IRIS Accounts Production v24.3.2.46 08616737 director 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086167372023-08-31086167372024-08-31086167372023-09-012024-08-31086167372022-08-31086167372022-09-012023-08-31086167372023-08-3108616737ns15:EnglandWales2023-09-012024-08-3108616737ns14:PoundSterling2023-09-012024-08-3108616737ns10:Director12023-09-012024-08-3108616737ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108616737ns10:SmallEntities2023-09-012024-08-3108616737ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108616737ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108616737ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108616737ns10:FullAccounts2023-09-012024-08-3108616737ns10:RegisteredOffice2023-09-012024-08-3108616737ns5:CurrentFinancialInstruments2024-08-3108616737ns5:CurrentFinancialInstruments2023-08-3108616737ns5:Non-currentFinancialInstruments2024-08-3108616737ns5:Non-currentFinancialInstruments2023-08-3108616737ns5:ShareCapital2024-08-3108616737ns5:ShareCapital2023-08-3108616737ns5:RetainedEarningsAccumulatedLosses2024-08-3108616737ns5:RetainedEarningsAccumulatedLosses2023-08-3108616737ns5:PlantMachinery2023-08-3108616737ns5:PlantMachinery2023-09-012024-08-3108616737ns5:PlantMachinery2024-08-3108616737ns5:PlantMachinery2023-08-3108616737ns5:CostValuation2023-08-3108616737ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-08-3108616737ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31
REGISTERED NUMBER: 08616737 (England and Wales)
















Financial Statements for the Year Ended 31 August 2024

for

Adam Gray Projects Ltd

Adam Gray Projects Ltd (Registered number: 08616737)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adam Gray Projects Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A Gray





REGISTERED OFFICE: Queensgate House
48 Queen Street
Exeter
EX4 3SR





REGISTERED NUMBER: 08616737 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Adam Gray Projects Ltd (Registered number: 08616737)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,246 4,996
Investments 5 100 100
Investment property 6 336,000 336,000
340,346 341,096

CURRENT ASSETS
Debtors 7 725,291 738,097
Cash at bank 3,769 19,075
729,060 757,172
CREDITORS
Amounts falling due within one year 8 44,523 69,779
NET CURRENT ASSETS 684,537 687,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,024,883

1,028,489

CREDITORS
Amounts falling due after more than one year 9 (10,913 ) (20,727 )

PROVISIONS FOR LIABILITIES (1,062 ) (949 )
NET ASSETS 1,012,908 1,006,813

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,012,708 1,006,613
1,012,908 1,006,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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

Adam Gray Projects Ltd (Registered number: 08616737)

Balance Sheet - continued
31 August 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 12 February 2025 and were signed by:





A Gray - Director


Adam Gray Projects Ltd (Registered number: 08616737)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Adam Gray Projects 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. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Adam Gray Projects Ltd (Registered number: 08616737)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 7,049
DEPRECIATION
At 1 September 2023 2,053
Charge for year 750
At 31 August 2024 2,803
NET BOOK VALUE
At 31 August 2024 4,246
At 31 August 2023 4,996

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 336,000
NET BOOK VALUE
At 31 August 2024 336,000
At 31 August 2023 336,000

Adam Gray Projects Ltd (Registered number: 08616737)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 (37,139 )
Valuation in 2022 373,139
336,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 172,001 167,880
Other debtors 553,290 570,217
725,291 738,097

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 9,814 10,003
Taxation and social security 30,829 55,425
Other creditors 3,880 4,351
44,523 69,779

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 10,913 20,727