REGISTERED NUMBER: 06002247 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GRAY FOODS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D R Gray

SECRETARY:

Mrs D Gray

REGISTERED OFFICE:

67 Aviemore Drive

Fearnhead

Warrington

Cheshire

WA2 0TQ

REGISTERED NUMBER:

06002247 (England and Wales)

ACCOUNTANTS:

Livesey Spottiswood Ltd

Chartered Accountants

17 George Street

St Helens

Merseyside

WA10 1DB

FIXED ASSETS

Intangible assets

4

57,524

74,360

Tangible assets

5

304,632

380,706

362,156

455,066

CURRENT ASSETS

Stocks

33,993

34,414

Debtors

44,590

37,369

Cash at bank and in hand

207,755

144,777

286,338

216,560

CREDITORS

Amounts falling due within one year

(345,830

)

(371,549

)

NET CURRENT LIABILITIES

(59,492

)

(154,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

302,664

300,077

CREDITORS

Amounts falling due after more than one year

(32,500

)

(80,388

)

PROVISIONS FOR LIABILITIES

(65,000

)

(94,000

)

NET ASSETS

205,164

125,689

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

205,064

125,589

SHAREHOLDERS' FUNDS

205,164

125,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 15 July 2026 and were signed by:

Mr D R Gray - Director

1.	STATUTORY INFORMATION

Gray Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, being the amount paid in connection with the acquisition of the businesses is being amortised evenly over its estimated useful life.

Franchise costs

Franchise costs, being the amounts paid in connection with the acquisitions of the Crewe business in 2022, are being amortised evenly over their estimated useful life of 7.5 years.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Fixtures & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2025 - 80 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

334,307

AMORTISATION

At 1 April 2025

259,947

Amortisation for year

16,836

At 31 March 2026

276,783

NET BOOK VALUE

At 31 March 2026

57,524

At 31 March 2025

74,360

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

1,419,941

Additions

17,139

Disposals

(58,232

)

At 31 March 2026

1,378,848

DEPRECIATION

At 1 April 2025

1,039,235

Charge for year

82,274

Eliminated on disposal

(47,293

)

At 31 March 2026

1,074,216

NET BOOK VALUE

At 31 March 2026

304,632

At 31 March 2025

380,706

6.	LEASING AGREEMENTS

The total of non-cancellable operating leases entered into at the year end was £448,217 (2025 - £520,917).

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

24,167

60,042

Other loans

36,667

63,333

Hire purchase contracts

19,553

42,612

80,387

165,987

Bank borrowings are secured by a fixed and floating charge over all assets of the company together with a personal guarantee given by the director.

The other loans are secured by government guarantee.

Hire purchases contracts are secured on the assets to which they relate.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100