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COMPANY REGISTRATION NUMBER: 07473251
Graphite Global Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Graphite Global Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
597,026
577,143
Current assets
Debtors
5
1,403
2,818
Cash at bank and in hand
7,463
24,434
-------
--------
8,866
27,252
Creditors: amounts falling due within one year
6
127,882
127,772
----------
----------
Net current liabilities
119,016
100,520
----------
----------
Total assets less current liabilities
478,010
476,623
Creditors: amounts falling due after more than one year
7
351,176
346,994
----------
----------
Net assets
126,834
129,629
----------
----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
126,833
129,628
----------
----------
Shareholders funds
126,834
129,629
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Graphite Global Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:
J L Barker
J Barker
Director
Director
Company registration number: 07473251
Graphite Global Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kennels Farm, Rigg Lane, East Hardwick, Pontefract, West Yorkshire, WF8 3EF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial Statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for services rendered, net of discounts and of Value Added Tax.
(c) Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
50% straight line
(f) Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 January 2024
576,795
9,816
586,611
Additions
20,231
20,231
----------
-------
----------
At 31 December 2024
597,026
9,816
606,842
----------
-------
----------
Depreciation
At 1 January 2024
9,468
9,468
Charge for the year
348
348
----------
-------
----------
At 31 December 2024
9,816
9,816
----------
-------
----------
Carrying amount
At 31 December 2024
597,026
597,026
----------
-------
----------
At 31 December 2023
576,795
348
577,143
----------
-------
----------
The investment properties were purchased in 2023. Investment property was subsequently valued in December 2024 by the directors, who have experience in the location and category of the investment property being valued. They consider there has been no change in the property values and they continue to be recorded at cost.
5. Debtors
2024
2023
£
£
Trade debtors
1,311
2,730
Other debtors
92
88
-------
-------
1,403
2,818
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,182
1,140
Directors loan accounts
126,700
126,632
----------
----------
127,882
127,772
----------
----------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
351,176
346,994
----------
----------
8. Related party transactions
During the year the director made available loans to the company. The loans are interest free and repayable on demand. At 31 December 2024 the balance due to the director totalled £ 126,700 (2023: £ 126,632 ).