Thomas Gray Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07839720

Unaudited Financial Statements for the Year Ended 30th September 2024

for

Thomas Gray Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I W Gray

Mrs J D Gray

REGISTERED OFFICE:

Ground Floor

Crest House

53 Station Road

Egham

Surrey

TW20 9LG

REGISTERED NUMBER:

07839720

ACCOUNTANTS:

Veritas Accountants & Advisory Limited

The Lexicon

Mount Street

Manchester

M2 5NT

FIXED ASSETS

Intangible assets

4

547,094

707,219

Tangible assets

5

49,531

66,438

596,625

773,657

CURRENT ASSETS

Debtors

6

329,085

104,806

Cash at bank and in hand

280,244

447,910

609,329

552,716

CREDITORS

Amounts falling due within one year

7

666,156

529,266

NET CURRENT (LIABILITIES)/ASSETS

(56,827

)

23,450

TOTAL ASSETS LESS CURRENT
LIABILITIES

539,798

797,107

PROVISIONS FOR LIABILITIES

2,424

3,402

NET ASSETS

537,374

793,705

CAPITAL AND RESERVES

Called up share capital

8

600

Retained earnings

536,774

793,105

SHAREHOLDERS' FUNDS

537,374

793,705

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

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

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 Board of Directors and authorised for issue on 20th June 2025 and were signed on its behalf by:

I W Gray - Director

1.	COMPANY INFORMATION

Thomas Gray Limited is a private company, limited by shares , registered in Not specified/Other. 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.	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.

Revenue from the provision of professional services is recognised on delivery of the service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2023

and 30th September 2024

2,135,000

AMORTISATION

At 1st October 2023

1,427,781

Amortisation for year

160,125

At 30th September 2024

1,587,906

NET BOOK VALUE

At 30th September 2024

547,094

At 30th September 2023

707,219

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1st October 2023

48,277

86,569

33,888

168,734

Additions

-

1,060

At 30th September 2024

48,277

86,569

34,948

169,794

DEPRECIATION

At 1st October 2023

12,069

57,574

32,653

102,296

Charge for year

12,069

4,349

1,549

17,967

At 30th September 2024

24,138

61,923

34,202

120,263

NET BOOK VALUE

At 30th September 2024

24,139

24,646

746

49,531

At 30th September 2023

36,208

28,995

1,235

66,438

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade debtors

316,290

94,260

Other debtors

240

-

Wages control

194

-

Prepayments

12,361

10,546

329,085

104,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade creditors

36,334

14,829

Tax

269,840

165,877

Social security and other taxes

24,436

18,239

VAT

84,147

78,654

Other creditors

19,309

19,184

Pension creditor

1,919

Net wages control

-

33

Directors' current accounts

222,821

Accrued expenses

7,350

7,710

666,156

529,266

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

6,000

Ordinary

£0.10

600

On 11 August 2022 each share class was sub-divided into £0.10 shares increasing the number of shares in

issue from 600 to 6,000. On the same day, the Ordinary A, B and C shares were each re-designated as

Ordinary shares of £0.1 each.

The rights of the Ordinary A, B and C shares are varied by their re-designation into ordinary shares. The

Ordinary shares have attached to them full voting, dividend and capital distribution rights; They do not confer

any rights of redemption.

On 11 August 2022 the entire share capital of the company was purchased by Thomas Gray EOT Limited as

trustees of the Thomas Gray Employee Ownership Trust.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As Directors of Thomas Gray Limited and Thomas Gray EOT Limited, Mr Ian Gray is considered a related party. During the period, the company operated a loan account with the director I Gray. At the balance sheet date, the company owed £222,821 to the director (2023: 222,821). During the period, I Gray withdrew £Nil (2023: £Nil) and repaid £Nil (2023: £Nil). This balance is included within other creditors and is unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the period, the company operated a loan account with IWG Consulting Limited Liability Partnership; a related party by virtue of common control. At the balance sheet date, the company owed £5,134 (2023: £5,009).

During the period, the company incurred expenses on behalf of IWG Consulting Limited Liability Partnership of £125 (2023: £49,574) and received monies from the partnership of £Nil (2023: £53,583).

11.	ULTIMATE CONTROLLING PARTY

The entire share capital of Thomas Gray Limited is registered in the name of Thomas Gray EOT Limited as trustees of the Thomas Gray employee ownership trust. The ultimate controlling party of the company are the trustee directors, Mr Ian Gray, Mr Jeremy Martell and Mr Matthew Revett, as they will each be exercising “significant influence or control” over the trustee company.