IRIS Accounts Production v24.2.0.383 06806764 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068067642023-03-31068067642024-03-31068067642023-04-012024-03-31068067642022-03-31068067642022-04-012023-03-31068067642023-03-3106806764ns15:EnglandWales2023-04-012024-03-3106806764ns14:PoundSterling2023-04-012024-03-3106806764ns10:Director12023-04-012024-03-3106806764ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106806764ns10:SmallEntities2023-04-012024-03-3106806764ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106806764ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106806764ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106806764ns10:FullAccounts2023-04-012024-03-3106806764ns10:CompanySecretary12023-04-012024-03-3106806764ns10:RegisteredOffice2023-04-012024-03-3106806764ns5:CurrentFinancialInstruments2024-03-3106806764ns5:CurrentFinancialInstruments2023-03-3106806764ns5:Non-currentFinancialInstruments2024-03-3106806764ns5:Non-currentFinancialInstruments2023-03-3106806764ns5:ShareCapital2024-03-3106806764ns5:ShareCapital2023-03-3106806764ns5:RetainedEarningsAccumulatedLosses2024-03-3106806764ns5:RetainedEarningsAccumulatedLosses2023-03-3106806764ns5:PlantMachinery2023-04-012024-03-3106806764ns5:PlantMachinery2023-03-3106806764ns5:PlantMachinery2024-03-3106806764ns5:PlantMachinery2023-03-3106806764ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106806764ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 06806764 (England and Wales)















GRAYS AGRICULTURAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GRAYS AGRICULTURAL LTD (REGISTERED NUMBER: 06806764)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


GRAYS AGRICULTURAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M J H Davis





SECRETARY: Mrs V Davis





REGISTERED OFFICE: Unit 6
Mona Industrial Park
Gwalchmai
Isle of Anglesey
LL65 4RJ





REGISTERED NUMBER: 06806764 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

GRAYS AGRICULTURAL LTD (REGISTERED NUMBER: 06806764)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,542 194,362

CURRENT ASSETS
Debtors 5 175,849 123,890
Cash at bank 12,852 55,312
188,701 179,202
CREDITORS
Amounts falling due within one year 6 117,145 113,042
NET CURRENT ASSETS 71,556 66,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,098

260,522

CREDITORS
Amounts falling due after more than one
year

7

73,872

76,345
NET ASSETS 192,226 184,177

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 191,226 183,177
SHAREHOLDERS' FUNDS 192,226 184,177

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 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.

GRAYS AGRICULTURAL LTD (REGISTERED NUMBER: 06806764)

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 director and authorised for issue on 15 October 2024 and were signed by:





M J H Davis - Director


GRAYS AGRICULTURAL LTD (REGISTERED NUMBER: 06806764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Grays Agricultural 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.
Plant and machinery etc - 20% on reducing balance

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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

GRAYS AGRICULTURAL LTD (REGISTERED NUMBER: 06806764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 317,976
Additions 59,787
Disposals (24,526 )
At 31 March 2024 353,237
DEPRECIATION
At 1 April 2023 123,614
Charge for year 48,635
Eliminated on disposal (13,554 )
At 31 March 2024 158,695
NET BOOK VALUE
At 31 March 2024 194,542
At 31 March 2023 194,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 160,629 114,078
Other debtors 15,220 9,812
175,849 123,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,227 34,899
Trade creditors 15,917 14,726
Taxation and social security 26,935 29,004
Other creditors 35,066 34,413
117,145 113,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 73,872 76,345