Company Registration No. 04912603 (England and Wales)
Matthew Gray Limited
Unaudited accounts
for the year ended 31 March 2025
Matthew Gray Limited
Unaudited accounts
Contents
Matthew Gray Limited
Company Information
for the year ended 31 March 2025
Company Number
04912603 (England and Wales)
Registered Office
Westfield Farm House
Henley Road
Medmenham
Marlow
Buckinghamshire
SL7 2HE
England
Accountants
Monroe Accountants Ltd
Barnside House
Thornton
York
York
YO42 4RZ
Matthew Gray Limited
Statement of financial position
as at 31 March 2025
Tangible assets
4,738
4,867
Cash at bank and in hand
15,525
36,109
Creditors: amounts falling due within one year
(31,579)
(39,989)
Net current (liabilities)/assets
(3,905)
5,480
Called up share capital
100
100
Profit and loss account
733
10,247
Shareholders' funds
833
10,347
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 8 September 2025 and were signed on its behalf by
Matthew Gray
Director
Company Registration No. 04912603
Matthew Gray Limited
Notes to the Accounts
for the year ended 31 March 2025
Matthew Gray Limited is a private company, limited by shares, registered in England and Wales, registration number 04912603. The registered office is Westfield Farm House, Henley Road, Medmenham, Marlow, Buckinghamshire, SL7 2HE, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
25% Straight Line
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to
recover tax paid in a previous period.
Current tax assets and liabilities are not discounted.
Matthew Gray Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
11,147
3,984
Accrued income and prepayments
1,002
1,963
Matthew Gray Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
19,148
27,046
Loans from directors
10,138
-
7
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
3,521
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).