Company registration number 7610494 (England and Wales)
GRADIENT FORCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
GRADIENT FORCE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GRADIENT FORCE LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
351
439
Current assets
Debtors
4
1,393
1,460
Cash at bank and in hand
492
1,606
1,885
3,066
Creditors: amounts falling due within one year
5
(4,505)
(5,700)
Net current liabilities
(2,620)
(2,634)
Net liabilities
(2,269)
(2,195)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(2,369)
(2,295)
Total equity
(2,269)
(2,195)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 December 2024
Mr S Pike
Director
Company Registration No. 7610494
GRADIENT FORCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Gradient Force Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 252 Agar Road, Redruth, Cornwall, United Kingdom, TR15 3NJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
At the year end, the company had net liabilities, however the director has confirmed his continued financial support until such time that the financial position improves. The director therefore consider it appropriate to prepare the financial statements on a going concern basis.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
GRADIENT FORCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 1 May 2023 and 30 April 2024
549
Depreciation and impairment
At 1 May 2023
110
Depreciation charged in the year
88
At 30 April 2024
198
Carrying amount
At 30 April 2024
351
At 30 April 2023
439
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
800
Other debtors
1,393
660
1,393
1,460
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
3,481
4,723
Accruals and deferred income
1,024
977
4,505
5,700
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
80
80
80
80
Ordinary B Shares of £1 each
20
20
20
20
100
100
100
100
7
Related party transactions
At 30 April 2024, a total of £1,393 (2023: £660) was owed by Craigie Mill Limited. Stuart Pike is also a Director in Craigie Mill Limited.