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Registered Number: 11814736
England and Wales

 

 

 

GRID SPACE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
SD COMMITMENT LTD
28 February 2024



....................................................

SD COMMITMENT LTD

20-22
wenlock road
N1 7GU
29 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3   (510)
Tangible fixed assets 4   (691)
  (1,201)
Current assets      
Cash at bank and in hand 5,814    2,805 
Creditors: amount falling due within one year (4,122)   (1)
Net current assets 1,692    2,804 
 
Total assets less current liabilities 1,692    1,603 
Net assets 1,692    1,603 
 

Capital and reserves
     
Profit and loss account 1,692    1,603 
Shareholders' funds 1,692    1,603 
 


For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 November 2024 and were signed on its behalf by:


-------------------------------
Celina Izabel Do Nascimento Cabral
Director
2
General Information
GRID SPACE LTD is a private company, limited by shares, registered in England and Wales, registration number 11814736, registration address 20-22 Wenlock Road, London, N1 7GU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 1 Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 March 2023 170    170 
Additions  
Disposals  
At 28 February 2024 170    170 
Amortisation
At 01 March 2023 170    170 
Charge for year  
On disposals  
At 28 February 2024 170    170 
Net book values
At 28 February 2024  
At 28 February 2023  


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2023 346    346 
Additions  
Disposals  
At 28 February 2024 346    346 
Depreciation
At 01 March 2023 346    346 
Charge for year  
On disposals  
At 28 February 2024 346    346 
Net book values
Closing balance as at 28 February 2024  
Opening balance as at 01 March 2023 (691)   (691)


3