1 July 2023 false No description of principal activity Taxfiler 2024.6 08104938business:PrivateLimitedCompanyLtd2023-07-012024-06-30 081049382023-06-30 081049382023-07-012024-06-30 08104938business:AuditExemptWithAccountantsReport2023-07-012024-06-30 08104938business:FilletedAccounts2023-07-012024-06-30 081049382024-06-30 081049382023-06-30 08104938core:WithinOneYear2024-06-30 08104938core:WithinOneYear2023-06-30 08104938core:AfterOneYear2024-06-30 08104938core:AfterOneYear2023-06-30 08104938core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 08104938core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 08104938core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 08104938core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 08104938core:PreviouslyStatedAmount2024-06-30 08104938core:PreviouslyStatedAmount2023-06-30 08104938business:SmallEntities2023-07-012024-06-30 08104938business:Director22023-07-012024-06-30 08104938countries:EnglandWales2023-07-012024-06-30 08104938business:RegisteredOffice2023-07-012024-06-30 08104938core:MotorVehicles2023-07-012024-06-30 08104938core:ComputerEquipment2023-07-012024-06-30 08104938core:MotorVehicles2023-06-30 08104938core:ComputerEquipment2023-06-30 08104938core:MotorVehicles2024-06-30 08104938core:ComputerEquipment2024-06-30 08104938core:AcceleratedTaxDepreciationDeferredTax2024-06-30 08104938core:AcceleratedTaxDepreciationDeferredTax2023-06-30 081049382022-06-30 081049382022-07-012023-06-30 08104938business:OrdinaryShareClass12023-07-012024-06-30 08104938business:OrdinaryShareClass12022-07-012023-06-30 08104938business:Director12023-07-012024-06-30 08104938business:Director122023-07-012024-06-30 08104938business:Director122023-06-30 08104938business:Director122024-06-30 08104938business:Director212023-07-012024-06-30 08104938business:Director212023-06-30 08104938business:Director212024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08104938 (England and Wales)
Grey Matters Performance Limited Unaudited accounts for the year ended 30 June 2024
Grey Matters Performance Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,103 
45,371 
Current assets
Debtors
36,808 
84,834 
Cash at bank and in hand
62,681 
53,172 
99,489 
138,006 
Creditors: amounts falling due within one year
(77,225)
(65,451)
Net current assets
22,264 
72,555 
Total assets less current liabilities
85,367 
117,926 
Creditors: amounts falling due after more than one year
(63,866)
(45,628)
Provisions for liabilities
Deferred tax
(10,634)
(8,620)
Net assets
10,867 
63,678 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,767 
63,578 
Shareholders' funds
10,867 
63,678 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Helen Brooker-Collins Director Company Registration No. 08104938
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Grey Matters Performance Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Grey Matters Performance Limited is a private company, limited by shares, registered in England and Wales, registration number 08104938. The registered office is Apple Tree Cottage, 181 Church Bank, Lower Binton, Stratford-upon-Avon, Warwickshire, CV37 9TQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Grey Matters Performance Limited Notes to the Accounts for the year ended 30 June 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
94,230 
4,732 
98,962 
Additions
44,345 
- 
44,345 
At 30 June 2024
138,575 
4,732 
143,307 
Depreciation
At 1 July 2023
51,041 
2,550 
53,591 
Charge for the year
25,036 
1,577 
26,613 
At 30 June 2024
76,077 
4,127 
80,204 
Net book value
At 30 June 2024
62,498 
605 
63,103 
At 30 June 2023
43,189 
2,182 
45,371 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,061 
75,255 
Accrued income and prepayments
6,198 
2,030 
Other debtors
7,549 
7,549 
36,808 
84,834 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
891 
8,628 
Obligations under finance leases and hire purchase contracts
22,132 
20,922 
Trade creditors
27,512 
1,589 
Taxes and social security
5,002 
38,163 
Other creditors
16,818 
19,289 
Loans from directors
3,701 
(24,228)
Accruals
1,169 
1,088 
77,225 
65,451 
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Grey Matters Performance Limited Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
63,866 
45,628 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
10,634 
8,620 
2024 
2023 
£ 
£ 
Provision at start of year
8,620 
13,396 
Charged/(credited) to the profit and loss account
2,014 
(4,776)
Provision at end of year
10,634 
8,620 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
David Collins
David Collins
12,114 
- 
12,114 
- 
Helen Brooker-Collins
Helen Brooker Collins
12,114 
- 
12,114 
- 
24,228 
- 
24,228 
- 
11
Average number of employees
During the year the average number of employees was 10 (2023: 11).
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