Gray Matter Matters Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07393533 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Gray Matter Matters Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P J Cox

M M McGinn

SECRETARY:

REGISTERED OFFICE:

30 Kestrel Court

Portishead

Bristol

BS20 7AN

REGISTERED NUMBER:

07393533 (England and Wales)

ACCOUNTANTS:

Harpers & Co

1st Floor

Premier House

127 Duckmoor Road

Bristol

BS3 2BJ

FIXED ASSETS

Tangible assets

4

15,983

21,310

CURRENT ASSETS

Cash at bank

32,699

7,307

CREDITORS

Amounts falling due within one year

5

24,174

23,544

NET CURRENT ASSETS/(LIABILITIES)

8,525

(16,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,508

5,073

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

24,506

5,071

SHAREHOLDERS' FUNDS

24,508

5,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 19 June 2019 and were signed on its behalf by:

M M McGinn - Director

1.	STATUTORY INFORMATION

Gray Matter Matters 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.

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.

Tangible fixed assets

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

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 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

and 30 September 2018

35,834

DEPRECIATION

At 1 October 2017

14,524

Charge for year

5,327

At 30 September 2018

19,851

NET BOOK VALUE

At 30 September 2018

15,983

At 30 September 2017

21,310

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Taxation and social security

10,982

20,219

Other creditors

13,192

3,325

24,174

23,544

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the directors .