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REGISTERED NUMBER: 08859150 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ben Grey Ltd

Ben Grey Ltd (Registered number: 08859150)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ben Grey Ltd (Registered number: 08859150)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,642 60,164

CURRENT ASSETS
Debtors 5 10,505 15,337
Investments 6 100 100
Cash at bank 48,026 63,385
58,631 78,822
CREDITORS
Amounts falling due within one year 7 31,861 33,798
NET CURRENT ASSETS 26,770 45,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,412

105,188

PROVISIONS FOR LIABILITIES 8 9,242 11,603
NET ASSETS 66,170 93,585

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 66,068 93,483
SHAREHOLDERS' FUNDS 66,170 93,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Ben Grey Ltd (Registered number: 08859150)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Dr B R Grey - Director


Ben Grey Ltd (Registered number: 08859150)

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

1. STATUTORY INFORMATION

Ben Grey Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08859150

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

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 - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Ben Grey Ltd (Registered number: 08859150)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 61,100 10,169 71,269
Additions - 2,040 2,040
Disposals - (4,839 ) (4,839 )
At 31 January 2024 61,100 7,370 68,470
DEPRECIATION
At 1 February 2023 5,092 6,013 11,105
Charge for year 11,201 2,361 13,562
Eliminated on disposal - (4,839 ) (4,839 )
At 31 January 2024 16,293 3,535 19,828
NET BOOK VALUE
At 31 January 2024 44,807 3,835 48,642
At 31 January 2023 56,008 4,156 60,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 9,564 14,832
Other debtors 212 -
Prepayments 729 505
10,505 15,337

6. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Unlisted investments 100 100

Ben Grey Ltd (Registered number: 08859150)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 29,673 29,045
Social security and other taxes - 53
Credit card - 100
Directors' current accounts 208 2,162
Accrued expenses 1,980 2,438
31,861 33,798

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 9,242 11,603

Deferred
tax
£   
Balance at 1 February 2023 11,603
Utilised during year (2,361 )
Balance at 31 January 2024 9,242

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
102 102

Ben Grey Ltd (Registered number: 08859150)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Dr B R Grey and Mrs A C Grey
Balance outstanding at start of year (2,162 ) (691 )
Amounts advanced 224,164 1,631
Amounts repaid (222,210 ) (3,102 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (208 ) (2,162 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is Dr B R Grey.