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Company Registration No. 7406526 (England and Wales)
Grip Media Limited Unaudited accounts for the year ended 31 August 2024
Grip Media Limited Unaudited accounts Contents
Page
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Grip Media Limited Company Information for the year ended 31 August 2024
Directors
Mr Owen Burek Mr Jake Butler
Company Number
7406526 (England and Wales)
Registered Office
4th Floor, Silverstream House 45 Fitzroy St, Fitzrovia, London W1T 6EB
Accountants
Spurling & Co Limited 36 Mossgrove Road Timperley Altrincham Cheshire WA15 6LF
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Grip Media Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,167 
22,259 
Current assets
Debtors
12,405 
12,093 
Cash at bank and in hand
303,747 
484,660 
316,152 
496,753 
Creditors: amounts falling due within one year
(97,039)
(137,358)
Net current assets
219,113 
359,395 
Total assets less current liabilities
229,280 
381,654 
Provisions for liabilities
Deferred tax
(2,542)
(4,229)
Net assets
226,738 
377,425 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
226,638 
377,325 
Shareholders' funds
226,738 
377,425 
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 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 of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Mr Owen Burek Director Company Registration No. 7406526
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Grip Media Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Grip Media Limited is a private company, limited by shares, registered in England and Wales, registration number 7406526. The registered office is 4th Floor, Silverstream House, 45 Fitzroy St, Fitzrovia, , London, W1T 6EB.
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.
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
7 years straight line
Motor vehicles
5 years straight line
Fixtures & fittings
7 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
20,790 
48,907 
5,406 
75,103 
Additions
2,406 
- 
- 
2,406 
At 31 August 2024
23,196 
48,907 
5,406 
77,509 
Depreciation
At 1 September 2023
11,078 
36,681 
5,085 
52,844 
Charge for the year
1,127 
12,226 
1,145 
14,498 
At 31 August 2024
12,205 
48,907 
6,230 
67,342 
Net book value
At 31 August 2024
10,991 
- 
(824)
10,167 
At 31 August 2023
9,712 
12,226 
321 
22,259 
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Grip Media Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,527 
3,064 
Accrued income and prepayments
8,878 
9,029 
12,405 
12,093 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,888 
6,096 
Taxes and social security
88,651 
129,761 
Accruals
1,500 
1,501 
97,039 
137,358 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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