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REGISTERED NUMBER: 06935432 (England and Wales)








GRAPHITE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






GRAPHITE LTD (REGISTERED NUMBER: 06935432)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

GRAPHITE LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: S Pini





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 06935432 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

GRAPHITE LTD (REGISTERED NUMBER: 06935432)

BALANCE SHEET
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 4,118 4,448

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 21,604 22,233
Cash at bank 411,986 432,220
435,090 455,953
CREDITORS
Amounts falling due within one year 6 (68,270 ) (139,347 )
NET CURRENT ASSETS 366,820 316,606
TOTAL ASSETS LESS CURRENT LIABILITIES 370,938 321,054

PROVISIONS FOR LIABILITIES (1,110 ) (1,110 )
NET ASSETS 369,828 319,944

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 30 30
Retained earnings 369,728 319,844
SHAREHOLDERS' FUNDS 369,828 319,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GRAPHITE LTD (REGISTERED NUMBER: 06935432)

BALANCE SHEET - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





S Pini - Director


GRAPHITE LTD (REGISTERED NUMBER: 06935432)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Graphite 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. The company's principal place of business is Greenways Studios, Lower Eashing, Godalming, Surrey, GU7 2QF.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102 1A) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Unless indicated otherwise in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of consideration received or receivable net of Value Added Tax for sale of goods and/or services in the ordinary nature of business. Turnover from the sales of services is recognised based on the stage of completion where the outcome of the contract can be assessed with reasonable certainty.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% straight line
Fixtures and fittings - 20% straight line

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease. The benefits of lease incentives are recognised in the profit and loss account over the lease period.

GRAPHITE LTD (REGISTERED NUMBER: 06935432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified by the directors as basic or non-basic, following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company has no non-basic financial instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 16,294
Additions 2,800
Disposals (8,605 )
At 30 June 2024 10,489
DEPRECIATION
At 1 July 2023 11,846
Charge for year 2,874
Eliminated on disposal (8,349 )
At 30 June 2024 6,371
NET BOOK VALUE
At 30 June 2024 4,118
At 30 June 2023 4,448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 14,160 7,275
Other debtors 7,444 14,958
21,604 22,233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 11,292 12,379
Taxation and social security 45,802 36,648
Other creditors 11,176 90,320
68,270 139,347

GRAPHITE LTD (REGISTERED NUMBER: 06935432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 11,410 6,656
Between one and five years 6,656 -
18,066 6,656

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year advances of £66,746 were made to a director and £26,477 was repaid. At the year end the director owed the company £780 (2023: owed to £39,489).The balance is repayable on demand.

9. POST BALANCE SHEET EVENTS

In October 2024, the company bought back from reserves 35 of the 70 ordinary shares for £150,000. This transaction is a non-adjusting event and has no impact on the amounts recognised in the financial statements as of the reporting date.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRAPHITE 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 Graphite Ltd for the year ended 30 June 2024 which comprise the Profit and Loss Account, 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 Graphite Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graphite Ltd and state those matters that we have agreed to state to the director of Graphite 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 Graphite Ltd and its director for our work or for this report.

It is your duty to ensure that Graphite 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 profit of Graphite Ltd. You consider that Graphite 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 Graphite 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


14 March 2025