Company registration number 14573087 (England and Wales)
NOT SO GRAY INTERIORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
Affinia
6 Hermitage Road
St Johns
Woking
Surrey
GU21 8TB
NOT SO GRAY INTERIORS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NOT SO GRAY INTERIORS LTD
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
548
458
Current assets
Debtors
4
6,950
22,359
Cash at bank and in hand
14
4
6,964
22,363
Creditors: amounts falling due within one year
5
(49,565)
(22,804)
Net current liabilities
(42,601)
(441)
Net (liabilities)/assets
(42,053)
17
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(42,054)
16
Total equity
(42,053)
17

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 July 2026
Ms C Gray
Director
Company registration number 14573087 (England and Wales)
NOT SO GRAY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
1
Accounting policies
Company information

Not So Gray Interiors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Granary, Broadway Road, Lightwater, Surrey, GU18 5SH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable fo r services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NOT SO GRAY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

NOT SO GRAY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025
688
Additions
350
At 31 January 2026
1,038
Depreciation and impairment
At 1 February 2025
230
Depreciation charged in the year
260
At 31 January 2026
490
Carrying amount
At 31 January 2026
548
At 31 January 2025
458
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
453
122
Corporation tax recoverable
2,297
-
0
Other debtors
-
0
18,037
2,750
18,159
2026
2025
Amounts falling due after more than one year:
£
£
Other debtors
4,200
4,200
Total debtors
6,950
22,359
NOT SO GRAY INTERIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
10,562
11,335
Trade creditors
29,302
3,049
Corporation tax
-
0
2,297
Other taxation and social security
1,151
4,679
Other creditors
8,550
1,444
49,565
22,804
6
Directors' transactions

Interest free loans have been granted by the company to its directors as follows:

Loans
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Director loan
-
18,037
(18,037)
-
18,037
(18,037)
-
2026-01-31 2025-02-01 false false false 03 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms C Gray 14573087 2025-02-01 2026-01-31 14573087 2026-01-31 14573087 2025-01-31 14573087 core:OtherPropertyPlantEquipment 2026-01-31 14573087 core:OtherPropertyPlantEquipment 2025-01-31 14573087 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 14573087 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 14573087 core:CurrentFinancialInstruments 2026-01-31 14573087 core:CurrentFinancialInstruments 2025-01-31 14573087 core:ShareCapital 2026-01-31 14573087 core:ShareCapital 2025-01-31 14573087 core:RetainedEarningsAccumulatedLosses 2026-01-31 14573087 core:RetainedEarningsAccumulatedLosses 2025-01-31 14573087 bus:Director1 2025-02-01 2026-01-31 14573087 core:FurnitureFittings 2025-02-01 2026-01-31 14573087 2024-02-01 2025-01-31 14573087 core:OtherPropertyPlantEquipment 2025-01-31 14573087 core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 14573087 core:Non-currentFinancialInstruments 1 2026-01-31 14573087 core:Non-currentFinancialInstruments 1 2025-01-31 14573087 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 14573087 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 14573087 bus:FRS102 2025-02-01 2026-01-31 14573087 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 14573087 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP