IRIS Accounts Production v25.1.3.33 04721012 Board of Directors Board of Directors 1.6.23 30.11.24 30.11.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047210122023-05-31047210122024-11-30047210122023-06-012024-11-30047210122022-05-31047210122022-06-012023-05-31047210122023-05-3104721012ns15:EnglandWales2023-06-012024-11-3004721012ns14:PoundSterling2023-06-012024-11-3004721012ns10:Director12023-06-012024-11-3004721012ns10:Director22023-06-012024-11-3004721012ns10:PrivateLimitedCompanyLtd2023-06-012024-11-3004721012ns10:SmallEntities2023-06-012024-11-3004721012ns10:AuditExemptWithAccountantsReport2023-06-012024-11-3004721012ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-11-3004721012ns10:SmallCompaniesRegimeForAccounts2023-06-012024-11-3004721012ns10:FullAccounts2023-06-012024-11-3004721012ns10:OrdinaryShareClass12023-06-012024-11-3004721012ns10:CompanySecretary12023-06-012024-11-3004721012ns10:RegisteredOffice2023-06-012024-11-3004721012ns5:CurrentFinancialInstruments2024-11-3004721012ns5:CurrentFinancialInstruments2023-05-3104721012ns5:Non-currentFinancialInstruments2024-11-3004721012ns5:Non-currentFinancialInstruments2023-05-3104721012ns5:ShareCapital2024-11-3004721012ns5:ShareCapital2023-05-3104721012ns5:SharePremium2024-11-3004721012ns5:SharePremium2023-05-3104721012ns5:RetainedEarningsAccumulatedLosses2024-11-3004721012ns5:RetainedEarningsAccumulatedLosses2023-05-3104721012ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-012024-11-3004721012ns5:PlantMachinery2023-06-012024-11-3004721012ns5:FurnitureFittings2023-06-012024-11-3004721012ns5:ComputerEquipment2023-06-012024-11-3004721012ns5:LandBuildings2023-05-3104721012ns5:PlantMachinery2023-05-3104721012ns5:FurnitureFittings2023-05-3104721012ns5:ComputerEquipment2023-05-3104721012ns5:LandBuildings2023-06-012024-11-3004721012ns5:LandBuildings2024-11-3004721012ns5:PlantMachinery2024-11-3004721012ns5:FurnitureFittings2024-11-3004721012ns5:ComputerEquipment2024-11-3004721012ns5:LandBuildings2023-05-3104721012ns5:PlantMachinery2023-05-3104721012ns5:FurnitureFittings2023-05-3104721012ns5:ComputerEquipment2023-05-3104721012ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3004721012ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104721012ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-3004721012ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3104721012ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3004721012ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3104721012ns5:Secured2024-11-3004721012ns5:Secured2023-05-3104721012ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 04721012 (England and Wales)














Unaudited Financial Statements

for the Period 1 June 2023 to 30 November 2024

for

Grays Of Holbeach Limited

Grays Of Holbeach Limited (Registered number: 04721012)

Contents of the Financial Statements
for the Period 1 June 2023 to 30 November 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Grays Of Holbeach Limited

Company Information
for the Period 1 June 2023 to 30 November 2024







Directors: D A Gray
P J Gray





Secretary: Mrs B M Gray





Registered office: Fen Road Garage
Holbeach
Spalding
Lincolnshire
PE12 8QA





Registered number: 04721012 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Grays Of Holbeach Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grays Of Holbeach Limited for the period ended 30 November 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Grays Of Holbeach Limited, as a body, in accordance with the terms of our engagement letter dated 30 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Grays Of Holbeach Limited and state those matters that we have agreed to state to the Board of Directors of Grays Of Holbeach Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grays Of Holbeach Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Grays Of Holbeach Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Grays Of Holbeach Limited. You consider that Grays Of Holbeach Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Grays Of Holbeach Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


1 June 2025

Grays Of Holbeach Limited (Registered number: 04721012)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 319,731 327,620

Current assets
Stocks 69,898 796,325
Debtors 6 29,723 66,769
Cash at bank and in hand 1 64,919
99,622 928,013
Creditors
Amounts falling due within one year 7 167,637 599,266
Net current (liabilities)/assets (68,015 ) 328,747
Total assets less current liabilities 251,716 656,367

Creditors
Amounts falling due after more than one
year

8

(6,110

)

(21,698

)

Provisions for liabilities - (5,014 )
Net assets 245,606 629,655

Capital and reserves
Called up share capital 10 100,000 100,000
Share premium 445,366 445,366
Retained earnings (299,760 ) 84,289
Shareholders' funds 245,606 629,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Of Holbeach Limited (Registered number: 04721012)

Statement of Financial Position - continued
30 November 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2025 and were signed on its behalf by:




D A Gray - Director



P J Gray - Director


Grays Of Holbeach Limited (Registered number: 04721012)

Notes to the Financial Statements
for the Period 1 June 2023 to 30 November 2024


1. Statutory information

Grays Of Holbeach Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Grays Of Holbeach Limited (Registered number: 04721012)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 30 November 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the period was 11 (2023 - 11 ) .

5. Tangible fixed assets
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost or valuation
At 1 June 2023
and 30 November 2024 360,975 117,878 36,315 69,674 584,842
Depreciation
At 1 June 2023 60,975 102,557 30,271 63,419 257,222
Charge for period - 3,433 1,360 3,096 7,889
At 30 November 2024 60,975 105,990 31,631 66,515 265,111
Net book value
At 30 November 2024 300,000 11,888 4,684 3,159 319,731
At 31 May 2023 300,000 15,321 6,044 6,255 327,620

Cost or valuation at 30 November 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2020 54,475 - - - 54,475
Cost 306,500 117,878 36,315 69,674 530,367
360,975 117,878 36,315 69,674 584,842

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 306,500 306,500
Aggregate depreciation 60,975 60,975

Freehold property was valued on an open market basis on 31 May 2020 by professional valuers .

Grays Of Holbeach Limited (Registered number: 04721012)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 30 November 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 23,072 65,439
Tax 281 -
Prepayments and accrued income 6,370 1,330
29,723 66,769

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 53,852 9,868
Trade creditors 13,061 317,567
Corporation tax - 281
Social security and other taxes 11,838 3,708
VAT 81,852 20,402
Other creditors 1,834 1,088
New vehicle funding - 240,952
Accruals and deferred income 5,200 5,400
167,637 599,266

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 6,110 9,868
Bank loans - 2-5 years - 11,830
6,110 21,698

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 43,444 -
Bank loans 16,518 31,566
59,962 31,566

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary shares £1 100,000 100,000