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REGISTERED NUMBER: 04211185 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

GRAVITY DESIGN LTD

GRAVITY DESIGN LTD (REGISTERED NUMBER: 04211185)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

GRAVITY DESIGN LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G.A. Evans





SECRETARY: Mrs K Evans





REGISTERED OFFICE: 2 Langler Road
London
NW10 5TL





REGISTERED NUMBER: 04211185 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

GRAVITY DESIGN LTD (REGISTERED NUMBER: 04211185)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252 623

CURRENT ASSETS
Debtors 5 30,654 111,622
Investments 6 44,313 44,313
Cash at bank 57,924 29,914
132,891 185,849
CREDITORS
Amounts falling due within one year 7 37,832 63,852
NET CURRENT ASSETS 95,059 121,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,311

122,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,211 122,520
SHAREHOLDERS' FUNDS 95,311 122,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:



G.A. Evans - Director


GRAVITY DESIGN LTD (REGISTERED NUMBER: 04211185)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Gravity Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost
Fixtures and fittings - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
Equipment fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 9,580 2,274 11,854
DEPRECIATION
At 1 April 2023 8,957 2,274 11,231
Charge for year 371 - 371
At 31 March 2024 9,328 2,274 11,602
NET BOOK VALUE
At 31 March 2024 252 - 252
At 31 March 2023 623 - 623

GRAVITY DESIGN LTD (REGISTERED NUMBER: 04211185)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,654 61,622
Other debtors 2,000 50,000
30,654 111,622

6. CURRENT ASSET INVESTMENTS

The company used some of its cash reserves to purchase investment gold.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 12,269 18,872
Other creditors 25,563 44,980
37,832 63,852

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Gravity Design Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gravity Design Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gravity Design Ltd in accordance with the terms of our engagement letter dated 30 June 2005. Our work has been undertaken solely to prepare for your approval the financial statements of Gravity Design Ltd and state those matters that we have agreed to state to the director of Gravity Design Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gravity Design Ltd and its director for our work or for this report.

It is your duty to ensure that Gravity Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gravity Design Ltd. You consider that Gravity Design Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gravity Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX


Date: .............................................