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REGISTERED NUMBER: 00865226 (England and Wales)
























K.C.GRAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






K.C.GRAY LIMITED (REGISTERED NUMBER: 00865226)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K.C.GRAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: L S Stockley





REGISTERED OFFICE: Barleycroft Farm
Wormley West End
Broxbourne
Hertfordshire
EN10 6QN





REGISTERED NUMBER: 00865226 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

K.C.GRAY LIMITED (REGISTERED NUMBER: 00865226)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210 313

CURRENT ASSETS
Debtors 5 232 205
Cash at bank 16,560 17,525
16,792 17,730
CREDITORS
Amounts falling due within one year 6 26,933 26,867
NET CURRENT LIABILITIES (10,141 ) (9,137 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,931 ) (8,824 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,031 ) (8,924 )
(9,931 ) (8,824 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





L S Stockley - Director


K.C.GRAY LIMITED (REGISTERED NUMBER: 00865226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

K.C.Gray 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 - 25% on reducing balance
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

K.C.GRAY LIMITED (REGISTERED NUMBER: 00865226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1 413 9,084 9,498
DEPRECIATION
At 1 January 2023 - 102 9,083 9,185
Charge for year - 103 - 103
At 31 December 2023 - 205 9,083 9,288
NET BOOK VALUE
At 31 December 2023 1 208 1 210
At 31 December 2022 1 311 1 313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 232 205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 420 354
Other creditors 26,513 26,513
26,933 26,867

7. RELATED PARTY DISCLOSURES

During the year, L Stockley (Director) loaned the company money with no set repayment date. At the year end the amount due from the company to the director was £26,513 (2022:£26,513).

8. ULTIMATE CONTROLLING PARTY

During the year L Stockley, a director, controlled the company by virtue of a controlling interest in 100% of the issued ordinary share capital.

9. GOING CONCERN

The director recognises that the company has an insolvent balance sheet and confirm that they will continue to support the company personally until it is in a solvent position again.