Graphics Shack Ltd,Ltd - AccountsLtd - Accounts

Graphics Shack Ltd,Ltd - AccountsLtd - Accounts

GRAPHICS SHACK LTD - Company Information

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2021-09-01 08185392 2022-08-31 08185392 2021-09-01 2022-08-31 08185392 2021-08-31 08185392 2020-09-01 2021-08-31 08185392 uk-core:WithinOneYear 2021-08-31 08185392 uk-core:WithinOneYear 2022-08-31 08185392 uk-core:AfterOneYear 2021-08-31 08185392 uk-core:AfterOneYear 2022-08-31 08185392 uk-core:ShareCapital 2022-08-31 08185392 uk-core:ShareCapital 2021-08-31 08185392 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 08185392 uk-core:RetainedEarningsAccumulatedLosses 2021-08-31 08185392 uk-bus:Director1 2021-09-01 2022-08-31 08185392 uk-core:NetGoodwill 2021-09-01 2022-08-31 08185392 uk-core:PlantMachinery 2021-09-01 2022-08-31 08185392 uk-core:ToolsEquipment 2021-09-01 2022-08-31 08185392 uk-core:FurnitureFittings 2021-09-01 2022-08-31 08185392 uk-core:Goodwill 2021-08-31 08185392 uk-core:Goodwill 2022-08-31 08185392 uk-core:ToolsEquipment 2021-08-31 08185392 uk-core:FurnitureFittings 2021-08-31 08185392 uk-core:PlantMachinery 2021-08-31 08185392 uk-core:PlantMachinery 2022-08-31 08185392 uk-core:FurnitureFittings 2022-08-31 08185392 uk-core:ToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure 08185392 uk-bus:AuditExemptWithAccountantsReport 2021-09-01 2022-08-31 08185392 uk-bus:FRS102 2021-09-01 2022-08-31 08185392 uk-bus:FullAccounts 2021-09-01 2022-08-31 08185392 uk-bus:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31
Graphics Shack Ltd
Registered Number:08185392
For the year ended 31 August 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2022
Graphics Shack Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08185392
As at 31 August 2022
Graphics Shack Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
2,698
3,603
3
2,698
3,603
Current assets
Inventories
1,000
1,000
4
Trade and other receivables
11,338
5,008
5
34,653
Cash and cash equivalents
33,270
39,278
46,991
Trade and other payables: amounts falling due within one
year
(14,502)
(11,528)
6
32,489
27,750
Net current assets
Total assets less current liabilities
30,448
36,092
Trade and other payables: amounts falling due after more
than one year
(7,314)
(9,938)
7
20,510
Net assets
28,778
Capital and reserves
Called up share capital
30
30
Retained earnings
20,480
28,748
20,510
28,778
Shareholders' funds
For the year ended 31 August 2022 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 of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven Hastings Director
These financial statements were approved and authorised for issue by the Board on 05 September 2022 and were signed by:
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4
Registered Number :
08185392
For the year ended 31 August 2022
Graphics Shack Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 August 2022
Graphics Shack Ltd
Notes to the Financial Statements
Statutory Information
Graphics Shack Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08185392.
Principal place of business:
Unit 6, Hurst Farm
Crosshands
Lydney
Gloucestershire
GL15 4LH
Registered address:
33 Main Road
Portskewett
Caldicot
Monmouthshire
NP26 5SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
For the year ended 31 August 2022
Graphics Shack Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2021
31,800
At 31 August 2022
31,800
Amortisation
At 01 September 2021
31,800
At 31 August 2022
31,800
Net book value
At 31 August 2022
-
At 31 August 2021
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 September 2021
25,245
3,513
265
21,467
At 31 August 2022
21,467
265
3,513
25,245
Provision for depreciation and impairment
At 01 September 2021
21,642
3,156
248
18,238
Charge for year
905
89
9
807
At 31 August 2022
22,547
3,245
257
19,045
At 31 August 2022
Net book value
2,422
8
268
2,698
At 31 August 2021
3,229
17
357
3,603
4. Inventories
2021
2022
£
£
Stocks
1,000
1,000
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7
For the year ended 31 August 2022
Graphics Shack Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2021
2022
£
£
Trade debtors
4,806
11,119
Other debtors
202
219
11,338
5,008
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
181
364
Taxation and social security
10,099
12,950
Other creditors
1,248
1,188
11,528
14,502
7. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Other creditors
9,938
7,314
8. Average number of persons employed
During the year the average number of employees was 3 (2021 : 3)
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