IRIS Accounts Production v25.1.3.33 04688289 director 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046882892023-12-31046882892024-12-31046882892024-01-012024-12-31046882892022-12-31046882892023-01-012023-12-31046882892023-12-3104688289ns15:EnglandWales2024-01-012024-12-3104688289ns14:PoundSterling2024-01-012024-12-3104688289ns10:Director12024-01-012024-12-3104688289ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104688289ns10:SmallEntities2024-01-012024-12-3104688289ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104688289ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104688289ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104688289ns10:FullAccounts2024-01-012024-12-310468828912024-01-012024-12-3104688289ns10:CompanySecretary12024-01-012024-12-3104688289ns10:RegisteredOffice2024-01-012024-12-3104688289ns5:CurrentFinancialInstruments2024-12-3104688289ns5:CurrentFinancialInstruments2023-12-3104688289ns5:Non-currentFinancialInstruments2024-12-3104688289ns5:Non-currentFinancialInstruments2023-12-3104688289ns5:ShareCapital2024-12-3104688289ns5:ShareCapital2023-12-3104688289ns5:RetainedEarningsAccumulatedLosses2024-12-3104688289ns5:RetainedEarningsAccumulatedLosses2023-12-3104688289ns5:NetGoodwill2024-01-012024-12-3104688289ns5:PlantMachinery2024-01-012024-12-3104688289ns5:MotorVehicles2024-01-012024-12-3104688289ns5:ComputerEquipment2024-01-012024-12-3104688289ns5:NetGoodwill2023-12-3104688289ns5:NetGoodwill2024-12-3104688289ns5:NetGoodwill2023-12-3104688289ns5:PlantMachinery2023-12-3104688289ns5:MotorVehicles2023-12-3104688289ns5:ComputerEquipment2023-12-3104688289ns5:PlantMachinery2024-12-3104688289ns5:MotorVehicles2024-12-3104688289ns5:ComputerEquipment2024-12-3104688289ns5:PlantMachinery2023-12-3104688289ns5:MotorVehicles2023-12-3104688289ns5:ComputerEquipment2023-12-3104688289ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104688289ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104688289ns5:Non-currentFinancialInstruments2024-01-012024-12-3104688289ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3104688289ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3104688289ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3104688289ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3104688289ns5:HirePurchaseContracts2024-12-3104688289ns5:HirePurchaseContracts2023-12-31046882891ns10:Director12023-12-31046882891ns10:Director12022-12-31046882891ns10:Director12024-01-012024-12-31046882891ns10:Director12023-01-012023-12-31046882891ns10:Director12024-12-31046882891ns10:Director12023-12-31
REGISTERED NUMBER: 04688289 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GRAYS TECHNICAL & SECURITY LTD

GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAYS TECHNICAL & SECURITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: John Damien Gray





SECRETARY: Hayley Jane Gray





REGISTERED OFFICE: 16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 5NJ





REGISTERED NUMBER: 04688289 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,012 85,154
51,012 85,154

CURRENT ASSETS
Stocks 167,097 68,880
Debtors 6 53,765 74,063
Cash at bank 245,019 377,810
465,881 520,753
CREDITORS
Amounts falling due within one year 7 141,295 178,882
NET CURRENT ASSETS 324,586 341,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,598

427,025

CREDITORS
Amounts falling due after more than
one year

8

(27,781

)

(47,665

)

PROVISIONS FOR LIABILITIES (11,081 ) (13,937 )
NET ASSETS 336,736 365,423

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 336,636 365,323
336,736 365,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





John Damien Gray - Director


GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Grays Technical & Security Ltd 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.

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

GOODWILL
Goodwill and other intangible fixed assets have been capitalised and are amortised on a straight line basis over the estimated useful economic life of one year, which was chosen because the directors are of the opinion that this is the period which the company will receive economic benefits from these assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

STOCKS
Stocks 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 Profit and Loss Account, 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 balance sheet date.


GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 balance sheet 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible assets. The related obligations, net of future charges, are included in creditors.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 January 2024 13,643 113,057 5,942 132,642
Additions 991 90,266 737 91,994
Disposals - (145,031 ) - (145,031 )
At 31 December 2024 14,634 58,292 6,679 79,605
DEPRECIATION
At 1 January 2024 7,347 35,808 4,333 47,488
Charge for year 1,027 6,272 1,109 8,408
Eliminated on disposal - (27,303 ) - (27,303 )
At 31 December 2024 8,374 14,777 5,442 28,593
NET BOOK VALUE
At 31 December 2024 6,260 43,515 1,237 51,012
At 31 December 2023 6,296 77,249 1,609 85,154

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,075 65,515
Other debtors 12,690 8,548
53,765 74,063

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 5,191 8,458
Trade creditors 94,984 71,120
Taxation and social security 38,147 83,113
Other creditors 2,973 16,191
141,295 178,882

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 27,781 47,665

The obligations under finance leases and hire purchase contracts are secured by a charge over the
assets purchased under these agreement.

GRAYS TECHNICAL & SECURITY LTD (REGISTERED NUMBER: 04688289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,191 8,458
Between one and five years 27,781 47,665
32,972 56,123

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are
held separately from those of the company in an independently administered fund. The pension cost
represents contributions payable by the company to the fund and amounted to £86 (2023:
£86). Contributions totalling £7 (2023: £7) were payable to the fund at the year end and are
included in creditors.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
John Damien Gray
Balance outstanding at start of year (13,204 ) (29,187 )
Amounts advanced 101,115 86,000
Amounts repaid (82,594 ) (70,017 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,317 (13,204 )