REGISTERED NUMBER: 07654104 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Granular IT Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Hasheem Noorali Maloo

Mr Vishal Shah

SECRETARY:

Mrs Jamila Hasheem Maloo

REGISTERED OFFICE:

5-6 Underhill Street

Camden

London

NW1 7HS

REGISTERED NUMBER:

07654104 (England and Wales)

FIXED ASSETS

Tangible assets

4

7,899

-

7,899

-

CURRENT ASSETS

Debtors

5

12,902

30,158

Cash at bank

35,773

36,464

48,675

66,622

CREDITORS

Amounts falling due within one year

6

79,676

75,919

NET CURRENT LIABILITIES

(31,001

)

(9,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,102

)

(9,297

)

PROVISIONS FOR LIABILITIES

1,501

-

NET LIABILITIES

(24,603

)

(9,297

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(24,803

)

(9,497

)

SHAREHOLDERS' FUNDS

(24,603

)

(9,297

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr Hasheem Noorali Maloo - Director

1.	STATUTORY INFORMATION

Granular IT Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

10,313

Additions

8,414

At 30 June 2025

18,727

DEPRECIATION

At 1 July 2024

10,313

Charge for year

515

At 30 June 2025

10,828

NET BOOK VALUE

At 30 June 2025

7,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

12,362

29,888

Other debtors

540

270

12,902

30,158

During the year ended 30 April 2025, Granular IT Ltd has provided interest free loan of £540 to Granular IT Kenya Ltd. This loans is repayable on demand, hence the amount is being reflected accordingly under Debtors falling due within one year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

12

(1,533

)

Taxation and social security

16,301

13,767

Other creditors

63,363

63,685

79,676

75,919

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 30 June 2025, Granular IT Ltd owed £62,835 to its director. This amount is reflected in the director`s loan accounts in credit balance, which is shown as part of Other Creditors under Creditors due within one year. Please be advised that the director has agreed to provide this loan on an interest free basis and the loan is repayable on demand.

8.	RELATED PARTY DISCLOSURES

During the year ended 30 June 2025, Granular IT Ltd received outsourcing services of £90,322 from a related company. These services were provided on commercial terms and were charged at fair value, being transaction done at arm's length.