1 June 2023 false No description of principal activity Taxfiler 2024.6 08071922business:PrivateLimitedCompanyLtd2023-06-012024-05-31 080719222023-05-31 080719222023-06-012024-05-31 08071922business:AuditExemptWithAccountantsReport2023-06-012024-05-31 08071922business:FilletedAccounts2023-06-012024-05-31 080719222024-05-31 08071922business:Director12023-06-012024-05-31 08071922business:CompanySecretary12023-06-012024-05-31 08071922business:RegisteredOffice2023-06-012024-05-31 080719222023-05-31 08071922core:WithinOneYear2024-05-31 08071922core:WithinOneYear2023-05-31 08071922core:AfterOneYear2024-05-31 08071922core:AfterOneYear2023-05-31 08071922core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 08071922core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 08071922core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 08071922core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 08071922core:PreviouslyStatedAmount2024-05-31 08071922core:PreviouslyStatedAmount2023-05-31 08071922business:SmallEntities2023-06-012024-05-31 08071922countries:EnglandWales2023-06-012024-05-31 08071922core:PlantMachinery2023-06-012024-05-31 08071922core:MotorVehicles2023-06-012024-05-31 08071922core:ComputerEquipment2023-06-012024-05-31 08071922core:IntangibleAssetsOtherThanGoodwill2023-05-31 08071922core:IntangibleAssetsOtherThanGoodwill2024-05-31 08071922core:LandBuildings2023-05-31 08071922core:PlantMachinery2023-05-31 08071922core:MotorVehicles2023-05-31 08071922core:ComputerEquipment2023-05-31 08071922core:LandBuildings2023-06-012024-05-31 08071922core:LandBuildings2024-05-31 08071922core:PlantMachinery2024-05-31 08071922core:MotorVehicles2024-05-31 08071922core:ComputerEquipment2024-05-31 080719222022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
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GRAYSONS H & E SERVICES LIMITED Company Information for the year ended 31 May 2024
Director
P M Grayson
Secretary
B Grayson
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
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GRAYSONS H & E SERVICES LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,329,056 
2,445,036 
Current assets
Inventories
553,845 
203,550 
Debtors
3,973,547 
3,780,543 
4,527,392 
3,984,093 
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 
Capital and reserves
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
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GRAYSONS H & E SERVICES LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
Inventories
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
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.
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.
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GRAYSONS H & E SERVICES LIMITED Notes to the Accounts for the year ended 31 May 2024
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
270,000 
At 31 May 2024
270,000 
Amortisation
At 1 June 2023
270,000 
At 31 May 2024
270,000 
Net book value
At 31 May 2024
- 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
335,011 
566,730 
Amounts due from group undertakings etc.
3,638,536 
3,213,813 
3,973,547 
3,780,543 
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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 
Other creditors
- 
13,674 
Loans from directors
7,956 
- 
997,238 
1,149,776 
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 
1,375,884 
1,321,419 
9
Average number of employees
During the year the average number of employees was 23 (2023: 20).
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