9 December 2023 false No description of principal activity Taxfiler 2024.6 15340838business:PrivateLimitedCompanyLtd2023-12-092024-12-31 153408382023-12-08 153408382023-12-092024-12-31 15340838business:AuditExemptWithAccountantsReport2023-12-092024-12-31 15340838business:FilletedAccounts2023-12-092024-12-31 153408382024-12-31 15340838business:Director12023-12-092024-12-31 15340838business:Director22023-12-092024-12-31 15340838business:RegisteredOffice2023-12-092024-12-31 15340838core:WithinOneYear2024-12-31 15340838core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 15340838core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 15340838core:PreviouslyStatedAmount2024-12-31 15340838business:SmallEntities2023-12-092024-12-31 15340838countries:EnglandWales2023-12-092024-12-31 15340838core:PlantMachinery2023-12-092024-12-31 15340838core:PlantMachinery2023-12-08 15340838core:PlantMachinery2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 15340838 (England and Wales)
S Gray Repairs Limited Unaudited accounts for the period from 9 December 2023 to 31 December 2024
S Gray Repairs Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
S Gray Repairs Limited Company Information for the period from 9 December 2023 to 31 December 2024
Directors
Graham Thornhill Sabre-Louise Inns
Company Number
15340838 (England and Wales)
Registered Office
One Business Village 1 Emily Street Hull North Humberside HU9 1ND England
Accountants
Westlands Chartered Accountants McMillan House 6 Wolfreton Drive Anlaby East Riding of Yorkshire HU10 7BY
- 3 -
S Gray Repairs Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4
2,382 
Current assets
Cash at bank and in hand
182 
Creditors: amounts falling due within one year
5
(9,996)
Net current liabilities
(9,814)
Net liabilities
(7,432)
Capital and reserves
Called up share capital
2 
Profit and loss account
(7,434)
Shareholders' funds
(7,432)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by
Graham Thornhill Director Company Registration No. 15340838
- 4 -
S Gray Repairs Limited Notes to the Accounts for the period from 9 December 2023 to 31 December 2024
1
Statutory information
S Gray Repairs Limited is a private company, limited by shares, registered in England and Wales, registration number 15340838. The registered office is One Business Village, 1 Emily Street, Hull, North Humberside, HU9 1ND, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
S Gray Repairs Limited Notes to the Accounts for the period from 9 December 2023 to 31 December 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 9 December 2023
- 
Additions
2,878 
At 31 December 2024
2,878 
Depreciation
Charge for the period
496 
At 31 December 2024
496 
Net book value
At 31 December 2024
2,382 
5
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
9,996 
6
Transactions with related parties
At the balance sheet date the company owed Mr G Thornhill £9,996 by the way of an interest free loan, the loan is repayable upon demand. The company is under the under of Mr Grahaam Thornhill and Miss Sabre-Louise Inns, with no party having overall control.
7
Average number of employees
During the period the average number of employees was 2.
- 6 -