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REGISTERED NUMBER: 10334936 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022

FOR

GRAYLOR LIMITED

GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

GRAYLOR LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022







DIRECTORS: Rebecca Peta- Sadler
Robert Andrew Michael Davidson
Catherine Julia Tannahill
Paul Davis





REGISTERED OFFICE: Rosehill
New Barn Lane
Cheltenham
Gloucestershire
GL52 3LZ





REGISTERED NUMBER: 10334936 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

BALANCE SHEET
23 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Tangible assets 4 55,107 72,653

CURRENT ASSETS
Stocks 44,113 34,742
Debtors 5 549,369 564,892
Cash at bank 251,657 222,162
845,139 821,796
900,246 894,449

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 387,709 541,627
387,809 541,727

PROVISIONS FOR LIABILITIES 10,238 13,517

CREDITORS 6 502,199 339,205
900,246 894,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

BALANCE SHEET - continued
23 SEPTEMBER 2022


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 Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Paul Davis - Director


GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022


1. STATUTORY INFORMATION

Graylor Limited 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.

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 recognised in the accounts when the service provided is invoiced. This is adjusted for invoices raised within the accounting period which relate to revenue earned after the period date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 25% reducing balance
Improvements to Property - 10% straight line
Computer Equipment - 25% reducing balance


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents in the balance sheet include cash in hand, deposits held at call with banks, other short-term deposits with an original maturity of three months or less.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price including transaction costs. Any losses arising from impairment review at the reporting end date are recognised in the profit and loss account.

GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022


2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2021 - 9 ) .

GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 September 2021 14,048 123,441 16,165 153,654
Additions 560 673 2,035 3,268
Disposals - (7,157 ) (529 ) (7,686 )
At 23 September 2022 14,608 116,957 17,671 149,236
DEPRECIATION
At 1 September 2021 3,634 67,072 10,295 81,001
Charge for period 1,553 15,120 2,097 18,770
Eliminated on disposal - (5,263 ) (379 ) (5,642 )
At 23 September 2022 5,187 76,929 12,013 94,129
NET BOOK VALUE
At 23 September 2022 9,421 40,028 5,658 55,107
At 31 August 2021 10,414 56,369 5,870 72,653

5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 341,659 400,262
Other debtors 197,323 163,078
538,982 563,340

Amounts falling due after more than one year:
Trade debtors 10,387 1,552

Aggregate amounts 549,369 564,892

6. CREDITORS
2022 2021
£    £   
Amounts falling due within one year:
Hire purchase contracts - 10,660
Trade creditors 26,757 50,084
Taxation and social security 1,661 96,636
Other creditors 473,781 174,669
502,199 332,049

GRAYLOR LIMITED (REGISTERED NUMBER: 10334936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 23 SEPTEMBER 2022


6. CREDITORS - continued
2022 2021
£    £   
Amounts falling due after more than one year:
Hire purchase contracts - 7,156

Aggregate amounts 502,199 339,205

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 23 September 2022 and the year ended 31 August 2021:

2022 2021
£    £   
Graham John Macmillan Gardner
Balance outstanding at start of period 120,208 185,364
Amounts advanced 27,006 18,253
Amounts repaid (705 ) (83,409 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 146,509 120,208

Lorinda Gardner
Balance outstanding at start of period (3,368 ) 2,762
Amounts advanced 1,746 -
Amounts repaid - (6,130 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (1,622 ) (3,368 )

The loan is repayable on demand. When the loan is in credit no interest is paid to the director. When the loan is overdrawn, interest is payable to the company at the HMRC official rate of interest.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRAYLOR LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graylor Limited for the period ended 23 September 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Graylor Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graylor Limited and state those matters that we have agreed to state to the Board of Directors of Graylor Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graylor Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graylor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Graylor Limited. You consider that Graylor Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Graylor 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 financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


6 November 2023