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COMPANY REGISTRATION NUMBER: 06410051
GRADUAL DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
GRADUAL DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
Contents
Page
Balance sheet 1
Notes to the financial statements 2
GRADUAL DEVELOPMENTS LIMITED
BALANCE SHEET
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1
1
Current assets
Cash at bank and in hand
34,939
34,939
Creditors: amounts falling due within one year
5
( 47,182)
( 47,182)
------------
------------
Net current liabilities
( 12,243)
( 12,243)
------------
------------
Total assets less current liabilities
( 12,242)
( 12,242)
------------
------------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
( 12,342)
( 12,342)
------------
------------
Shareholders deficit
( 12,242)
( 12,242)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 November 2024 , and are signed on behalf of the board by:
G A C Ratcliffe
Director
Company registration number: 06410051
GRADUAL DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
4. Tangible assets
Computer equipment
£
Cost
At 1 May 2023 and 30 April 2024
1,000
------------
Depreciation
At 1 May 2023 and 30 April 2024
999
------------
Carrying amount
At 30 April 2024
1
------------
At 30 April 2023
1
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Director loan accounts
47,182
47,182
------------
------------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
7. Related party transactions
The director's loan of £47,182 (2023: £47,182) set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the director.