Acorah Software Products - Accounts Production 15.0.500 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13272903 Dr Fay Gray Mr Daniel Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13272903 2022-12-31 13272903 2023-12-31 13272903 2023-01-01 2023-12-31 13272903 frs-core:CurrentFinancialInstruments 2023-12-31 13272903 frs-core:ShareCapital 2023-12-31 13272903 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13272903 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13272903 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13272903 frs-bus:SmallEntities 2023-01-01 2023-12-31 13272903 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13272903 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13272903 frs-core:UnlistedNon-exchangeTraded 2023-12-31 13272903 frs-core:UnlistedNon-exchangeTraded 2022-12-31 13272903 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 13272903 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 13272903 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 13272903 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 13272903 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 13272903 frs-bus:Director1 2023-01-01 2023-12-31 13272903 frs-bus:Director2 2023-01-01 2023-12-31 13272903 frs-countries:EnglandWales 2023-01-01 2023-12-31 13272903 2021-12-31 13272903 2022-12-31 13272903 2022-01-01 2022-12-31 13272903 frs-core:CurrentFinancialInstruments 2022-12-31 13272903 frs-core:ShareCapital 2022-12-31 13272903 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13272903
Gray Industrial Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13272903
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 101,275 20
101,275 20
CURRENT ASSETS
Debtors 5 20,634 10,000
Cash at bank and in hand 283,648 502,792
304,282 512,792
Creditors: Amounts Falling Due Within One Year 6 (6,956 ) (131,788 )
NET CURRENT ASSETS (LIABILITIES) 297,326 381,004
TOTAL ASSETS LESS CURRENT LIABILITIES 398,601 381,024
NET ASSETS 398,601 381,024
CAPITAL AND RESERVES
Called up share capital 7 200 200
Income Statement 398,401 380,824
SHAREHOLDERS' FUNDS 398,601 381,024
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Daniel Gray
Director
31 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gray Industrial Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13272903 . The registered office is The Octagon, Unit 3 Wells Road, Ilkley, West Yorkshire, LS29 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Investments
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 January 2023 20
Additions 101,255
As at 31 December 2023 101,275
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 101,275
As at 1 January 2023 20
Investments in equity shares which are publicly traded or where fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the Statement of Income and Retained Earnings. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 82 10,000
Due after more than one year
Other debtors 20,552 -
20,634 10,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 2,288 291
Taxation and social security 4,668 131,497
6,956 131,788
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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