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Company Registration No. SC512942 (Scotland)
Iain Gray Instrumentation Limited Unaudited accounts for the year ended 31 August 2024
Iain Gray Instrumentation Limited Unaudited accounts Contents
Page
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Iain Gray Instrumentation Limited Company Information for the year ended 31 August 2024
Director
Iain Gray
Company Number
SC512942 (Scotland)
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Iain Gray Instrumentation Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,316 
23,362 
Current assets
Debtors
166 
6,837 
Cash at bank and in hand
116,272 
110,375 
116,438 
117,212 
Creditors: amounts falling due within one year
(41,742)
(26,456)
Net current assets
74,696 
90,756 
Total assets less current liabilities
95,012 
114,118 
Creditors: amounts falling due after more than one year
(14,182)
(22,222)
Net assets
80,830 
91,896 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
80,730 
91,796 
Shareholders' funds
80,830 
91,896 
For the year ending 31 August 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 9 May 2025 and were signed on its behalf by
Iain Gray Director Company Registration No. SC512942
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Iain Gray Instrumentation Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Iain Gray Instrumentation Limited is a private company, limited by shares, registered in Scotland, registration number SC512942.
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
5,917 
22,990 
2,512 
1,814 
33,233 
At 31 August 2024
5,917 
22,990 
2,512 
1,814 
33,233 
Depreciation
At 1 September 2023
888 
7,606 
1,105 
272 
9,871 
Charge for the year
754 
1,923 
176 
193 
3,046 
At 31 August 2024
1,642 
9,529 
1,281 
465 
12,917 
Net book value
At 31 August 2024
4,275 
13,461 
1,231 
1,349 
20,316 
At 31 August 2023
5,029 
15,384 
1,407 
1,542 
23,362 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
166 
497 
Trade debtors
- 
6,340 
166 
6,837 
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Iain Gray Instrumentation Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
12,603 
Loans from directors
28,242 
- 
Accruals
13,500 
13,853 
41,742 
26,456 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,182 
22,222 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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