Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-311The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseNo description of principal activity1falsetruefalse 13424569 2023-06-01 2024-05-31 13424569 2022-06-01 2023-05-31 13424569 2024-05-31 13424569 2023-05-31 13424569 c:Director1 2023-06-01 2024-05-31 13424569 d:MotorVehicles 2023-06-01 2024-05-31 13424569 d:MotorVehicles 2024-05-31 13424569 d:MotorVehicles 2023-05-31 13424569 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13424569 d:OfficeEquipment 2023-06-01 2024-05-31 13424569 d:OfficeEquipment 2024-05-31 13424569 d:OfficeEquipment 2023-05-31 13424569 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13424569 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13424569 d:CurrentFinancialInstruments 2024-05-31 13424569 d:CurrentFinancialInstruments 2023-05-31 13424569 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13424569 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13424569 d:ShareCapital 2024-05-31 13424569 d:ShareCapital 2023-05-31 13424569 d:RetainedEarningsAccumulatedLosses 2024-05-31 13424569 d:RetainedEarningsAccumulatedLosses 2023-05-31 13424569 c:FRS102 2023-06-01 2024-05-31 13424569 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13424569 c:FullAccounts 2023-06-01 2024-05-31 13424569 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13424569 2 2023-06-01 2024-05-31 13424569 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 13424569









A GRAY HAULAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
A GRAY HAULAGE LIMITED
REGISTERED NUMBER: 13424569

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,343
404

  
14,343
404

Current assets
  

Debtors: amounts falling due within one year
 5 
4,886
9,385

Cash at bank and in hand
 6 
442
8,835

  
5,328
18,220

Creditors: amounts falling due within one year
 7 
(18,966)
(17,151)

Net current (liabilities)/assets
  
 
 
(13,638)
 
 
1,069

Total assets less current liabilities
  
705
1,473

  

Net assets
  
705
1,473


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
605
1,373

  
705
1,473


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2024.



Page 1

 
A GRAY HAULAGE LIMITED
REGISTERED NUMBER: 13424569
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024


................................................
Andrew Gray
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
A GRAY HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

A Gray Haulage Limited is a private company limited by shares, registered in the United Kingdom number 13424569. Its registered office is Manor House, 35 St. Thomas's Road, Chorley, Lancashire, PR7 1HP. During the year, the principal activity of the company was that of freight transport by road.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
A GRAY HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
Office equipment
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
A GRAY HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
12,576
12,576

Social security costs
480
505

13,056
13,081


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
-
500
500


Additions
14,000
-
14,000



At 31 May 2024

14,000
500
14,500



Depreciation


At 1 June 2023
-
96
96


Charge for the year on owned assets
-
61
61



At 31 May 2024

-
157
157



Net book value



At 31 May 2024
14,000
343
14,343



At 31 May 2023
-
404
404


5.


Debtors

2024
2023
£
£


Trade debtors
4,885
9,385

Other debtors
1
-
Page 5

 
A GRAY HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.Debtors (continued)


4,886
9,385



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
442
8,835

442
8,835



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2,038

Corporation tax
5,225
6,966

Other taxation and social security
2,956
5,709

Other creditors
7,584
412

Accruals and deferred income
3,201
2,026

18,966
17,151


 
Page 6