Gradplus Limited - Period Ending 2014-04-30
Gradplus Limited - Period Ending 2014-04-30
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Gradplus Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Gradplus Limited
for the Year Ended 30 April 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gradplus Limited for the year ended 30 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Gradplus Limited, as a body, in accordance with the terms of our engagement letterdated 15 December 2011. Our work has been undertaken solely to prepare for your approval the accounts of Gradplus Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gradplus Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gradplus Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gradplus Limited. You consider that Gradplus Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gradplus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Broderick & Leslie
Chartered Certified Accountants
3 Railway Court
Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB
25 August 2014
Gradplus Limited
(Registration number: 04159797)
Abbreviated Balance Sheet at 30 April 2014
Note |
2014 |
2013
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£ |
£ |
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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( |
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Net current liabilities |
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( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
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( |
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Net liabilities |
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( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
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( |
( |
Approved by the director on
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2
Gradplus Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing group accounts
Going concern
The financial statements have been prepared on a going concern basis, despite the balance sheet showing a net deficiency of £399,096 at the year end, this is due to the continued support of the Discovery ADR Groups bankers and directors.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Computer equipment |
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Motor vehicles |
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Financial instruments
Gradplus Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 May 2013 |
31,789 |
31,789 |
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At 30 April 2014 |
31,789 |
31,789 |
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Depreciation |
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At 1 May 2013 |
30,412 |
30,412 |
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Charge for the year |
423 |
423 |
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At 30 April 2014 |
30,835 |
30,835 |
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Net book value |
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At 30 April 2014 |
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At 30 April 2013 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
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2013
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Amounts falling due within one year |
7,118 |
6,998 |
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Amounts falling due after more than one year |
21,289 |
28,471 |
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Total secured creditors |
28,407 |
35,468 |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years by instalments |
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Gradplus Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Director's advances and credits |
2014 |
2014 |
2013 |
2013 |
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Mr J Evans |
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Control |
The company is controlled by