REGISTERED NUMBER: 14736966 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Grays Transport (Derbyshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C G Evans

Mrs J J Evans

G E Evans

Mrs G A Evans

REGISTERED OFFICE:

3 Colwick Quays

Business Park

Colwick

Nottingham

Nottinghamshire

NG4 2JY

REGISTERED NUMBER:

14736966 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Intangible assets

4

850,000

850,000

Tangible assets

5

683,623

491,515

1,533,623

1,341,515

CURRENT ASSETS

Debtors

6

880,663

834,166

Cash at bank and in hand

25,623

23,662

906,286

857,828

CREDITORS

Amounts falling due within one year

7

(2,537,438

)

(2,297,957

)

NET CURRENT LIABILITIES

(1,631,152

)

(1,440,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(97,529

)

(98,614

)

CREDITORS

Amounts falling due after more than one year

8

(338,813

)

(184,820

)

NET LIABILITIES

(436,342

)

(283,434

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

(437,342

)

(284,434

)

SHAREHOLDERS' FUNDS

(436,342

)

(283,434

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

C G Evans - Director

1.	STATUTORY INFORMATION

Grays Transport (Derbyshire) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill comprises the valuation of the business when transferring from a Partnership in 2023.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery - 15% on reducing balance

Motor Vehicles - 15% on reducing balance

Office Equipment - 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the balance sheet date, the company had net liabilities of £436,342 (2024: £283,434). The directors are of the opinion that with the continued support of the company's creditors, the company can continue to trade as a going to concern. The financial statements do not reflect the position should this support be withdrawn.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2024 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

850,000

NET BOOK VALUE

At 31 March 2025

850,000

At 31 March 2024

850,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

552,019

Additions

307,493

Disposals

(30,127

)

At 31 March 2025

829,385

DEPRECIATION

At 1 April 2024

60,504

Charge for year

88,960

Eliminated on disposal

(3,702

)

At 31 March 2025

145,762

NET BOOK VALUE

At 31 March 2025

683,623

At 31 March 2024

491,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

741,376

716,671

Other debtors

139,287

117,495

880,663

834,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

124,186

13,947

Hire purchase contracts

147,684

142,730

Trade creditors

264,753

259,226

Taxation and social security

588,228

189,796

Other creditors

1,412,587

1,692,258

2,537,438

2,297,957

The bank loans and overdrafts are secured by fixed and floating charges over the company's assets. The hire purchase contracts are secured on the assets concerned.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

44,129

-

Hire purchase contracts

294,684

184,820

338,813

184,820

The bank loans and overdrafts are secured by fixed and floating charges over the company's assets. The hire purchase contracts are secured on the assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

500

Class A

1

500

500

250

Class B

1

250

250

250

Class C

1

250

250

1,000

1,000