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REGISTERED NUMBER: 01922219 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

GREGORY DEMOLITION LIMITED

GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GREGORY DEMOLITION LIMITED

Company Information
for the year ended 31 October 2023







Directors: R A Gregory
D A Gregory





Secretary: D A Gregory





Registered office: Palmerston House
814 Brighton Road
Purley
Surrey
CR8 2BR





Registered number: 01922219 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gregory Demolition Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gregory Demolition Limited for the year ended 31 October 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gregory Demolition Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gregory Demolition Limited and state those matters that we have agreed to state to the Board of Directors of Gregory Demolition Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gregory Demolition Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gregory Demolition Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gregory Demolition Limited. You consider that Gregory Demolition Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gregory Demolition Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


31 October 2024

GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 362,094 383,346
Investments 5 80,500 80,500
442,594 463,846

Current assets
Stocks 147,315 99,969
Debtors 6 441,915 551,552
Cash at bank 7,590 42
596,820 651,563
Creditors
Amounts falling due within one year 7 800,032 827,696
Net current liabilities (203,212 ) (176,133 )
Total assets less current liabilities 239,382 287,713

Creditors
Amounts falling due after more than one
year

8

(169,195

)

(189,023

)

Provisions for liabilities (66,797 ) (70,835 )
Net assets 3,390 27,855

Capital and reserves
Called up share capital 9 25,000 25,000
Retained earnings (21,610 ) 2,855
Shareholders' funds 3,390 27,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Balance Sheet - continued
31 October 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





D A Gregory - Director


GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Gregory Demolition Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 November 2022
and 31 October 2023 2,327,235 485,524 2,812,759
Depreciation
At 1 November 2022 1,976,248 453,165 2,429,413
Charge for year 17,183 4,069 21,252
At 31 October 2023 1,993,431 457,234 2,450,665
Net book value
At 31 October 2023 333,804 28,290 362,094
At 31 October 2022 350,987 32,359 383,346

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investment 80,500 80,500

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 944 944
Other debtors 440,971 550,608
441,915 551,552

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 19,829 19,829
Trade creditors 44,096 68,327
Taxation and social security 66,321 68,022
Other creditors 669,786 671,518
800,032 827,696

GREGORY DEMOLITION LIMITED (REGISTERED NUMBER: 01922219)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 34,281 54,109
Other creditors 134,914 134,914
169,195 189,023

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary 1 25,000 25,000