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REGISTERED NUMBER: 04653614 (England and Wales)















GRAYSON BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

GRAYSON BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: G A Grayson
H C Grayson
Mrs S P Grayson





SECRETARY: Mrs S P Grayson





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 04653614 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 152,043 62,003
152,043 62,003

CURRENT ASSETS
Inventories 735,452 732,092
Debtors 6 38,255 898
Cash at bank 23,732 114,880
797,439 847,870
CREDITORS
Amounts falling due within one year 7 489,948 594,597
NET CURRENT ASSETS 307,491 253,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,534

315,276

CREDITORS
Amounts falling due after more than one
year

8

33,061

48,310
NET ASSETS 426,473 266,966

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 426,273 266,766
SHAREHOLDERS' FUNDS 426,473 266,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





G A Grayson - Director


GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Grayson Builders 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and Machinery - 20% on cost
Fixtures and Fittings - 15% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 35,000
AMORTISATION
At 1 March 2023
and 29 February 2024 35,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property Machinery Fittings
£    £    £   
COST
At 1 March 2023 14,781 48,833 4,607
Additions - 61,021 -
Disposals - (18,275 ) -
At 29 February 2024 14,781 91,579 4,607
DEPRECIATION
At 1 March 2023 14,780 29,605 4,160
Charge for year - 11,290 104
Eliminated on disposal - - -
At 29 February 2024 14,780 40,895 4,264
NET BOOK VALUE
At 29 February 2024 1 50,684 343
At 28 February 2023 1 19,228 447

GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
Vehicles Equipment Totals
£    £    £   
COST
At 1 March 2023 72,570 19,300 160,091
Additions 90,000 2,782 153,803
Disposals (41,919 ) - (60,194 )
At 29 February 2024 120,651 22,082 253,700
DEPRECIATION
At 1 March 2023 32,363 17,180 98,088
Charge for year 3,674 1,028 16,096
Eliminated on disposal (12,527 ) - (12,527 )
At 29 February 2024 23,510 18,208 101,657
NET BOOK VALUE
At 29 February 2024 97,141 3,874 152,043
At 28 February 2023 40,207 2,120 62,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,200 -
Other debtors 4,055 898
38,255 898

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,509 6,683
Trade creditors 42,083 29,430
Taxation and social security 54,280 57,773
Other creditors 374,076 490,711
489,948 594,597

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,571 22,571
Hire purchase contracts 20,490 25,739
33,061 48,310

GRAYSON BUILDERS LIMITED (REGISTERED NUMBER: 04653614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B Shares £1 100 100
200 200

10. RELATED PARTY DISCLOSURES

During the year the company repaid £15,000 (2023: £NIL) to Halifax Timber Merchants Ltd, a company controlled by G Grayson, a shareholder. At the year end £3,500 was owed from Halifax Timber to Grayson Builders (2023: £11,500) was owed to Halifax Timber.

GRAYSON BUILDERS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GRAYSON BUILDERS 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


26 July 2024