Company Registration No. 09540825 (England and Wales)
GRIDIZEN LTD
Unaudited accounts
for the year ended 30 April 2021
GRIDIZEN LTD
Unaudited accounts
Contents
GRIDIZEN LTD
Company Information
for the year ended 30 April 2021
Directors
Ibrahim FERULLO
Evrim Yalcin LAWS
Kamran MAHMOOD
Derek Jonathan WEIST
Company Number
09540825 (England and Wales)
Registered Office
2ND FLOOR
6 LANARK SQUARE
LONDON
E14 9RE
ENGLAND
Accountants
Cooper & Young Ltd
390-392 High Road
Ilford
Essex
IG1 1BF
GRIDIZEN LTD
Statement of financial position
as at
30 April 2021
Cash at bank and in hand
56,540
13,757
Creditors: amounts falling due within one year
(170,387)
(96,020)
Net current liabilities
(113,683)
(82,263)
Total assets less current liabilities
(111,947)
(82,263)
Creditors: amounts falling due after more than one year
(50,000)
-
Net liabilities
(161,947)
(82,263)
Called up share capital
102
97
Share premium
454,485
249,993
Profit and loss account
(616,534)
(332,353)
Shareholders' funds
(161,947)
(82,263)
For the year ending 30 April 2021 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 4 May 2021 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 2021
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, 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
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2021
2020
GRIDIZEN LTD
Notes to the Accounts
for the year ended 30 April 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
134,903
127,506
Taxes and social security
(60)
(43,954)
Other creditors
33,233
12,468
7
Creditors: amounts falling due after more than one year
2021
2020
8
Share capital
2021
2020
Allotted, called up and fully paid:
1,025,841 of £0.0001 each
102.58
97.14
Shares issued during the period:
54,413 of £0.0001 each
5.44
9
Transactions with related parties
At the year-end, the company owed £28,559 (2020: £7,410) to Noval Properties Limited, a related party by virtue of the company being under common control by the director.
10
Average number of employees
During the year the average number of employees was 6 (2020: 5).