Gray & Sons Interior Shopfitting Limited 07620282 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is joinery and shopfitting Digita Accounts Production Advanced 6.30.9574.0 true 07620282 2023-04-01 2024-03-31 07620282 2024-03-31 07620282 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-03-31 07620282 core:RetainedEarningsAccumulatedLosses 2024-03-31 07620282 core:ShareCapital 2024-03-31 07620282 core:CurrentFinancialInstruments 2024-03-31 07620282 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07620282 core:Non-currentFinancialInstruments 2024-03-31 07620282 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07620282 core:FurnitureFittingsToolsEquipment 2024-03-31 07620282 core:LandBuildings 2024-03-31 07620282 core:MotorVehicles 2024-03-31 07620282 core:OtherPropertyPlantEquipment 2024-03-31 07620282 1 2024-03-31 07620282 bus:SmallEntities 2023-04-01 2024-03-31 07620282 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07620282 bus:FullAccounts 2023-04-01 2024-03-31 07620282 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07620282 bus:RegisteredOffice 2023-04-01 2024-03-31 07620282 bus:Director3 2023-04-01 2024-03-31 07620282 bus:Director4 2023-04-01 2024-03-31 07620282 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-01 2024-03-31 07620282 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07620282 bus:Agent1 2023-04-01 2024-03-31 07620282 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07620282 core:LandBuildings 2023-04-01 2024-03-31 07620282 core:MotorVehicles 2023-04-01 2024-03-31 07620282 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07620282 1 2023-04-01 2024-03-31 07620282 countries:England 2023-04-01 2024-03-31 07620282 2023-03-31 07620282 core:FurnitureFittingsToolsEquipment 2023-03-31 07620282 core:LandBuildings 2023-03-31 07620282 core:MotorVehicles 2023-03-31 07620282 core:OtherPropertyPlantEquipment 2023-03-31 07620282 2022-04-01 2023-03-31 07620282 2023-03-31 07620282 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 07620282 core:RetainedEarningsAccumulatedLosses 2023-03-31 07620282 core:ShareCapital 2023-03-31 07620282 core:CurrentFinancialInstruments 2023-03-31 07620282 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07620282 core:Non-currentFinancialInstruments 2023-03-31 07620282 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07620282 core:FurnitureFittingsToolsEquipment 2023-03-31 07620282 core:LandBuildings 2023-03-31 07620282 core:MotorVehicles 2023-03-31 07620282 core:OtherPropertyPlantEquipment 2023-03-31 07620282 1 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07620282

Gray & Sons Interior Shopfitting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Gray & Sons Interior Shopfitting Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Gray & Sons Interior Shopfitting Limited

Company Information

Directors

Mr Lee Gray

Mr Antony Needham

Registered office

3 Nelson Street
Doncaster
South Yorkshire
DN4 5AD

Bankers

Barclays Bank

Accountants

Heads For Business Ltd
F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

 

Gray & Sons Interior Shopfitting Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Lee Gray

Mr Antony Needham

Principal activity

The principal activity of the company is joinery and shopfitting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 July 2024 and signed on its behalf by:
 

.........................................
Mr Lee Gray
Director

.........................................
Mr Antony Needham
Director

 

Gray & Sons Interior Shopfitting Limited

(Registration number: 07620282)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

70,964

60,321

Current assets

 

Stocks

5

385,799

142,628

Debtors

6

312,839

478,385

Cash at bank and in hand

 

116,288

49,291

 

814,926

670,304

Creditors: Amounts falling due within one year

7

(544,188)

(469,522)

Net current assets

 

270,738

200,782

Total assets less current liabilities

 

341,702

261,103

Creditors: Amounts falling due after more than one year

7

(13,333)

(23,333)

Provisions for liabilities

(4,616)

-

Net assets

 

323,753

237,770

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

323,751

237,768

Shareholders' funds

 

323,753

237,770

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 July 2024 and signed on its behalf by:
 

 

Gray & Sons Interior Shopfitting Limited

(Registration number: 07620282)
Balance Sheet as at 31 March 2024

.........................................
Mr Lee Gray
Director

.........................................
Mr Antony Needham
Director

 

Gray & Sons Interior Shopfitting Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Nelson Street
Doncaster
South Yorkshire
DN4 5AD
England

The principal place of business is:
3 Nelson Street
Doncaster
South Yorkshire
DN4 5AD
England

These financial statements were authorised for issue by the Board on 17 July 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 15).

 

Gray & Sons Interior Shopfitting Limited

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

4

tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 April 2023

70,053

11,232

25,689

45,493

Additions

-

6,770

16,480

475

Disposals

-

-

-

(266)

At 31 March 2024

70,053

18,002

42,169

45,702

Depreciation

At 1 April 2023

39,945

1,590

12,321

38,290

Charge for the year

3,011

2,831

5,608

1,611

Eliminated on disposal

-

-

-

(245)

At 31 March 2024

42,956

4,421

17,929

39,656

Carrying amount

At 31 March 2024

27,097

13,581

24,240

6,046

At 31 March 2023

30,108

9,642

13,368

7,203

Total
£

Cost or valuation

At 1 April 2023

152,467

Additions

23,725

Disposals

(266)

At 31 March 2024

175,926

Depreciation

At 1 April 2023

92,146

Charge for the year

13,061

Eliminated on disposal

(245)

At 31 March 2024

104,962

Carrying amount

At 31 March 2024

70,964

At 31 March 2023

60,321

 

Gray & Sons Interior Shopfitting Limited

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

5

stocks

2024
£

2023
£

Work in progress

385,799

142,628

6

debtors

Current

2024
£

2023
£

Trade debtors

279,718

457,874

Prepayments

12,127

11,187

Other debtors

20,994

9,324

 

312,839

478,385

 

Gray & Sons Interior Shopfitting Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

73,157

182,988

Trade creditors

 

362,444

217,900

Taxation and social security

 

34,055

19,933

Accruals and deferred income

 

72,579

47,005

Other creditors

 

1,953

1,696

 

544,188

469,522

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

13,333

23,333

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

13,333

23,333

 

Gray & Sons Interior Shopfitting Limited

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

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Other borrowings

63,157

172,988

73,157

182,988

Bank borrowings

COVID19 Bouce back Loan is denominated in Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 13 July 2026. The carrying amount at year end is £23,333 (2023 - £33,333).