1 November 2024 false No description of principal activity Taxfiler 2024.6 12960753business:PrivateLimitedCompanyLtd2024-11-012025-10-31 129607532024-10-31 129607532024-11-012025-10-31 12960753business:AuditExempt-NoAccountantsReport2024-11-012025-10-31 12960753business:FilletedAccounts2024-11-012025-10-31 129607532025-10-31 12960753business:Director12024-11-012025-10-31 12960753business:RegisteredOffice2024-11-012025-10-31 129607532024-10-31 12960753core:WithinOneYear2025-10-31 12960753core:WithinOneYear2024-10-31 12960753core:ShareCapitalcore:PreviouslyStatedAmount2025-10-31 12960753core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 12960753core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-10-31 12960753core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 12960753core:PreviouslyStatedAmount2025-10-31 12960753core:PreviouslyStatedAmount2024-10-31 12960753business:SmallEntities2024-11-012025-10-31 12960753countries:EnglandWales2024-11-012025-10-31 12960753core:FurnitureFittings2024-10-31 12960753core:FurnitureFittings2025-10-31 12960753core:FurnitureFittings2024-11-012025-10-31 129607532023-11-012024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12960753 (England and Wales)
Praise Gray Ltd Unaudited accounts for the year ended 31 October 2025
Praise Gray Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Praise Gray Ltd Company Information for the year ended 31 October 2025
Director
PRAISE GRAY
Company Number
12960753 (England and Wales)
Registered Office
22 Newholme Avenue Haltwhistle Northumberland NE49 9ET England
- 3 -
Praise Gray Ltd Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
860 
1,012 
Current assets
Debtors
5
6,330 
7,515 
Creditors: amounts falling due within one year
6
(200)
(938)
Net current assets
6,130 
6,577 
Net assets
6,990 
7,589 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,989 
7,588 
Shareholders' funds
6,990 
7,589 
For the year ending 31 October 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 her 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 24 July 2026 and were signed on its behalf by
PRAISE GRAY Director Company Registration No. 12960753
- 4 -
Praise Gray Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Praise Gray Ltd is a private company, limited by shares, registered in England and Wales, registration number 12960753. The registered office is 22 Newholme Avenue, Haltwhistle, Northumberland, NE49 9ET, 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.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2024
1,400 
At 31 October 2025
1,400 
Depreciation
At 1 November 2024
388 
Charge for the year
152 
At 31 October 2025
540 
Net book value
At 31 October 2025
860 
At 31 October 2024
1,012 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,329 
7,514 
Other debtors
1 
1 
6,330 
7,515 
- 5 -
Praise Gray Ltd Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
- 
775 
Accruals
200 
163 
200 
938 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -