Fletcher Gray Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

Registered number: 03838666

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,323		4,006

			17,323		4,006
CURRENT ASSETS
Debtors	5	18,331		67,536
Cash at bank and in hand		120,219		89,342

		138,550		156,878
Creditors: Amounts Falling Due Within One Year	6	(80,725 )		(78,513 )

NET CURRENT ASSETS (LIABILITIES)			57,825		78,365

TOTAL ASSETS LESS CURRENT LIABILITIES			75,148		82,371

NET ASSETS			75,148		82,371

CAPITAL AND RESERVES
Called up share capital	7		100		100
Income Statement			75,048		82,271

SHAREHOLDERS' FUNDS			75,148		82,371

For the year 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr H G Webb

Director

06/10/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Fletcher Gray Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03838666 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably

it is probable that the Company will receive the consideration due under the contract;

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Plant & Machinery	33% straight line
Motor Vehicles	25% straight line
Computer Equipment	33.33% straight line

2.4. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.5. Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

Page 3

Fletcher Gray Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	1,187	30,482	21,549	53,218
Additions	749	17,910	694	19,353
Disposals	-	(9,583 )	-	(9,583 )

As at 31 December 2024	1,936	38,809	22,243	62,988

Depreciation
As at 1 January 2024	891	30,483	17,838	49,212
Provided during the period	401	1,865	3,770	6,036
Disposals	-	(9,583 )	-	(9,583 )

As at 31 December 2024	1,292	22,765	21,608	45,665

Net Book Value
As at 31 December 2024	644	16,044	635	17,323

As at 1 January 2024	296	(1 )	3,711	4,006

Page 3

Page 4

Fletcher Gray Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	18,223	67,276
Prepayments and accrued income	108	260

	18,331	67,536

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,632	1,513
Other taxes and social security	19,047	13,414
Other creditors	2	2
Accruals and deferred income	56,105	54,769
Directors' loan accounts	3,939	8,815

	80,725	78,513

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

Dividends totaling £35,000 (2023 - £30,000) were paid in the year in respect of shares held by the Directors.

Page 4