Company Registration No. 4026244 (England and Wales)
Gray-King & Gray Limited
Unaudited accounts
for the year ended 31 July 2019
Gray-King & Gray Limited
Unaudited accounts
Contents
Gray-King & Gray Limited
Company Information
for the year ended 31 July 2019
Directors
Elizabeth Gray-King
Peter Gray
Company Number
4026244 (England and Wales)
Registered Office
238 Sandon Road
Stafford
Staffordshire
ST16 3HL
United Kingdom
Accountants
Oxford Tax Solutions Limited
238 Sandon Road
Stafford
Staffordshire
ST16 3HL
Gray-King & Gray Limited
Statement of financial position
as at
31 July 2019
Tangible assets
2,086
2,412
Cash at bank and in hand
1,068
2,008
Creditors: amounts falling due within one year
(8,984)
(7,724)
Net current liabilities
(5,289)
(5,013)
Net liabilities
(3,203)
(2,601)
Called up share capital
100
100
Share premium
17,990
17,990
Profit and loss account
(21,293)
(20,691)
Shareholders' funds
(3,203)
(2,601)
For the year ending 31 July 2019 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.
Approved by the Board on 24 April 2020.
Elizabeth Gray-King
Director
Company Registration No. 4026244
Gray-King & Gray Limited
Notes to the Accounts
for the year ended 31 July 2019
Gray-King & Gray Limited is a private company, limited by shares, registered in England and Wales, registration number 4026244. The registered office is 238 Sandon Road, Stafford, Staffordshire, ST16 3HL, United Kingdom.
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.
These financial statements for the year ended 31 July 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
No depreciation
Computer equipment
18% on the reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2018
600
3,075
3,675
At 31 July 2019
600
3,075
3,675
At 1 August 2018
-
1,263
1,263
Charge for the year
-
326
326
At 31 July 2019
-
1,589
1,589
At 31 July 2019
600
1,486
2,086
At 31 July 2018
600
1,812
2,412
Gray-King & Gray Limited
Notes to the Accounts
for the year ended 31 July 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
8,597
Loans from directors
(164)
(873)
7
Average number of employees
During the year the average number of employees was 2 (2018: 2).