IRIS Accounts Production v24.3.2.46 04197834 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041978342023-04-30041978342024-04-30041978342023-05-012024-04-30041978342022-04-30041978342022-05-012023-04-30041978342023-04-3004197834ns15:EnglandWales2023-05-012024-04-3004197834ns14:PoundSterling2023-05-012024-04-3004197834ns10:Director12023-05-012024-04-3004197834ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004197834ns10:SmallEntities2023-05-012024-04-3004197834ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004197834ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004197834ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004197834ns10:FullAccounts2023-05-012024-04-300419783412023-05-012024-04-3004197834ns10:RegisteredOffice2023-05-012024-04-3004197834ns5:CurrentFinancialInstruments2024-04-3004197834ns5:CurrentFinancialInstruments2023-04-3004197834ns5:Non-currentFinancialInstruments2024-04-3004197834ns5:Non-currentFinancialInstruments2023-04-3004197834ns5:ShareCapital2024-04-3004197834ns5:ShareCapital2023-04-3004197834ns5:RetainedEarningsAccumulatedLosses2024-04-3004197834ns5:RetainedEarningsAccumulatedLosses2023-04-3004197834ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004197834ns5:IntangibleAssetsOtherThanGoodwill2023-04-3004197834ns5:IntangibleAssetsOtherThanGoodwill2024-04-3004197834ns5:IntangibleAssetsOtherThanGoodwill2023-04-3004197834ns5:PlantMachinery2023-04-3004197834ns5:PlantMachinery2024-04-3004197834ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004197834ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30041978341ns10:Director12023-04-30041978341ns10:Director12022-04-30041978341ns10:Director12023-05-012024-04-30041978341ns10:Director12022-05-012023-04-30041978341ns10:Director12024-04-30041978341ns10:Director12023-04-30
REGISTERED NUMBER: 04197834 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WILLIAM GREGOR LIMITED

WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAM GREGOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Jayavelan Thangappan





REGISTERED OFFICE: 364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY





REGISTERED NUMBER: 04197834 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,748 5,016
Tangible assets 5 - -
4,748 5,016

CURRENT ASSETS
Stocks 41,000 39,000
Debtors 6 25,472 34,895
Cash at bank and in hand 15,654 8,404
82,126 82,299
CREDITORS
Amounts falling due within one year 7 66,435 63,543
NET CURRENT ASSETS 15,691 18,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,439

23,772

CREDITORS
Amounts falling due after more than one
year

8

10,800

15,785
NET ASSETS 9,639 7,987

CAPITAL AND RESERVES
Called up share capital 6,100 6,100
Retained earnings 3,539 1,887
9,639 7,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)

BALANCE SHEET - continued
30 APRIL 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 20 January 2025 and were signed by:





Jayavelan Thangappan - Director


WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

William Gregor 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.

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 as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible assets
Fees in relation to systems development and software licenses are included at cost and depreciated in equal instalments over 3 years. Expenditure incurred on maintaining the systems are written off as incurred.

Tangible fixed assets
Tangible fixed assets 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 costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and Machinery - 25% Straight Line


The asset's 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 and loss.

WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss

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.

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 1 (2023 - 1 ) .

WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 65,072
Additions 5,178
At 30 April 2024 70,250
AMORTISATION
At 1 May 2023 60,056
Charge for year 5,446
At 30 April 2024 65,502
NET BOOK VALUE
At 30 April 2024 4,748
At 30 April 2023 5,016

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 4,027
DEPRECIATION
At 1 May 2023
and 30 April 2024 4,027
NET BOOK VALUE
At 30 April 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 25,472 34,895

WILLIAM GREGOR LIMITED (REGISTERED NUMBER: 04197834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,466 3,772
Trade creditors 17,005 16,923
Taxation and social security 22,306 19,626
Other creditors 18,658 23,222
66,435 63,543

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,800 15,785

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Jayavelan Thangappan
Balance outstanding at start of year (186 ) (466 )
Amounts advanced - 280
Amounts repaid (879 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,065 ) (186 )