GRAFIK LIMITED

Company Registration Number:
05760026 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

GRAFIK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

GRAFIK LIMITED

Balance sheet

As at 31 December 2017


Notes

2017

2016


£

£
Fixed assets
Tangible assets: 3 37,062 44,408
Total fixed assets: 37,062 44,408
Current assets
Stocks: 10,000 10,000
Debtors:   174,452 129,639
Cash at bank and in hand: 45,027 9,034
Total current assets: 229,479 148,673
Creditors: amounts falling due within one year:   (122,142) (84,887)
Net current assets (liabilities): 107,337 63,786
Total assets less current liabilities: 144,399 108,194
Total net assets (liabilities): 144,399 108,194
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 144,299 108,094
Shareholders funds: 144,399 108,194

The notes form part of these financial statements

GRAFIK LIMITED

Balance sheet statements

For the year ending 31 December 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 June 2018
and signed on behalf of the board by:

Name: L Corbett
Status: Director

The notes form part of these financial statements

GRAFIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received, less credits and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided to write off each asset over its estimated useful life.Plant & machinery - 25% on reducing balance

Other accounting policies

Work in progress is valued at the lower of cost and net realisable value

GRAFIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 4 4

GRAFIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 85,956
Additions 5,008
At 31 December 2017 90,964
Depreciation
At 01 January 2017 41,548
Charge for year 12,354
At 31 December 2017 53,902
Net book value
At 31 December 2017 37,062
At 31 December 2016 44,408