Gradit Limited - Period Ending 2016-12-31

Registration number: SC492506

Gradit Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Beyond The Numbers Limited
Chartered Accountants
42 Charlotte Square
Edinburgh
EH2 4HQ

Gradit Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 5
Notes to the Financial Statements	4

Gradit Limited

Company Information

Directors

Joseph Afif Stewart Macrae

Registered office

46A Constitution Street Edinburgh EH6 6RS

Accountants

Beyond The Numbers Limited Chartered Accountants 42 Charlotte Square Edinburgh EH2 4HQ

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gradit Limited
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gradit Limited for the year ended 31 December 2016 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with its ethical and other professional requirements

This report is made solely to the Board of Directors of Gradit Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gradit Limited and state those matters that we have agreed to state to the Board of Directors of Gradit Limited, as a body, in this report in accordance with the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gradit Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gradit 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 Gradit Limited. You consider that Gradit 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 Gradit 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.

......................................

Beyond The Numbers Limited
Chartered Accountants
42 Charlotte Square
Edinburgh
EH2 4HQ

20 September 2017

Page 2

Gradit Limited

(Registration number: SC492506)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets		7,452	9,759
Current assets		53,489	5,266
Creditors: Amounts falling due within one year		(5,993)	(5,015)
Net current assets		47,496	251
Total assets less current liabilities		54,948	10,010
Accruals and deferred income		(1,431)	-
		53,517	10,010
Capital and reserves		53,517	10,010

The notes on page 4 form an integral part of these financial statements.

Page 3

Gradit Limited

(Registration number: SC492506)
Balance Sheet as at 31 December 2016

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in Scotland.

The address of its registered office is:
46A Constitution Street
Edinburgh
EH6 6RS

These financial statements were authorised for issue by the Board on 20 September 2017.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Page 4

Gradit Limited

(Registration number: SC492506)
Balance Sheet as at 31 December 2016

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 20 September 2017 and signed on its behalf by:
 

.........................................

Joseph Afif

Director

The notes on page 4 form an integral part of these financial statements.

Page 5