PTP Accounts Production v22.3.3.48 08778064 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087780642023-03-31087780642024-03-31087780642023-04-012024-03-31087780642022-03-31087780642022-04-012023-03-31087780642023-03-3108778064ns16:EnglandWales2023-04-012024-03-3108778064ns15:PoundSterling2023-04-012024-03-3108778064ns11:Director12023-04-012024-03-3108778064ns11:Director22023-04-012024-03-3108778064ns11:PrivateLimitedCompanyLtd2023-04-012024-03-3108778064ns11:SmallEntities2023-04-012024-03-3108778064ns11:AuditExempt-NoAccountantsReport2023-04-012024-03-3108778064ns11:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108778064ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108778064ns11:FullAccounts2023-04-012024-03-3108778064ns11:CompanySecretary12023-04-012024-03-3108778064ns11:RegisteredOffice2023-04-012024-03-3108778064ns6:CurrentFinancialInstruments2024-03-3108778064ns6:CurrentFinancialInstruments2023-03-3108778064ns6:ShareCapital2024-03-3108778064ns6:ShareCapital2023-03-3108778064ns6:RetainedEarningsAccumulatedLosses2024-03-3108778064ns6:RetainedEarningsAccumulatedLosses2023-03-3108778064ns6:MotorVehicles2023-04-012024-03-3108778064ns6:ComputerEquipment2023-04-012024-03-3108778064ns6:PlantMachinery2023-03-3108778064ns6:MotorVehicles2023-03-3108778064ns6:ComputerEquipment2023-03-3108778064ns6:PlantMachinery2023-04-012024-03-3108778064ns6:PlantMachinery2024-03-3108778064ns6:MotorVehicles2024-03-3108778064ns6:ComputerEquipment2024-03-3108778064ns6:PlantMachinery2023-03-3108778064ns6:MotorVehicles2023-03-3108778064ns6:ComputerEquipment2023-03-3108778064ns6:WithinOneYearns6:CurrentFinancialInstruments2024-03-3108778064ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08778064 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ian Gray Builders Ltd

Ian Gray Builders Ltd (Registered number: 08778064)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ian Gray Builders Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I Gray
A Gray





SECRETARY: I Gray





REGISTERED OFFICE: 17 Sumar Close
Stubbington
Fareham
Hampshire
PO14 2EH





REGISTERED NUMBER: 08778064 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Ian Gray Builders Ltd (Registered number: 08778064)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,945 59,268

CURRENT ASSETS
Stocks 2,000 1,000
Debtors 5 13,447 7,668
Cash at bank 21,796 1,438
37,243 10,106
CREDITORS
Amounts falling due within one year 6 29,659 23,808
NET CURRENT ASSETS/(LIABILITIES) 7,584 (13,702 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,529

45,566

PROVISIONS FOR LIABILITIES 9,490 10,997
NET ASSETS 48,039 34,569

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,939 34,469
SHAREHOLDERS' FUNDS 48,039 34,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ian Gray Builders Ltd (Registered number: 08778064)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:




I Gray - Director



A Gray - Director


Ian Gray Builders Ltd (Registered number: 08778064)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ian Gray Builders Ltd 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Ian Gray Builders Ltd (Registered number: 08778064)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 18,014 83,019 52,106 153,139
Additions 233 - 5,250 5,483
Disposals - - (3,314 ) (3,314 )
At 31 March 2024 18,247 83,019 54,042 155,308
DEPRECIATION
At 1 April 2023 11,597 53,585 28,689 93,871
Charge for year 1,326 7,359 4,953 13,638
Eliminated on disposal - - (2,146 ) (2,146 )
At 31 March 2024 12,923 60,944 31,496 105,363
NET BOOK VALUE
At 31 March 2024 5,324 22,075 22,546 49,945
At 31 March 2023 6,417 29,434 23,417 59,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 10,082 -
VAT 2,143 6,579
Prepayments 1,222 1,089
13,447 7,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 12,721
Tax 26,919 8,122
Social security and other taxes 1,340 1,111
Directors' current accounts - 454
Accrued expenses 1,400 1,400
29,659 23,808

7. RELATED PARTY DISCLOSURES

During the year the directors received the following dividends:-

I Gray £33,000 (2023 £17,500)
A Gray £33,000 (2022 £17,500)

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors by virtue of their 100% interests in th issued share capital of the company.