1 September 2023 false No description of principal activity Hypertax 2024.01 12174622business:PrivateLimitedCompanyLtd2023-09-012024-08-31 12174622business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 12174622business:FullAccounts2023-09-012024-08-31 121746222023-09-012024-08-31 121746222024-08-31 121746222022-03-31 121746222022-09-012023-08-31 121746222023-08-31 12174622business:Director12023-09-012024-08-31 12174622business:RegisteredOffice2023-09-012024-08-31 12174622core:WithinOneYear2024-08-31 12174622core:WithinOneYear2023-08-31 12174622core:AfterOneYear2024-08-31 12174622core:AfterOneYear2023-08-31 12174622core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 12174622core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12174622core:SharePremiumcore:PreviouslyStatedAmount2024-08-31 12174622core:SharePremiumcore:PreviouslyStatedAmount2023-08-31 12174622core:RevaluationReservecore:PreviouslyStatedAmount2024-08-31 12174622core:RevaluationReservecore:PreviouslyStatedAmount2023-08-31 12174622core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-08-31 12174622core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-08-31 12174622core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-08-31 12174622core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-08-31 12174622core:CapitalContributionReservecore:PreviouslyStatedAmount2024-08-31 12174622core:CapitalContributionReservecore:PreviouslyStatedAmount2023-08-31 12174622core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 12174622core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12174622core:PreviouslyStatedAmount2024-08-31 12174622core:PreviouslyStatedAmount2023-08-31 12174622business:SmallEntities2023-09-012024-08-31 12174622core:LandBuildings2023-09-012024-08-31 12174622core:PlantMachinery2023-09-012024-08-31 12174622core:MotorVehicles2023-09-012024-08-31 12174622core:FurnitureFittings2023-09-012024-08-31 12174622core:ComputerEquipment2023-09-012024-08-31 12174622core:OtherPropertyPlantEquipment2023-09-012024-08-31 12174622core:LandBuildings2023-08-31 12174622core:PlantMachinery2023-08-31 12174622core:MotorVehicles2023-08-31 12174622core:FurnitureFittings2023-08-31 12174622core:ComputerEquipment2023-08-31 12174622core:LandBuildings2024-08-31 12174622core:PlantMachinery2024-08-31 12174622core:MotorVehicles2024-08-31 12174622core:FurnitureFittings2024-08-31 12174622core:ComputerEquipment2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 12174622 (England & Wales)
Graft & Skill Limited
Unaudited Accounts
for the year ended 31 August 2024
Graft & Skill Limited
Statement of financial position
as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
-
921
-
921
Current assets
Debtors
5
2,993
7,066
Cash at bank and in hand
4,817
3,412
7,810
10,478
Creditors: amounts falling due within one year
6
(4,439)
(3,791)
Net current assets
3,371
6,687
Total assets less current liabilities
3,371
7,608
Net assets
3,371
7,608
Capital and reserves
Called up share capital
1
1
Profit and loss account
3,370
7,607
Shareholder funds
3,371
7,608
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared 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 financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by .............................................................. Graham Ridpath Director Company Registration Number: 12174622
Graft & Skill Limited
Notes to the Accounts
for the year ended 31 August 2024
1. Statutory information
Graft & Skill Limited is a private company, limited by guarantee, registered in England & Wales, registration number 12174622. The registered office is 78, Fairfax Road, London, N8 0NL.
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 year, 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.
4. Tangible fixed assets
Computer
Total
equipment
£
£
Cost or valuation
At cost
At 1 September 2023
4,256
4,256
At 31 August 2024
4,256
4,256
Depreciation
At 1 September 2023
3,335
3,335
Charge for the year
921
921
At 31 August 2024
4,256
4,256
Net book value
At 31 August 2024
-
-
At 31 August 2023
921
921
5. Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,740
5,813
Accrued income and prepayments
1,253
1,253
2,993
7,066
6. Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
3,787
2,328
Loans from directors
4
887
Accruals
648
576
4,439
3,791
Graft & Skill Limited
Notes to the Accounts (cont.)
for the year ended 31 August 2024
7. Average number of employees
During the year the average number of employees was 1 (2023: 1).