Statham Court Statham Street Macclesfield Cheshire SK11 6XN
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Gradient Power Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,737 
2,206 
Current assets
Inventories
13,311 
- 
Debtors
48,269 
4,813 
Cash at bank and in hand
94,467 
28,712 
156,047 
33,525 
Creditors: amounts falling due within one year
(138,906)
(17,951)
Net current assets
17,141 
15,574 
Total assets less current liabilities
41,878 
17,780 
Provisions for liabilities
Deferred tax
(4,700)
(419)
Net assets
37,178 
17,361 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
37,078 
17,261 
Shareholders' funds
37,178 
17,361 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Vinod Hulgur Director Company Registration No. 14446734
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Gradient Power Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Gradient Power Ltd is a private company, limited by shares, registered in England and Wales, registration number 14446734. The registered office is 135 Park Lane, Macclesfield, SK11 6UB, England.
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:
Plant & machinery
15% Reducing Balance Basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
2,353 
Additions
23,694 
At 31 October 2024
26,047 
Depreciation
At 1 November 2023
147 
Charge for the year
1,163 
At 31 October 2024
1,310 
Net book value
At 31 October 2024
24,737 
At 31 October 2023
2,206 
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Gradient Power Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,005 
3,450 
Accrued income and prepayments
6,264 
1,363 
48,269 
4,813 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,160 
1,394 
Taxes and social security
39,786 
3,630 
Loans from directors
83,300 
11,977 
Accruals
1,660 
950 
138,906 
17,951 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,700 
419 
2024 
2023 
£ 
£ 
Provision at start of year
419 
- 
Charged to the profit and loss account
4,281 
419 
Provision at end of year
4,700 
419 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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