Company Registration No. 07536123 (England and Wales)
John Gray Limited
Unaudited accounts
for the year ended 31 March 2025
John Gray Limited
Statement of financial position
as at 31 March 2025
Tangible assets
306,253
257,724
Cash at bank and in hand
91,147
147,601
Creditors: amounts falling due within one year
(75,364)
(67,682)
Net current assets
217,331
224,661
Total assets less current liabilities
523,584
482,385
Creditors: amounts falling due after more than one year
(2,500)
(12,500)
Provisions for liabilities
Deferred tax
(76,260)
(61,511)
Net assets
444,824
408,374
Called up share capital
1
1
Profit and loss account
444,823
408,373
Shareholders' funds
444,824
408,374
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 25 November 2025 and were signed on its behalf by
John Gray
Director
Company Registration No. 07536123
John Gray Limited
Notes to the Accounts
for the year ended 31 March 2025
John Gray Limited is a private company, limited by shares, registered in England and Wales, registration number 07536123. The registered office is Town House The Square, Bailiffgate, Alnwick, Northumberland, NE66 1LZ.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
3 Years straight line
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.
John Gray Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
363,753
59,531
7,196
430,480
Additions
60,544
35,503
-
96,047
Disposals
(3,996)
-
(6,527)
(10,523)
At 31 March 2025
420,301
95,034
669
516,004
At 1 April 2024
126,395
39,704
6,657
172,756
Charge for the year
41,159
6,136
223
47,518
On disposals
(3,996)
-
(6,527)
(10,523)
At 31 March 2025
163,558
45,840
353
209,751
At 31 March 2025
256,743
49,194
316
306,253
At 31 March 2024
237,358
19,827
539
257,724
Amounts falling due within one year
Trade debtors
109,764
73,436
Accrued income and prepayments
8,370
3,289
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
27,418
22,825
Taxes and social security
11,006
13,924
Loans from directors
4,183
4,980
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 9 (2024: 9).