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GRAPHICS SHACK LTD - Company Information

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Graphics Shack Ltd

Registered Number:08185392

For the year ended 31 August 2023

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2023

Graphics Shack Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

08185392

As at 31 August 2023

Graphics Shack Ltd

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

2,016

2,698

2,016

2,698

Current assets

Inventories

1,000

Trade and other receivables

5,008

4,147

33,270

Cash and cash equivalents

48,796

53,943

39,278

Trade and other payables: amounts falling due within one

year

(11,528)

(15,470)

27,750

38,473

Net current assets

Total assets less current liabilities

40,489

30,448

Trade and other payables: amounts falling due after more

than one year

(9,938)

(12,562)

27,927

Net assets

20,510

Capital and reserves

Called up share capital

Retained earnings

27,897

20,480

27,927

20,510

Shareholders' funds

For the year ended 31 August 2023 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 2023 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their 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 06 October 2023 and were signed by:

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Registered Number :

08185392

For the year ended 31 August 2023

Graphics Shack Ltd

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 August 2023

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

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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For the year ended 31 August 2023

Graphics Shack Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 September 2022

31,800

At 31 August 2023

31,800

Amortisation

At 01 September 2022

31,800

At 31 August 2023

31,800

Net book value

At 31 August 2023

At 31 August 2022

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Plant and

machinery

Cost or

valuation

At 01 September 2022

25,245

3,513

265

21,467

At 31 August 2023

21,467

265

3,513

25,245

Provision for depreciation and impairment

At 01 September 2022

22,547

3,245

257

19,045

Charge for year

682

606

At 31 August 2023

23,229

3,312

266

19,651

At 31 August 2023

Net book value

1,816

(1)

201

2,016

At 31 August 2022

2,422

268

2,698

4. Inventories

2022

2023

Stocks

1,000

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For the year ended 31 August 2023

Graphics Shack Ltd

Notes to the Financial Statements Continued

5. Trade and other receivables

2022

2023

Trade debtors

3,660

4,806

Other debtors

487

202

5,008

4,147

6. Trade and other payables: amounts falling due within one year

2022

2023

Trade creditors

481

181

Taxation and social security

13,659

10,099

Other creditors

1,330

1,248

15,470

11,528

7. Trade and other payables: amounts falling due after more than one year

2022

2023

Other creditors

12,562

9,938

8. Average number of persons employed

During the year the average number of employees was 3 (2022 : 3)

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