Craig Gray Limited - Filleted accounts

Registered number

06215689

Craig Gray Limited

Filleted Accounts

30 April 2025

Craig Gray Limited
Registered number:		06215689
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,788			3,126

Current assets
Debtors	4	3,134			2,322
Cash at bank and in hand		4,618			14,636
		7,752			16,958

Creditors: amounts falling due within one year	5	(19,899)			(18,161)

Net current liabilities			(12,147)			(1,203)

Total assets less current liabilities			1,641			1,923

Creditors: amounts falling due after more than one year	6		(1,333)			(5,333)



Net assets/(liabilities)			308			(3,410)

Capital and reserves
Called up share capital			10			10
Profit and loss account			298			(3,420)

Shareholder's funds			308			(3,410)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Craig Gray
Director
Approved by the board on 17 December 2025

Craig Gray Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years
	Motor vehicles	over 4 years

	Debtors
	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.

	Creditors
	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.

	Taxation
	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	40,483		24,210		64,693
	Additions	17,550		-		17,550
	At 30 April 2025	58,033		24,210		82,243

	Depreciation
	At 1 May 2024	37,357		24,210		61,567
	Charge for the year	6,888		-		6,888
	At 30 April 2025	44,245		24,210		68,455

	Net book value
	At 30 April 2025	13,788		-		13,788
	At 30 April 2024	3,126		-		3,126


4	Debtors			2025		2024
£					£

	Trade debtors			-		2,117
	Other debtors			3,134		205
				3,134		2,322


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			4,000		4,000
	Trade creditors			4,560		512
	Taxation and social security costs			95		4,614
	Other creditors			11,244		9,035
				19,899		18,161


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,333		5,333


7	Other information

	Craig Gray Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5 Merrial Close
	Upper Yeld Road
	Bakewell
	Derbyshire
	DE45 1JB