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
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
Grip Media Limited
Statement of financial position
as at 31 August 2024
Tangible assets
10,167
22,259
Cash at bank and in hand
303,747
484,660
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
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
Grip Media Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
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
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
At 31 August 2024
23,196
48,907
5,406
77,509
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
At 31 August 2024
10,991
-
(824)
10,167
At 31 August 2023
9,712
12,226
321
22,259
Grip Media Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
8,878
9,029
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
88,651
129,761
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).