Graffica Facilities Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11154265 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Graffica Facilities Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Ballone

M T Vere

REGISTERED OFFICE:

Falstaff House

Enigma Commercial Centre

Sandy's Road

Malvern

Worcestershire

WR14 1JJ

REGISTERED NUMBER:

11154265 (England and Wales)

ACCOUNTANTS:

Charles Hinitt & Associates Limited

Chartered Certified Accountants

48 Belle Vue Terrace

Malvern

Worcestershire

WR14 4QG

FIXED ASSETS

Tangible assets

4

635,275

268,585

CURRENT ASSETS

Debtors

19,606

331

Cash at bank

445,608

746,257

465,214

746,588

CREDITORS

Amounts falling due within one year

1,079,890

1,019,873

NET CURRENT LIABILITIES

(614,676

)

(273,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,599

(4,700

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,499

(4,800

)

SHAREHOLDERS' FUNDS

20,599

(4,700

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 April 2022 and were signed on its behalf by:

M Ballone - Director

M T Vere - Director

1.	STATUTORY INFORMATION

Graffica Facilities 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.

Land and buildings

-

not provided

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2020

268,585

Additions

366,690

At 30 September 2021

635,275

NET BOOK VALUE

At 30 September 2021

635,275

At 30 September 2020

268,585

5.	CAPITAL COMMITMENTS

The Company is currently undertaking the construction of a commercial office building that commenced during the 2019 period. At the period end date work is currently underway and the total building costs to be funded by the Company are in the region of £800,000. Once completed the building will be let on normal commercial terms.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £512,000 to M Balone and £512,000 to M Vere. These amounts do not incur interest and are repayable on demand.

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £50,100 (2020: £1,017,873) to Graffica Limited, a company under common control.