Company registration number: 05118965
Annual report and unaudited financial statements
for the year ended 31 May 2026
for
Ian Gray & Associates Limited
Pages for filing with the Registrar
Company registration number: 05118965
Ian Gray & Associates Limited
Balance sheet
as at 31 May 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 79 106
79 106
Current assets
Debtors 5 187,522 46,019
Cash at bank and in hand 26,220 219,936
213,742 265,955
Creditors: amounts falling due within one year
6 (3,338) (18,833)
Net current assets 210,404 247,122
Total assets less current liabilities 210,483 247,228
NET ASSETS 210,483 247,228
Capital and reserves
Called up share capital 120 120
Profit and loss account 210,363 247,108
TOTAL EQUITY 210,483 247,228
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05118965
Ian Gray & Associates Limited
Balance sheet - continued
as at 31 May 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Gray, Director
22 September 2026
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Ian Gray & Associates Limited
Notes to the financial statements
for the year ended 31 May 2026
1 Company information
Ian Gray & Associates Limited is a private company registered in England and Wales. Its registered number is 05118965. The company is limited by shares. Its registered office is 3 Broadmoor Park, Bath, Avon, BA1 4JN.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 2 (2025 - 2).
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Ian Gray & Associates Limited
Notes to the financial statements - continued
for the year ended 31 May 2026
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 June 2025 13,667
At 31 May 2026 13,667
Depreciation
At 1 June 2025 13,561
Charge for year 27
At 31 May 2026 13,588
Net book value
At 31 May 2026 79
At 31 May 2025 106
5 Debtors
2026 2025
£ £
Taxation 244 627
Other debtors 187,278 48,392
Prepayments and accrued income - (3,000)
187,522 46,019
6 Creditors: amounts falling due within one year
2026 2025
£ £
Taxation - 18,833
Social security and other tax 338 -
Accruals and deferred income 3,000 -
3,338 18,833
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