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Reports Dated : 17/06/2026 Registered Number: 01176412
England and Wales

 

 

 

W. T. GRACEY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2024

End date: 30 September 2025

W. T. Gracey Ltd
Contents Page
For the year ended 30 September 2025
Directors Gregory John Charles Rice
Joanna Louise Rice
Registered Number 01176412
Registered Office Barn Court
Shelton Road
Upper Dean
PE28 0NQ
Accountants Denton Tavara Ltd
61a High Street South
Rushden
Northants
NN10 0RA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 September 2025.
Principal activities
The principal activity of the company during the financial year was that of the sale and hire of sound and vibration instrumentation.
Directors
The directors who served the company throughout the year were as follows:
William Thomas Gracey (from 05/07/1974 to 17/07/2025)
Gregory John Charles Rice
Joanna Louise Rice
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Gregory John Charles Rice
Director

Date approved: 17 June 2026
2
Accountants report
You consider that the company is exempt from an audit for the year ended 30 September 2025 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Denton Tavara Ltd
61a High Street South
Rushden
Northants
NN10 0RA
17 June 2026
3
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 422,891    443,562 
Investments 4 100    100 
422,991    443,662 
Current assets      
Debtors 5 53,698    37,058 
Cash at bank and in hand 11,533    31,012 
65,231    68,070 
Creditors: amount falling due within one year 6 (81,324)   (120,189)
Net current assets (16,093)   (52,119)
 
Total assets less current liabilities 406,898    391,543 
Provisions for liabilities 7 (28,994)   (32,922)
Net assets 377,904    358,621 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 377,804    358,521 
Shareholders' funds 377,904    358,621 
 


For the year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 June 2026 and were signed on its behalf by:


-------------------------------
Gregory John Charles Rice
Director
4
General Information
W. T. Gracey Ltd is a private company, limited by shares, registered in England and Wales, registration number 01176412, registration address Barn Court, Shelton Road, Upper Dean, PE28 0NQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Land and Buildings 0% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2024 : 5).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Motor Vehicles   Total
  £   £   £   £   £
At 01 October 2024 270,288    1,361,571    129,399    33,968    1,795,226 
Additions -    8,818    -    -    8,818 
Disposals -    (4,311)   -    -    (4,311)
At 30 September 2025 270,288    1,366,078    129,399    33,968    1,799,733 
Depreciation
At 01 October 2024 -    1,224,082    104,362    23,220    1,351,664 
Charge for year -    21,752    3,756    2,687    28,195 
On disposals -    (3,017)   -    -    (3,017)
At 30 September 2025 -    1,242,817    108,118    25,907    1,376,842 
Net book values
Closing balance as at 30 September 2025 270,288    123,261    21,281    8,061    422,891 
Opening balance as at 01 October 2024 270,288    137,489    25,037    10,748    443,562 

The net book value of Motor Vehicles includes £ 8,061 (2024 £10,748) in respect of assets leased under finance leases or hire purchase contracts.

4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 October 2024 -    - 
Additions -    - 
Transfer to/from tangible fixed assets 100    100 
Disposals -    - 
At 30 September 2025 100    100 
The company owns 100% of the issued share capital of the company listed below.
Gracey & Associates Limited (dormant).

5.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 1,701    2,412 
Sales Ledger Control Account 46,217    28,092 
Prepayments & Accrued Income 5,780    6,554 
53,698    37,058 

6.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 12,545    2,610 
Purchase ledger Control Account 11,328    16,108 
Accruals 4,800    4,725 
Other Creditors - Loan from Family Trust Fund 0    60,000 
Other Creditors - CT61 Tax 0    1,826 
Other Creditors 100    100 
Directors' Current Accounts 40,538    27,020 
VAT 12,013    7,800 
81,324    120,189 
Other creditors includes £60,000 loaned to the company from a family trust fund.

7.

Provisions for liabilities

2025
£		   2024
£
Deferred Tax 32,922    34,781 
Deferred Tax Charged to Profit & Loss (3,928)   (1,859)
28,994    32,922 

5