Company Registration No. 4026244 (England and Wales)
Gray-King & Gray Limited
Unaudited accounts
for the year ended 31 July 2022
Gray-King & Gray Limited
Unaudited accounts
Contents
Gray-King & Gray Limited
Company Information
for the year ended 31 July 2022
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 2022
Tangible assets
2,429
1,599
Cash at bank and in hand
1,122
1,282
Creditors: amounts falling due within one year
(1,706)
(98)
Net current (liabilities)/assets
(230)
3,261
Called up share capital
100
100
Share premium
17,990
17,990
Profit and loss account
(15,891)
(13,230)
Shareholders' funds
2,199
4,860
For the year ending 31 July 2022 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 9 February 2023 and were signed on its behalf by
Elizabeth Gray-King
Director
Company Registration No. 4026244
Gray-King & Gray Limited
Notes to the Accounts
for the year ended 31 July 2022
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.
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:
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 2021
600
3,075
3,675
At 31 July 2022
600
4,306
4,906
At 1 August 2021
-
2,076
2,076
Charge for the year
-
401
401
At 31 July 2022
-
2,477
2,477
At 31 July 2022
600
1,829
2,429
At 31 July 2021
600
999
1,599
Gray-King & Gray Limited
Notes to the Accounts
for the year ended 31 July 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Loans from directors
1,323
98
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).