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Company Registration No. 8970129 (England and Wales)
Gray Developments (Wisbech) Limited Unaudited accounts for the year ended 31 March 2024
Gray Developments (Wisbech) Limited Unaudited accounts Contents
Page
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Gray Developments (Wisbech) Limited Company Information for the year ended 31 March 2024
Directors
Andrew Gray Lisa Gray
Company Number
8970129 (England and Wales)
Registered Office
Woodland, Seadyke Bank Murrow Wisbech Cambs PE13 4AF
Accountants
Bryant Accounting Services Ltd Stow Lodge Stow Lane Wisbech Cambs PE13 2JU
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Gray Developments (Wisbech) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(174)
1,336 
Current assets
Debtors
1,547 
881 
Creditors: amounts falling due within one year
(7,060)
(8,513)
Net current liabilities
(5,513)
(7,632)
Total assets less current liabilities
(5,687)
(6,296)
Creditors: amounts falling due after more than one year
(44,309)
(44,922)
Provisions for liabilities
Deferred tax
(4,426)
(5,533)
Net liabilities
(54,422)
(56,751)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(54,522)
(56,851)
Shareholders' funds
(54,422)
(56,751)
For the year ending 31 March 2024 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 6 August 2024 and were signed on its behalf by
Andrew Gray Director Company Registration No. 8970129
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Gray Developments (Wisbech) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gray Developments (Wisbech) Limited is a private company, limited by shares, registered in England and Wales, registration number 8970129. The registered office is Woodland, Seadyke Bank, Murrow, Wisbech, Cambs, PE13 4AF.
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.
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:
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
36,719 
7,000 
43,719 
At 31 March 2024
36,719 
7,000 
43,719 
Depreciation
At 1 April 2023
36,985 
5,398 
42,383 
Charge for the year
710 
800 
1,510 
At 31 March 2024
37,695 
6,198 
43,893 
Net book value
At 31 March 2024
(976)
802 
(174)
At 31 March 2023
(266)
1,602 
1,336 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,547 
881 
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Gray Developments (Wisbech) Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,635 
4,339 
VAT
(128)
172 
Trade creditors
- 
781 
Taxes and social security
1,953 
2,621 
Accruals
600 
600 
7,060 
8,513 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,796 
39,815 
Loans from directors
9,513 
5,107 
44,309 
44,922 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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