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
Gravitas Build Limited
Company Information
for the period from 1 March 2023 to 28 February 2024
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
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
Gravitas Build Limited
Statement of financial position
as at 28 February 2024
Tangible assets
47,547
33,001
Cash at bank and in hand
53,500
93,000
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)
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
Gravitas Build Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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.
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.
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
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
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
At 28 February 2024
220
47,327
-
47,547
At 28 February 2023
660
32,341
-
33,001
Gravitas Build Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
Trade debtors
150,326
218,319
Accrued income and prepayments
538,948
-
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
7
Creditors: amounts falling due after more than one year
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).