IRIS Accounts Production v24.1.9.2 06026732 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060267322022-12-31060267322023-12-31060267322023-01-012023-12-31060267322021-12-31060267322022-01-012022-12-31060267322022-12-3106026732ns15:EnglandWales2023-01-012023-12-3106026732ns14:PoundSterling2023-01-012023-12-3106026732ns10:Director12023-01-012023-12-3106026732ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106026732ns10:SmallEntities2023-01-012023-12-3106026732ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106026732ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106026732ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106026732ns10:FullAccounts2023-01-012023-12-3106026732ns10:OrdinaryShareClass12023-01-012023-12-3106026732ns10:CompanySecretary12023-01-012023-12-3106026732ns10:RegisteredOffice2023-01-012023-12-3106026732ns5:CurrentFinancialInstruments2023-12-3106026732ns5:CurrentFinancialInstruments2022-12-3106026732ns5:Non-currentFinancialInstruments2023-12-3106026732ns5:Non-currentFinancialInstruments2022-12-3106026732ns5:ShareCapital2023-12-3106026732ns5:ShareCapital2022-12-3106026732ns5:RetainedEarningsAccumulatedLosses2023-12-3106026732ns5:RetainedEarningsAccumulatedLosses2022-12-3106026732ns5:PlantMachinery2023-01-012023-12-3106026732ns5:PlantMachinery2022-12-3106026732ns5:PlantMachinery2023-12-3106026732ns5:PlantMachinery2022-12-3106026732ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106026732ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106026732ns10:OrdinaryShareClass12023-12-31060267321ns10:Director12022-12-31060267321ns10:Director12021-12-31060267321ns10:Director12023-01-012023-12-31060267321ns10:Director12022-01-012022-12-31060267321ns10:Director12023-12-31060267321ns10:Director12022-12-31
REGISTERED NUMBER: 06026732 (England and Wales)















A K GRAY SITE SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






A K GRAY SITE SERVICES LIMITED (REGISTERED NUMBER: 06026732)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


A K GRAY SITE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A K Gray





SECRETARY: Mrs M Gray





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 06026732 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

A K GRAY SITE SERVICES LIMITED (REGISTERED NUMBER: 06026732)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 132,388 131,492

CURRENT ASSETS
Debtors 5 30,090 63,286
Cash at bank and in hand 54,590 19,051
84,680 82,337
CREDITORS
Amounts falling due within one year 6 77,316 83,270
NET CURRENT ASSETS/(LIABILITIES) 7,364 (933 )
TOTAL ASSETS LESS CURRENT LIABILITIES 139,752 130,559

CREDITORS
Amounts falling due after more than one year 7 (27,670 ) (43,380 )

PROVISIONS FOR LIABILITIES (35,016 ) (34,737 )
NET ASSETS 77,066 52,442

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 77,064 52,440
SHAREHOLDERS' FUNDS 77,066 52,442

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 his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





Mr A K Gray - Director


A K GRAY SITE SERVICES LIMITED (REGISTERED NUMBER: 06026732)

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

1. STATUTORY INFORMATION

A K Gray Site Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 7.5% on reducing balance

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

A K GRAY SITE SERVICES LIMITED (REGISTERED NUMBER: 06026732)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 359,549
Additions 53,619
Disposals (39,206 )
At 31 December 2023 373,962
DEPRECIATION
At 1 January 2023 228,057
Charge for year 44,102
Eliminated on disposal (30,585 )
At 31 December 2023 241,574
NET BOOK VALUE
At 31 December 2023 132,388
At 31 December 2022 131,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,312 52,336
Other debtors 50 2,000
Directors' loan accounts 371 7,009
Prepayments 11,357 1,941
30,090 63,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,710 27,426
Trade creditors 6,176 6,765
Taxation 29,049 20,190
Other taxes and social security 18,038 20,887
Other creditors 603 -
Accruals and deferred income 7,740 8,002
77,316 83,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 27,670 43,380

A K GRAY SITE SERVICES LIMITED (REGISTERED NUMBER: 06026732)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 43,380 70,806

The hire purchase is secured upon the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A K Gray
Balance outstanding at start of year 7,009 16,860
Amounts advanced 371 7,009
Amounts repaid (7,009 ) (16,860 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 371 7,009

The overdrawn directors loan account was repaid in April 2024.