Registered number
08318521
Gregory Interiors Ltd
Filleted Accounts
31 March 2025
Gregory Interiors Ltd
Registered number: 08318521
Balance Sheet
as at 31 March 2025
Notes 2025 2023
£ £
Fixed assets
Tangible assets 3 - 5,466
Current assets
Stocks 5,550 10,850
Debtors 4 - 1
Cash at bank and in hand 682 3,933
6,232 14,784
Creditors: amounts falling due within one year 5 (15,323) (26,666)
Net current liabilities (9,091) (11,882)
Total assets less current liabilities (9,091) (6,416)
Creditors: amounts falling due after more than one year 6 (5,061) (7,250)
Net liabilities (14,152) (13,666)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,153) (13,667)
Shareholder's funds (14,152) (13,666)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Lorraine Gregory
Director
Approved by the board on 11 June 2025
Gregory Interiors Ltd
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 - 10,421 10,421
Disposals - (10,421) (10,421)
At 31 March 2025 - - -
Depreciation
At 1 January 2024 1,367 3,588 4,955
On disposals (1,367) (3,588) (4,955)
At 31 March 2025 - - -
Net book value
At 31 March 2025 - - -
At 31 December 2023 (1,367) 6,833 5,466
4 Debtors 2025 2023
£ £
Trade debtors - 1
5 Creditors: amounts falling due within one year 2025 2023
£ £
Other creditors 15,323 26,666
6 Creditors: amounts falling due after one year 2025 2023
£ £
Bank loans 5,061 7,250
7 Other information
Gregory Interiors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
15a Raven Road
London
E18 1HB
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