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Registration number: 09379350

East & Gray Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

East & Gray Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

East & Gray Ltd

Company Information

Director

Mr Ibrar Ahmed

Registered office

Kingston House
Southdown Industrial Estate
Harpenden
AL5 1PW

 

East & Gray Ltd

(Registration number: 09379350)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

261

4,325

Current assets

 

Debtors

5

19,211

76,373

Cash at bank and in hand

 

70,772

19,117

 

89,983

95,490

Creditors: Amounts falling due within one year

6

(100,642)

(70,072)

Net current (liabilities)/assets

 

(10,659)

25,418

Total assets less current liabilities

 

(10,398)

29,743

Creditors: Amounts falling due after more than one year

6

(29,847)

(35,443)

Provisions for liabilities

(100)

(822)

Net liabilities

 

(40,345)

(6,522)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(41,345)

(7,522)

Shareholders' deficit

 

(40,345)

(6,522)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2025
 

.........................................
Mr Ibrar Ahmed
Director

Director's responsibilities:

 

East & Gray Ltd

(Registration number: 09379350)
Balance Sheet as at 31 May 2024

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

East & Gray Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Kingston House
Southdown Industrial Estate
Harpenden
AL5 1PW
England

These financial statements were authorised for issue by the director on 20 February 2025.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 8).

 

East & Gray Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

90,000

90,000

At 31 May 2024

90,000

90,000

Amortisation

At 1 June 2023

90,000

90,000

At 31 May 2024

90,000

90,000

Carrying amount

At 31 May 2024

-

-

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

55,491

2,762

58,253

At 31 May 2024

55,491

2,762

58,253

Depreciation

At 1 June 2023

51,646

2,281

53,927

Charge for the year

3,845

220

4,065

At 31 May 2024

55,491

2,501

57,992

Carrying amount

At 31 May 2024

-

261

261

At 31 May 2023

3,844

481

4,325

The Finance leases are secured on the assets concerned. At the balance sheet date, the total net book value of assets held under hire purchase agreements was £Nil (2023: £2,010). the total depreciation charges in the period on these assets was £2,244 (2023: £2,681).
 

 

East & Gray Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024





 

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,165

783

Other debtors

14,046

75,590

 

19,211

76,373

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

5,597

5,898

Trade creditors

 

78,164

19,733

Taxation and social security

 

14,650

43,611

Accruals and deferred income

 

1,170

1,170

Other creditors

 

1,061

(340)

 

100,642

70,072

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

29,847

35,443

Within loans and borrowings there is a £35,443 bounce back loan from the government provided through Lloyds. As per government regulations there is no security required on this loan by either East & Gray Ltd or the directors.

7

Share capital

Allotted, called up and fully paid shares

 

East & Gray Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

 

2024

2023

 

No.

£

No.

£

Ordinary Share of £1 each

1,000

1,000

1,000

1,000

         

8

Related party transactions

At the balance sheet date the company owed£Nil to its Director. Last year £61,544 was owed by R Cates the director, which was repaid in this period, with the previous S455 being reclaimed.

 

East & Gray Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

9

Ultimate controling party

The ultimate controlling party is Sheena Cates by virtue of his majority shareholding.

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

29,847

35,443

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,597

5,597

Hire purchase contracts

-

301

5,597

5,898