The Gray Circle Limited - Accounts to registrar (filleted) - small 18.2
The Gray Circle Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited financial statements for the year ended 31 July 2019 |
| For |
| The Gray Circle Limited |
| The Gray Circle Limited (Registered number: 05458059) |
| Contents of the financial statements |
| for the year ended 31 July 2019 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| The Gray Circle Limited |
| Company information |
| for the year ended 31 July 2019 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| 9 The Shrubberies |
| George Lane |
| London |
| E18 1BD |
| The Gray Circle Limited (Registered number: 05458059) |
| Balance sheet |
| 31 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges his 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 Gray Circle Limited (Registered number: 05458059) |
| Balance sheet - continued |
| 31 July 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the director on |
| The Gray Circle Limited (Registered number: 05458059) |
| Notes to the financial statements |
| for the year ended 31 July 2019 |
| 1. | Statutory information |
| The Gray Circle Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparation |
| Turnover |
| Turnover represents the net invoiced value of services rendered, excluding value added tax. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. 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 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. |
| Going concern |
| The director has confirmed that he will continue to give financial support to the company until such time as its |
| position improves. In addition the director has confirmed that they will not recall their loans within 12 months. |
| The director considers that it is appropriate to prepare the financial statements on a going concern basis. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2018 - |
| The Gray Circle Limited (Registered number: 05458059) |
| Notes to the financial statements - continued |
| for the year ended 31 July 2019 |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 August 2018 |
| and 31 July 2019 |
| Amortisation |
| At 1 August 2018 |
| Amortisation for year |
| At 31 July 2019 |
| Net book value |
| At 31 July 2019 |
| At 31 July 2018 |
| 5. | Tangible fixed assets |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 August 2018 |
| and 31 July 2019 |
| Depreciation |
| At 1 August 2018 |
| Charge for year |
| At 31 July 2019 |
| Net book value |
| At 31 July 2019 |
| At 31 July 2018 |
| 6. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Director's current account | 2,865 | 26 |
| Accruals |
| 7. | Creditors: amounts falling due after more than one year |
| 2019 | 2018 |
| £ | £ |
| Director's loan account | 116,600 | 116,600 |
| The director's loan account is non-interest bearing and unsecured. |
| The Gray Circle Limited (Registered number: 05458059) |
| Notes to the financial statements - continued |
| for the year ended 31 July 2019 |
| 8. | Ultimate controlling party |
| The ultimate controlling party is |