Company Registration No. 10670044 (England and Wales)
Grabzit Limited
Unaudited accounts
for the year ended 31 March 2026
Grabzit Limited
Unaudited accounts
Contents
Grabzit Limited
Company Information
for the year ended 31 March 2026
Director
Mr Dominic Skinner
Company Number
10670044 (England and Wales)
Registered Office
Office 18106
182-184 High Street North
London
E6 2JA
United Kingdom
Accountants
Accounting Wise Ltd
3 The Carriages
Station Road
Ware
Hertfordshire
SG129PL
Grabzit Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
27,386
30,569
Creditors: amounts falling due within one year
(11,158)
(14,118)
Net current assets
16,228
16,451
Total assets less current liabilities
16,271
16,665
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
16,253
16,613
Shareholders' funds
16,263
16,623
For the year ending 31 March 2026 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 20 May 2026 and were signed on its behalf by
Mr Dominic Skinner
Director
Company Registration No. 10670044
Grabzit Limited
Notes to the Accounts
for the year ended 31 March 2026
Grabzit Limited is a private company, limited by shares, registered in England and Wales, registration number 10670044. The registered office is Office 18106, 182-184 High Street North, London, E6 2JA, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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.
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Tangible fixed assets
Plant & machinery
Grabzit Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
2,875
4,200
Loans from directors
8,283
9,918
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Average number of employees
During the year the average number of employees was 1 (2025: 1).