Company Registration No. 09540825 (England and Wales)
GRIDIZEN LTD
Unaudited accounts
for the year ended 30 April 2023
GRIDIZEN LTD
Unaudited accounts
Contents
GRIDIZEN LTD
Statement of financial position
as at 30 April 2023
Tangible assets
2,167
1,389
Cash at bank and in hand
396
103
Creditors: amounts falling due within one year
(306,553)
(178,889)
Net current liabilities
(306,157)
(175,330)
Total assets less current liabilities
(303,990)
(173,941)
Creditors: amounts falling due after more than one year
(43,119)
(47,197)
Net liabilities
(347,109)
(221,138)
Called up share capital
103
103
Share premium
479,484
479,484
Profit and loss account
(826,696)
(700,725)
Shareholders' funds
(347,109)
(221,138)
For the year ending 30 April 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2023 and were signed on its behalf by
Kamran MAHMOOD
Director
Company Registration No. 09540825
GRIDIZEN LTD
Notes to the Accounts
for the year ended 30 April 2023
GRIDIZEN LTD is a private company, limited by shares, registered in England and Wales, registration number 09540825. The registered office is 390-392 High Road, Balfour Business Centre, Ilford, IG1 1BF, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balacne
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
GRIDIZEN LTD
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
152,406
153,039
Taxes and social security
(22,572)
(41,912)
Other creditors
176,860
68,131
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1,032,420 Ordinary Shares of £0.0001 each
103.24
103.24
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).