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REGISTERED NUMBER: 00495573 (England and Wales)















Unaudited Financial Statements for the Year Ended 1 June 2024

for

Edward Gray of Dudley Ltd

Edward Gray of Dudley Ltd (Registered number: 00495573)






Contents of the Financial Statements
for the Year Ended 1 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Edward Gray of Dudley Ltd

Company Information
for the Year Ended 1 June 2024







DIRECTORS: J Gray
Mrs J Healy



REGISTERED OFFICE: 54 North Street
Dudley
West Midlands
DY2 7DT



REGISTERED NUMBER: 00495573 (England and Wales)



ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA



BANKERS: National Westminster Bank plc
267 Castle Street
Dudley
West Midlands
DY1 1LJ

Edward Gray of Dudley Ltd (Registered number: 00495573)

Statement of Financial Position
1 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 309,156 301,589

CURRENT ASSETS
Stocks 72,438 71,899
Debtors 6 321,561 269,141
Cash at bank and in hand 298,499 204,519
692,498 545,559
CREDITORS
Amounts falling due within one year 7 221,556 222,934
NET CURRENT ASSETS 470,942 322,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

780,098

624,214

CREDITORS
Amounts falling due after more than one
year

8

(186,714

)

(192,199

)

PROVISIONS FOR LIABILITIES 10 (27,182 ) (23,919 )
NET ASSETS 566,202 408,096

CAPITAL AND RESERVES
Called up share capital 11 3,250 3,250
Capital redemption reserve 3,250 3,250
Retained earnings 559,702 401,596
SHAREHOLDERS' FUNDS 566,202 408,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 June 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.

Edward Gray of Dudley Ltd (Registered number: 00495573)

Statement of Financial Position - continued
1 June 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 16 January 2025 and were signed on its behalf by:





Mrs J Healy - Director


Edward Gray of Dudley Ltd (Registered number: 00495573)

Notes to the Financial Statements
for the Year Ended 1 June 2024

1. STATUTORY INFORMATION

Edward Gray of Dudley 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 33.3% on cost and 20% reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and estimated net realisable value. In establishing cost, stocks at the end of the year are taken to represent latest purchases or production. On this basis, cost comprises:

Raw materials - purchase price
Goods for re-sale - raw materials , direct labour and attributable production overheads

Net realisable value is based on estimated selling price after taking into account all further costs expected to be incurred on completion and disposal.

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 statement of financial position date.


Edward Gray of Dudley Ltd (Registered number: 00495573)

Notes to the Financial Statements - continued
for the Year Ended 1 June 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 2 June 2023 265,551 398,975 2,973 58,240 725,739
Additions - 24,910 265 - 25,175
Disposals - - - (20,645 ) (20,645 )
At 1 June 2024 265,551 423,885 3,238 37,595 730,269
DEPRECIATION
At 2 June 2023 63,273 312,525 2,418 45,934 424,150
Charge for year - 11,136 148 1,494 12,778
Eliminated on disposal - - - (15,815 ) (15,815 )
At 1 June 2024 63,273 323,661 2,566 31,613 421,113
NET BOOK VALUE
At 1 June 2024 202,278 100,224 672 5,982 309,156
At 1 June 2023 202,278 86,450 555 12,306 301,589

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,880 142,707
Amounts owed by participating interests 87,406 87,406
Other debtors 47,275 39,028
321,561 269,141

Edward Gray of Dudley Ltd (Registered number: 00495573)

Notes to the Financial Statements - continued
for the Year Ended 1 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,759 15,759
Trade creditors 74,225 63,403
Taxation and social security 109,039 85,627
Other creditors 22,533 58,145
221,556 222,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 186,714 192,199

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 123,679 129,164

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 202,473 207,958

The bank loan is secured by fixed and floating charges over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,263 3,765
Deferred tax 23,919 20,154
27,182 23,919

Deferred
tax
£   
Balance at 2 June 2023 23,919
Charge to Statement of Income and Retained Earnings during year 3,263
Balance at 1 June 2024 27,182

Edward Gray of Dudley Ltd (Registered number: 00495573)

Notes to the Financial Statements - continued
for the Year Ended 1 June 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,250 Ordinary £1 3,250 3,250