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Company Registration No. 11749858 (England and Wales)
Gray PI Limited Unaudited accounts for the year ended 31 March 2026
Gray PI Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Gray PI Limited Company Information for the year ended 31 March 2026
Directors
Mrs L Gray Mr S Gray
Company Number
11749858 (England and Wales)
Registered Office
7 Derwent Way Summerhill Park Liverpool Merseyside L14 7AN
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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Gray PI Limited Accountants' report
Accountants' report to the board of directors of Gray PI Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gray PI Limited for the year ended 31 March 2026 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gray PI Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gray PI Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gray PI Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gray PI Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gray PI Limited. You consider that Gray PI Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gray PI Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD 25 June 2026
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Gray PI Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
95,552
95,000
Current assets
Cash at bank and in hand
9,806
8,050
Creditors: amounts falling due within one year
5
(42,328)
(41,375)
Net current liabilities
(32,522)
(33,325)
Total assets less current liabilities
63,030
61,675
Creditors: amounts falling due after more than one year
6
(54,735)
(55,336)
Net assets
8,295
6,339
Capital and reserves
Called up share capital
100
100
Profit and loss account
8,195
6,239
Shareholders' funds
8,295
6,339
For the year ending 31 March 2026 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 25 June 2026 and were signed on its behalf by
Mr S Gray Director Company Registration No. 11749858
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Gray PI Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Gray PI Limited is a private company, limited by shares, registered in England and Wales, registration number 11749858. The registered office is 7 Derwent Way, Summerhill Park, Liverpool, Merseyside, L14 7AN.
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.
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:
Land & buildings
0%
Computer equipment
15% on reducing balance.
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
95,000
-
95,000
Additions
-
649
649
At 31 March 2026
95,000
649
95,649
Depreciation
Charge for the year
-
97
97
At 31 March 2026
-
97
97
Net book value
At 31 March 2026
95,000
552
95,552
At 31 March 2025
95,000
-
95,000
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Gray PI Limited Notes to the Accounts for the year ended 31 March 2026
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
3,513
2,912
Taxes and social security
481
648
Other creditors
725
725
Loans from directors
36,731
36,228
Accruals
878
862
42,328
41,375
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
54,735
55,336
7
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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