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Company Registration No. 08104938 (England and Wales)
Grey Matters Performance Limited Unaudited accounts for the year ended 30 June 2025
Grey Matters Performance Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
36,660
63,103
Current assets
Debtors
5
25,490
36,808
Cash at bank and in hand
42,667
62,681
68,157
99,489
Creditors: amounts falling due within one year
6
(51,971)
(77,225)
Net current assets
16,186
22,264
Total assets less current liabilities
52,846
85,367
Creditors: amounts falling due after more than one year
7
(9,970)
(63,866)
Provisions for liabilities
Deferred tax
8
(6,965)
(10,634)
Net assets
35,911
10,867
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
35,811
10,767
Shareholders' funds
35,911
10,867
For the year ending 30 June 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 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 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 of Directors and authorised for issue on 28 February 2026 and were signed on its behalf by
Helen Brooker-Collins Director Company Registration No. 08104938
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Grey Matters Performance Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Grey Matters Performance Limited is a private company, limited by shares, registered in England and Wales, registration number 08104938. The registered office is Apple Tree Cottage, 181 Church Bank, Lower Binton, Stratford-upon-Avon, Warwickshire, CV37 9TQ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
Deferred taxation
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Grey Matters Performance Limited Notes to the Accounts for the year ended 30 June 2025
Leased assets
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.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
138,575
4,732
143,307
Additions
-
2,797
2,797
Disposals
(94,230)
-
(94,230)
At 30 June 2025
44,345
7,529
51,874
Depreciation
At 1 July 2024
76,077
4,127
80,204
Charge for the year
28,205
1,035
29,240
On disposals
(94,230)
-
(94,230)
At 30 June 2025
10,052
5,162
15,214
Net book value
At 30 June 2025
34,293
2,367
36,660
At 30 June 2024
62,498
605
63,103
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
13,586
23,061
Accrued income and prepayments
4,355
6,198
Other debtors
7,549
7,549
25,490
36,808
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
265
891
Obligations under finance leases and hire purchase contracts
9,240
22,132
Trade creditors
19,394
27,512
Taxes and social security
18,045
5,002
Other creditors
(485)
16,818
Loans from directors
4,207
3,701
Accruals
1,305
1,169
51,971
77,225
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Grey Matters Performance Limited Notes to the Accounts for the year ended 30 June 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
9,970
63,866
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
6,965
10,634
2025
2024
£
£
Provision at start of year
10,634
8,620
(Credited)/charged to the profit and loss account
(3,669)
2,014
Provision at end of year
6,965
10,634
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
100
100
10
Average number of employees
During the year the average number of employees was 8 (2024: 10).
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