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Registered number: 03684578
Graphictrail Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03684578
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 560,520 567,117
Tangible Assets 5 51,461 70,785
611,981 637,902
CURRENT ASSETS
Stocks 6 273,539 288,823
Debtors 7 534,379 438,921
Cash at bank and in hand 13,792 208,886
821,710 936,630
Creditors: Amounts Falling Due Within One Year 8 (1,707,449 ) (1,993,500 )
NET CURRENT ASSETS (LIABILITIES) (885,739 ) (1,056,870 )
TOTAL ASSETS LESS CURRENT LIABILITIES (273,758 ) (418,968 )
NET LIABILITIES (273,758 ) (418,968 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (273,858 ) (419,068 )
SHAREHOLDERS' FUNDS (273,758) (418,968)
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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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Hiren Patel
Director
Baldev Bange
Director
Nicky Patel
Director
16/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Graphictrail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03684578 . The registered office is St. James House, 65 Mere Green Road, Sutton Coldfield, West Midlands, B75 5BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line over the life of the lease
Motor Vehicles 25% on a straight line basis
Fixtures & Fittings 10% - 50% on a straight line basis
Computer Equipment 25% on a straight line basis
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2024: 38)
36 38
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 3,070,832 7,500 3,078,332
Additions - 26,208 26,208
As at 31 March 2025 3,070,832 33,708 3,104,540
Amortisation
As at 1 April 2024 2,510,700 515 2,511,215
Provided during the period 32,210 595 32,805
As at 31 March 2025 2,542,910 1,110 2,544,020
Net Book Value
As at 31 March 2025 527,922 32,598 560,520
As at 1 April 2024 560,132 6,985 567,117
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5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 142,785 38,995 427,899 6,816 616,495
Disposals - - (50 ) - (50 )
As at 31 March 2025 142,785 38,995 427,849 6,816 616,445
Depreciation
As at 1 April 2024 130,209 7,559 406,109 1,833 545,710
Provided during the period 1,481 12,997 3,140 1,704 19,322
Disposals - - (48 ) - (48 )
As at 31 March 2025 131,690 20,556 409,201 3,537 564,984
Net Book Value
As at 31 March 2025 11,095 18,439 18,648 3,279 51,461
As at 1 April 2024 12,576 31,436 21,790 4,983 70,785
6. Stocks
2025 2024
£ £
Finished goods 273,539 288,823
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,666 350,454
Amounts owed by participating interests 27,546 -
Other debtors 498,167 88,467
534,379 438,921
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 546,280 562,634
Amounts owed to group undertakings 1,116,990 1,393,193
Amounts owed to participating interests - 2,454
Other creditors 11,582 23,896
Taxation and social security 32,597 11,323
1,707,449 1,993,500
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The company owes £1,116,990 (2024 £1,393,193) to its parent company Amber Pharm Ltd.
The company is owed £27,546 (2024 owing £2,454) by NH Pharm Ltd a company with two common directors.
11. Ultimate Controlling Party
The company's ultimate controlling party is Amber Pharm Ltd by virtue of its ownership of 100% of the issued share capital in the company.
12. Going concern
The company is dependent on the continued support of its parent company. The parent company has indicated that support will continue for the foreseeable future and so the directors have adopted the going concern basis in preparing the financial statements.
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