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REGISTERED NUMBER: 03362830 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

S & A Gregory Limited

S & A Gregory Limited (Registered number: 03362830)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & A Gregory Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr S A Gregory





SECRETARY: Mrs S M Gregory





REGISTERED OFFICE: Suite 216
Grangewood House
Oakwood hill Industrial Estate
Loughton
Essex
IG10 3TZ





REGISTERED NUMBER: 03362830 (England and Wales)





ACCOUNTANTS: Methven Accountancy Services Limited
76 Waltham Way
Chingford
London
E4 8HE

S & A Gregory Limited (Registered number: 03362830)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 38,418 27,133

CURRENT ASSETS
Stocks 43,396 65,387
Debtors 5 197,473 217,713
Cash at bank 253,275 83,770
494,144 366,870
CREDITORS
Amounts falling due within one year 6 295,493 281,264
NET CURRENT ASSETS 198,651 85,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,069

112,739

CREDITORS
Amounts falling due after more than one
year

7

(6,950

)

(27,412

)

PROVISIONS FOR LIABILITIES (9,605 ) (5,766 )
NET ASSETS 220,514 79,561

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 220,414 79,461
SHAREHOLDERS' FUNDS 220,514 79,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

S & A Gregory Limited (Registered number: 03362830)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 May 2025 and were signed by:





Mr S A Gregory - Director


S & A Gregory Limited (Registered number: 03362830)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

S & A Gregory 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.

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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost or net realisable value.

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.

Deferred tax has been calculated on the marginal rate applied to this years corporation tax liability of 21.25%

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.

S & A Gregory Limited (Registered number: 03362830)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
and Motor & office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 4,082 54,949 26,539 85,570
Additions - 20,450 875 21,325
Disposals - (7,450 ) - (7,450 )
At 30 September 2024 4,082 67,949 27,414 99,445
DEPRECIATION
At 1 October 2023 3,680 32,553 22,204 58,437
Charge for year 40 7,122 521 7,683
Eliminated on disposal - (5,093 ) - (5,093 )
At 30 September 2024 3,720 34,582 22,725 61,027
NET BOOK VALUE
At 30 September 2024 362 33,367 4,689 38,418
At 30 September 2023 402 22,396 4,335 27,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 174,216 206,167
Other debtors 23,257 11,546
197,473 217,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,648 -
Trade creditors 48,096 37,022
Taxation and social security 212,800 89,063
Other creditors 23,949 155,179
295,493 281,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,950 27,412

S & A Gregory Limited (Registered number: 03362830)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 27,412