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REGISTERED NUMBER: 09994306 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Grey Man Engineering Limited

Grey Man Engineering Limited (Registered number: 09994306)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grey Man Engineering Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: W R Millard
I P Rogers





REGISTERED OFFICE: Unit 8a Eastpark Trading Estate
Gordon Road
Bristol
BS5 7DR





REGISTERED NUMBER: 09994306 (England and Wales)





ACCOUNTANTS: Obsidian Accountancy Limited
Suite 9 Corum Two
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Grey Man Engineering Limited (Registered number: 09994306)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,650 11,485
Investments 5 190 -
16,840 11,485

CURRENT ASSETS
Debtors 6 352,183 197,515
Cash at bank and in hand 139,102 232,753
491,285 430,268
CREDITORS
Amounts falling due within one year 7 198,747 111,212
NET CURRENT ASSETS 292,538 319,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,378

330,541

CREDITORS
Amounts falling due after more than
one year

8

-

200,000
NET ASSETS 309,378 130,541

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 309,278 130,441
SHAREHOLDERS' FUNDS 309,378 130,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Grey Man Engineering Limited (Registered number: 09994306)

Balance Sheet - continued
28 February 2023


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 15 November 2023 and were signed on its behalf by:





W R Millard - Director


Grey Man Engineering Limited (Registered number: 09994306)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Grey Man Engineering Limited (Registered number: 09994306)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 year was 14 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 21,372
Additions 10,553
Disposals (1,607 )
At 28 February 2023 30,318
DEPRECIATION
At 1 March 2022 9,887
Charge for year 5,386
Eliminated on disposal (1,605 )
At 28 February 2023 13,668
NET BOOK VALUE
At 28 February 2023 16,650
At 28 February 2022 11,485

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 190
At 28 February 2023 190
NET BOOK VALUE
At 28 February 2023 190

Grey Man Engineering Limited (Registered number: 09994306)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 326,043 178,083
Other debtors 26,140 19,432
352,183 197,515

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 112,747 56,868
Taxation and social security 80,603 51,092
Other creditors 5,397 3,252
198,747 111,212

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 200,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 6,382 3,132
Between one and five years 83,645 98,626
90,027 101,758

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

Grey Man Engineering Limited (Registered number: 09994306)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
W R Millard
Balance outstanding at start of year 14,301 12,653
Amounts advanced 13,261 14,648
Amounts repaid (15,000 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,562 14,301

I P Rogers
Balance outstanding at start of year 2,898 8,210
Amounts advanced 4,115 4,688
Amounts repaid (3,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,013 2,898