Company Registration No. 13748846 (England and Wales)
Gray's Defence Ltd
Unaudited accounts
for the year ended 30 November 2023
Gray's Defence Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
152,703
1,896
Creditors: amounts falling due within one year
(130,882)
(13,453)
Net current assets/(liabilities)
21,821
(11,557)
Net assets/(liabilities)
64,655
(11,557)
Called up share capital
1
1
Profit and loss account
64,654
(11,558)
Shareholders' funds
64,655
(11,557)
For the year ending 30 November 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 15 August 2024 and were signed on its behalf by
Tariq Khan
Director
Company Registration No. 13748846
Gray's Defence Ltd
Notes to the Accounts
for the year ended 30 November 2023
Gray's Defence Ltd is a private company, limited by shares, registered in England and Wales, registration number 13748846. The registered office is 486 MANCHESTER ROAD, BRADFORD, BD5 7LB, ENGLAND.
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.
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% on cost.
Computer equipment
25% on cost.
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.
4
Tangible fixed assets
Total
At 30 November 2023
57,112
Charge for the year
14,278
At 30 November 2023
14,278
At 30 November 2023
42,834
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).