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REGISTERED NUMBER: 08854956 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Norman & Gray Ltd

Norman & Gray Ltd (Registered number: 08854956)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Norman & Gray Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Mr Phillip James Norman





REGISTERED OFFICE: Unit 1
Malton Road Business Park
Malton Road
Pickering
North Yorkshire
YO18 7JW





REGISTERED NUMBER: 08854956 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
YO21 1QL

Norman & Gray Ltd (Registered number: 08854956)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 187,328 191,765

CURRENT ASSETS
Stocks 363,694 246,046
Debtors 5 126,883 855,717
Cash at bank and in hand 252,727 230,110
743,304 1,331,873
CREDITORS
Amounts falling due within one year 6 167,159 806,358
NET CURRENT ASSETS 576,145 525,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,473

717,280

CREDITORS
Amounts falling due after more than one
year

7

(17,476

)

(30,064

)

PROVISIONS FOR LIABILITIES (47,447 ) (48,891 )
NET ASSETS 698,550 638,325

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 698,548 638,323
SHAREHOLDERS' FUNDS 698,550 638,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Norman & Gray Ltd (Registered number: 08854956)

Balance Sheet - continued
31 January 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





Mr Phillip James Norman - Director


Norman & Gray Ltd (Registered number: 08854956)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Norman & Gray 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.

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 - 10% 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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Norman & Gray Ltd (Registered number: 08854956)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2024 285,334
Additions 16,726
Disposals (1,000 )
At 31 January 2025 301,060
DEPRECIATION
At 1 February 2024 93,569
Charge for year 20,815
Eliminated on disposal (652 )
At 31 January 2025 113,732
NET BOOK VALUE
At 31 January 2025 187,328
At 31 January 2024 191,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 118,916 848,372
Other debtors 7,967 7,345
126,883 855,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 12,588 11,489
Trade creditors 66,459 279,926
Taxation and social security 84,536 189,331
Other creditors 3,576 325,612
167,159 806,358

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 17,476 30,064