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
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
Gradient Power Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
24,737
2,206
Cash at bank and in hand
94,467
28,712
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
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
Gradient Power Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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Tangible fixed assets
Plant & machinery
Gradient Power Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
42,005
3,450
Accrued income and prepayments
6,264
1,363
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
39,786
3,630
Loans from directors
83,300
11,977
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Deferred taxation
2024
2023
Accelerated capital allowances
4,700
419
Provision at start of year
419
-
Charged to the profit and loss account
4,281
419
Provision at end of year
4,700
419
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 0).