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Company Registration No. 08888422 (England and Wales)
Gravitas Build Limited Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Gravitas Build Limited Unaudited accounts Contents
Page
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Gravitas Build Limited Company Information for the period from 1 March 2023 to 28 February 2024
Director
Victoria Butcher
Company Number
08888422 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU UNITED KINGDOM
Accountants
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW
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Gravitas Build Limited Accountants' report
Accountants' report to the director of Gravitas Build Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period from 1 March 2023 to 28 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the period from 1 March 2023 to 28 February 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW 29 November 2024
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Gravitas Build Limited Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,547 
33,001 
Current assets
Inventories
136,000 
- 
Debtors
768,992 
307,582 
Cash at bank and in hand
53,500 
93,000 
958,492 
400,582 
Creditors: amounts falling due within one year
(840,387)
(342,647)
Net current assets
118,105 
57,935 
Total assets less current liabilities
165,652 
90,936 
Creditors: amounts falling due after more than one year
(30,920)
(37,343)
Net assets
134,732 
53,593 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
134,731 
53,592 
Shareholders' funds
134,732 
53,593 
For the period ending 28 February 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 director acknowledges her 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Victoria Butcher Director Company Registration No. 08888422
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Gravitas Build Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Gravitas Build Limited is a private company, limited by shares, registered in England and Wales, registration number 08888422. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, UNITED KINGDOM.
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 period, 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
20% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
2,200 
52,601 
2,800 
57,601 
Additions
- 
31,883 
- 
31,883 
At 28 February 2024
2,200 
84,484 
2,800 
89,484 
Depreciation
At 1 March 2023
1,540 
20,260 
2,800 
24,600 
Charge for the period
440 
16,897 
- 
17,337 
At 28 February 2024
1,980 
37,157 
2,800 
41,937 
Net book value
At 28 February 2024
220 
47,327 
- 
47,547 
At 28 February 2023
660 
32,341 
- 
33,001 
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Gravitas Build Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
79,717 
89,262 
Trade debtors
150,326 
218,319 
Accrued income and prepayments
538,948 
- 
Other debtors
1 
1 
768,992 
307,582 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,117 
23,718 
Trade creditors
499,525 
87,915 
Taxes and social security
253,861 
96,009 
Other creditors
53,676 
83,624 
Loans from directors
18,208 
51,381 
840,387 
342,647 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,920 
37,343 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the period the average number of employees was 9 (2023: 7).
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