Grays Essex Limited - Accounts

Grays Essex Limited - Accounts

GRAYS ESSEX LIMITED - Company Information

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Registered Number: 09779420
England and Wales

 

 

 

GRAYS ESSEX LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 October 2018

End date: 30 September 2019

Grays Essex Limited
Contents Page
For the year ended 30 September 2019
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 176,039    139,805 
176,039    139,805 
Current assets      
Debtors: amounts falling due within one year 67,186    19,592 
Cash at bank and in hand 8,224    2,131 
75,410    21,723 
Creditors: amount falling due within one year (126,185)   (97,605)
Net current liabilities (50,775)   (75,882)
 
Total assets less current liabilities 125,264    63,923 
Creditors: amount falling due after more than one year (114,336)   (62,550)
Net assets 10,928    1,373 
 

Capital and reserves 		     
Called up share capital 3 1,000    1,000 
Profit and loss account 9,928    373 
Shareholders funds 10,928    1,373 
 


For the year ended 30 September 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 April 2021 and were signed on its behalf by:


--------------------------------
Asif Iqbal
Director
1
General Information
Grays Essex Limited is a private company, limited by shares, registered in England and Wales, registration number 09779420, registration address Art House, St Peters Road, Maidenhead, Berkshire, SL6 7QU

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Corporation tax payable is provided on taxable profits at the current rates.

Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 3 Straight Line
Fixtures and Fittings 3 Straight Line
Computer Equipment 3 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 0 (2018 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 October 2018 373,869    600    4,400    378,869 
Additions 122,862    -    787    123,649 
Disposals (118,350)   -    -    (118,350)
At 30 September 2019 378,381    600    5,187    384,168 
Depreciation
At 01 October 2018 236,425    317    2,322    239,064 
Charge for year 70,948    200    1,467    72,615 
On disposals (103,550)   -    -    (103,550)
At 30 September 2019 203,823    517    3,789    208,129 
Net book values
Closing balance as at 30 September 2019 174,558    83    1,398    176,039 
Opening balance as at 01 October 2018 137,444    283    2,078    139,805 


4.

Share Capital

Authorised
1,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2019
£		   2018
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

2