Company Registration No. 09540825 (England and Wales)
Gridizen Ltd
Unaudited accounts
for the year ended 30 April 2019
Gridizen Ltd
Unaudited accounts
Contents
Gridizen Ltd
Company Information
for the year ended 30 April 2019
Directors
Kamran Mahmood
Ibrahim Ferullo
Evrim Yalcin Laws
Derek Jonathan Weist
Company Number
09540825 (England and Wales)
Registered Office
2nd Floor
6 Lanark Square
London
E14 9RE
United Kingdom
Accountants
Gains Accountants & Business Advisers
9 Town Quay Wharf
Ground Floor
Abbey Road
Barking
IG11 7BZ
Gridizen Ltd
Statement of financial position
as at
30 April 2019
Cash at bank and in hand
51,766
149,766
Creditors: amounts falling due within one year
(61,719)
(152,508)
Net current liabilities
(9,433)
(2,742)
Net liabilities
(9,433)
(2,742)
Called up share capital
95
1
Profit and loss account
(159,524)
(2,743)
Shareholders' funds
(9,433)
(2,742)
For the year ending 30 April 2019 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 directors acknowledge their 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.
Approved by the Board on 11 July 2019.
Kamran Mahmood
Director
Company Registration No. 09540825
Gridizen Ltd
Notes to the Accounts
for the year ended 30 April 2019
Gridizen Ltd is a private company, limited by shares, registered in England and Wales, registration number 09540825. The registered office is 2nd Floor, 6 Lanark Square, London, E14 9RE, 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.
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.
5
Creditors: amounts falling due within one year
2019
2018
Trade creditors
57,714
2,508
Taxes and social security
(37,915)
-
Other creditors
41,920
150,000
6
Share capital
2019
2018
Allotted, called up and fully paid:
942,857 Ordinary shares of £0.0001 each
94.28
-
Shares issued during the period:
942,856 Ordinary shares of £0.0001 each
94.28
Gridizen Ltd
Notes to the Accounts
for the year ended 30 April 2019
7
Transactions with related parties
At the year-end, £37,410 is owed by the company to Noval Properties Limited, a related party by virtue of the company being under common control by the director. During the year, £6,879 interest has been charged on this loan.
8
Average number of employees
During the year the average number of employees was 1 (2018: 0).