1 April 2024 false No description of principal activity Taxfiler 2024.6 10670044business:PrivateLimitedCompanyLtd2024-04-012025-03-31 106700442024-03-31 106700442024-04-012025-03-31 10670044business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 10670044business:FilletedAccounts2024-04-012025-03-31 106700442025-03-31 10670044business:Director12024-04-012025-03-31 10670044business:RegisteredOffice2024-04-012025-03-31 106700442024-03-31 10670044core:WithinOneYear2025-03-31 10670044core:WithinOneYear2024-03-31 10670044core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 10670044core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10670044core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 10670044core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10670044core:PreviouslyStatedAmount2025-03-31 10670044core:PreviouslyStatedAmount2024-03-31 10670044business:SmallEntities2024-04-012025-03-31 10670044countries:EnglandWales2024-04-012025-03-31 10670044core:PlantMachinery2024-04-012025-03-31 10670044core:PlantMachinery2024-03-31 10670044core:PlantMachinery2025-03-31 106700442023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10670044 (England and Wales)
Grabzit Limited Unaudited accounts for the year ended 31 March 2025
Grabzit Limited Unaudited accounts Contents
Page
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Grabzit Limited Company Information for the year ended 31 March 2025
Director
Mr Dominic Skinner
Company Number
10670044 (England and Wales)
Registered Office
63/66 Hatton Garden Fifth Floor, Suite 23 London EC1N 8LE England
Accountants
Accounting Wise Ltd 3 The Carriages Station Road Ware Hertfordshire SG129PL
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Grabzit Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
214 
385 
Current assets
Cash at bank and in hand
30,569 
22,503 
Creditors: amounts falling due within one year
(14,118)
(13,227)
Net current assets
16,451 
9,276 
Total assets less current liabilities
16,665 
9,661 
Provisions for liabilities
Deferred tax
(42)
(74)
Net assets
16,623 
9,587 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
16,613 
9,577 
Shareholders' funds
16,623 
9,587 
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 11 June 2025 and were signed on its behalf by
Mr Dominic Skinner Director Company Registration No. 10670044
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Grabzit Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Grabzit Limited is a private company, limited by shares, registered in England and Wales, registration number 10670044. The registered office is 63/66 Hatton Garden, Fifth Floor, Suite 23, London, EC1N 8LE, England.
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
4 Years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2024
684 
At 31 March 2025
684 
Depreciation
At 1 April 2024
299 
Charge for the year
171 
At 31 March 2025
470 
Net book value
At 31 March 2025
214 
At 31 March 2024
385 
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Grabzit Limited Notes to the Accounts for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
- 
574 
Taxes and social security
4,200 
3,047 
Loans from directors
9,918 
9,606 
14,118 
13,227 
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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