Company Registration No. 07827384 (England and Wales)
Gravitricity Limited
Abbreviated financial statements
for the 11 month period from 31 October 2015 to 30 September 2016
Gravitricity Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated financial statements
2
Gravitricity Limited
Abbreviated balance sheet
as at 30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,643
3,643
Current assets
Debtors
272
156
Cash at bank and in hand
8
510
280
666
Creditors: amounts falling due within one year
(26,246)
(27,046)
Net current liabilities
(25,966)
(26,380)
Total assets less current liabilities
(22,323)
(22,737)
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
(22,523)
(22,937)
Shareholders' funds
(22,323)
(22,737)
For the financial 11 month period from 31 October 2015 to ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the 11 month period from 31 October 2015 to in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 June 2017
C W Blair
Director
Company Registration No. 07827384
Gravitricity Limited
Notes to the abbreviated financial statements
for the 11 month period from 31 October 2015 to ended 30 September 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The accounts have been prepared on a going concern basis, the directors are of the opinion that this is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
2
Fixed assets
Intangible assets
£
Cost
At 1 November 2015 & at 30 September 2016
3,643
At 31 October 2015
3,643
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200