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Company Registration No. 12810430 (England and Wales)
Grayson Patrick Ltd Unaudited accounts for the year ended 31 August 2023
Grayson Patrick Ltd Unaudited accounts Contents
Page
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Grayson Patrick Ltd Company Information for the year ended 31 August 2023
Directors
David John Zealey Natalie Laura Zealey
Company Number
12810430 (England and Wales)
Registered Office
6 Grayburn Close Chalfont St Giles Bucks HP8 4NZ
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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Grayson Patrick Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,136 
3,448 
Current assets
Debtors
18,051 
27,534 
Cash at bank and in hand
2,581 
44,571 
20,632 
72,105 
Creditors: amounts falling due within one year
(25,289)
(72,000)
Net current (liabilities)/assets
(4,657)
105 
Net assets
479 
3,553 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
379 
3,453 
Shareholders' funds
479 
3,553 
For the year ending 31 August 2023 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 30 January 2024 and were signed on its behalf by
David John Zealey Director Company Registration No. 12810430
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Grayson Patrick Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Grayson Patrick Ltd is a private company, limited by shares, registered in England and Wales, registration number 12810430. The registered office is 6 Grayburn Close, Chalfont St Giles, Bucks , HP8 4NZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% per annum of cost
Computer equipment
25% per annum of cost
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
6,405 
Additions
4,732 
At 31 August 2023
11,137 
Depreciation
At 1 September 2022
2,957 
Charge for the year
3,044 
At 31 August 2023
6,001 
Net book value
At 31 August 2023
5,136 
At 31 August 2022
3,448 
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Grayson Patrick Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
557 
7,410 
Other debtors
17,494 
20,124 
18,051 
27,534 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,200 
9,550 
Taxes and social security
22,889 
61,160 
Accruals
1,200 
1,290 
25,289 
72,000 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At the 31st August 2023 the directors both owed the company £8,747 (2022 - £10,062). This is an interest free loan repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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