Company Registration No: 11462120 (England and Wales)

Grays Machinery Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

Grays Machinery Ltd

(Registration number: 11462120)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	153,387	157,291
Current assets
Stocks		282,405	422,710
Debtors	5	73,303	55,932
Cash at bank and in hand		302,811	219,067
		658,519	697,709
Creditors: Amounts falling due within one year	6	(339,589)	(445,170)
Net current assets		318,930	252,539
Total assets less current liabilities		472,317	409,830
Creditors: Amounts falling due after more than one year	6	-	(5,558)
Provisions for liabilities		(35,478)	(28,555)
Net assets		436,839	375,717
Capital and reserves
Called up share capital		1	1
Retained earnings		436,838	375,716
Shareholders' funds		436,839	375,717

Grays Machinery Ltd

(Registration number: 11462120)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 August 2026
 

......................................... Mr S R Gray Director

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1
Grimescar Farm
Northallerton
North Yorkshire
DL7 9LG
England

These financial statements were authorised for issue by the director on 14 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Computer equipment	25% reducing balance
Fixtures and fittings	20% reducing balance
Motor vehicles	25% reducing balance
Buildings	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £
Cost or valuation
At 1 January 2025	2,500	7,475	120,874	99,485
Additions	-	5,657	44,248	25,812
Disposals	-	(217)	(33,999)	(30,390)
At 31 December 2025	2,500	12,915	131,123	94,907
Depreciation
At 1 January 2025	928	3,815	40,387	27,913
Charge for the year	314	1,772	24,951	16,115
Eliminated on disposal	-	(134)	(17,632)	(10,371)
At 31 December 2025	1,242	5,453	47,706	33,657
Carrying amount
At 31 December 2025	1,258	7,462	83,417	61,250
At 31 December 2024	1,572	3,660	80,487	71,572

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

	Total £
Cost or valuation
At 1 January 2025	230,334
Additions	75,717
Disposals	(64,606)
At 31 December 2025	241,445
Depreciation
At 1 January 2025	73,043
Charge for the year	43,152
Eliminated on disposal	(28,137)
At 31 December 2025	88,058
Carrying amount
At 31 December 2025	153,387
At 31 December 2024	157,291

Included within the net book value of land and buildings above is £1,258 (2024 - £1,572) in respect of short leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	66,668	41,680
Prepayments	2,323	5,246
Other debtors	4,312	9,006
	73,303	55,932

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	5,558	7,250
Trade creditors		184,591	340,318
Taxation and social security		142,224	93,003
Accruals and deferred income		5,681	6,062
Other creditors		1,535	(1,463)
		339,589	445,170

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	-	5,558

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	-	5,558

Current loans and borrowings

	2025 £	2024 £
Other borrowings	5,558	7,250

Other borrowings

The bank borrowing is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 3 September 2026. The carrying amount at year end is £5,558 (2024 - £12,808).

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £19,475 (2024 - £29,233). The total relates to total future minimum operating lease payments.

Grays Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
During the year, the company made loans to the director. No interest was charged on the loans.	3,009	45,510	(48,494)	25

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
During the year, the company made loans to the director. No interest was charged on the loans.	808	37,771	(35,570)	3,009