Company Registration No. 08071922 (England and Wales)
GRAYSONS H & E SERVICES LIMITED
Unaudited accounts
for the year ended 31 May 2024
GRAYSONS H & E SERVICES LIMITED
Unaudited accounts
Contents
GRAYSONS H & E SERVICES LIMITED
Company Information
for the year ended 31 May 2024
Company Number
08071922 (England and Wales)
Registered Office
Kedros
Moss Side
Formby
Merseyside
L37 0AE
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
GRAYSONS H & E SERVICES LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
2,329,056
2,445,036
Inventories
553,845
203,550
Debtors
3,973,547
3,780,543
Creditors: amounts falling due within one year
(997,238)
(1,149,776)
Net current assets
3,530,154
2,834,317
Total assets less current liabilities
5,859,210
5,279,353
Creditors: amounts falling due after more than one year
(1,375,884)
(1,321,419)
Net assets
4,483,326
3,957,934
Called up share capital
100
100
Profit and loss account
4,483,226
3,957,834
Shareholders' funds
4,483,326
3,957,934
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 14 April 2025 and were signed on its behalf by
P M Grayson
Director
Company Registration No. 08071922
GRAYSONS H & E SERVICES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
GRAYSONS H & E SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08071922. The registered office is Kedros, Moss Side, Formby, Merseyside, L37 0AE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
10% reducing balance
Motor vehicles
10% reducing balance
Computer equipment
33% reducing balance
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.
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.
GRAYSONS H & E SERVICES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At valuation
At cost
At 1 June 2023
295,441
993,094
2,443,587
12,625
3,744,747
Additions
-
53,819
376,307
-
430,126
Revaluations
-
-
182,429
-
182,429
Disposals
-
-
(899,370)
-
(899,370)
At 31 May 2024
295,441
1,046,913
2,102,953
12,625
3,457,932
At 1 June 2023
-
464,668
824,807
10,236
1,299,711
Charge for the year
-
58,224
147,286
796
206,306
On disposals
-
-
(377,141)
-
(377,141)
At 31 May 2024
-
522,892
594,952
11,032
1,128,876
At 31 May 2024
295,441
524,021
1,508,001
1,593
2,329,056
At 31 May 2023
295,441
528,426
1,618,780
2,389
2,445,036
Amounts falling due within one year
Trade debtors
335,011
566,730
Amounts due from group undertakings etc.
3,638,536
3,213,813
GRAYSONS H & E SERVICES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
277,028
282,895
Obligations under finance leases and hire purchase contracts
295,106
424,025
Trade creditors
202,199
300,996
Taxes and social security
214,949
128,186
Loans from directors
7,956
-
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
306,851
250,000
Obligations under finance leases and hire purchase contracts
1,069,033
1,071,419
9
Average number of employees
During the year the average number of employees was 23 (2023: 20).