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REGISTERED NUMBER: 12760143 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Grayson's School Buses Ltd

Grayson's School Buses Ltd (Registered number: 12760143)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grayson's School Buses Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S Fowler





REGISTERED OFFICE: 117 - 119 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ET





REGISTERED NUMBER: 12760143 (England and Wales)






Grayson's School Buses Ltd (Registered number: 12760143)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,531 26,892

CURRENT ASSETS
Debtors 5 1,044 4,390
Cash at bank 87,318 28,405
88,362 32,795
CREDITORS
Amounts falling due within one year 6 50,573 37,250
NET CURRENT ASSETS/(LIABILITIES) 37,789 (4,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,320

22,437

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,220 22,337
61,320 22,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





S Fowler - Director


Grayson's School Buses Ltd (Registered number: 12760143)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Grayson's School Buses Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Grayson's School Buses Ltd (Registered number: 12760143)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 33,615
AMORTISATION
At 1 August 2022 6,723
Charge for year 3,361
At 31 July 2023 10,084
NET BOOK VALUE
At 31 July 2023 23,531
At 31 July 2022 26,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 1,044 4,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 487 18,085
Taxation and social security 18,202 5,461
Other creditors 31,884 13,704
50,573 37,250

7. RELATED PARTY DISCLOSURES

31.7.23 31.7.22
£ £
Balance owing to related paries - 18,000
Purchases from related parties 687,989 506,428
Management charges paid to related parties 22,400 56,331

Related parties are companies in which the director is also a director.

8. ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling party.