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
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
Grayson Patrick Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
5,136
3,448
Cash at bank and in hand
2,581
44,571
Creditors: amounts falling due within one year
(25,289)
(72,000)
Net current (liabilities)/assets
(4,657)
105
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
Grayson Patrick Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
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
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Tangible fixed assets
Fixtures & fittings
Grayson Patrick Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Other debtors
17,494
20,124
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
22,889
61,160
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).