Grillatech Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08990945

Grillatech Ltd

Filleted Unaudited Financial Statements

31 December 2024

Grillatech Ltd

Statement of Financial Position

31 December 2024

	31 Dec 24	31 Jul 23
Note	£	£

Fixed assets

Intangible assets	5	614	767
Tangible assets	6	194,954	301,240
		---------	---------
		195,568	302,007

Current assets

Debtors	7	159,759	294,749
Cash at bank and in hand		183,624	425,591
		---------	---------
		343,383	720,340

Creditors: amounts falling due within one year	8	156,525	253,633
		---------	---------
Net current assets		186,858	466,707
		---------	---------
Total assets less current liabilities		382,426	768,714

Creditors: amounts falling due after more than one year	9	169,510	217,371

Provisions

Taxation including deferred tax	48,738	75,310
	---------	---------
Net assets	164,178	476,033
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	164,176	476,031
	---------	---------
Shareholders funds	164,178	476,033
	---------	---------

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 period 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 members have not required the company to obtain an audit of its financial statements for the period 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 .

Grillatech Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr D Stanley

Director

Company registration number: 08990945

Grillatech Ltd

Notes to the Financial Statements

Period from 1 August 2023 to 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 20-22 Wenlock Road, London, N1 7GU, England.

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

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred.

Tangible assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	20% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 13 (2023: 10 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 August 2023 and 31 December 2024	1,083
	-------
Amortisation
At 1 August 2023	316
Charge for the period	153
	-------
At 31 December 2024	469
	-------
Carrying amount
At 31 December 2024	614
	-------
At 31 July 2023	767
	-------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 August 2023 and 31 December 2024	295,559	8,137	303,696
	---------	-------	---------
Depreciation
At 1 August 2023	–	2,456	2,456
Charge for the period	104,677	1,609	106,286
	---------	-------	---------
At 31 December 2024	104,677	4,065	108,742
	---------	-------	---------
Carrying amount
At 31 December 2024	190,882	4,072	194,954
	---------	-------	---------
At 31 July 2023	295,559	5,681	301,240
	---------	-------	---------

7. Debtors

	31 Dec 24	31 Jul 23
	£	£
Trade debtors	129,353	284,749
Other debtors	30,406	10,000
	---------	---------
	159,759	294,749
	---------	---------

8. Creditors: amounts falling due within one year

	31 Dec 24	31 Jul 23
	£	£
Bank loans and overdrafts	6,389	6,389
Trade creditors	54,305	83,282
Corporation tax	–	30,406
Social security and other taxes	53,756	80,321
Other creditors	42,075	53,235
	---------	---------
	156,525	253,633
	---------	---------

9. Creditors: amounts falling due after more than one year

	31 Dec 24	31 Jul 23
	£	£
Bank loans and overdrafts	6,485	14,436
Other creditors	163,025	202,935
	---------	---------
	169,510	217,371
	---------	---------