Urban & Grey Ltd - Accounts

Urban & Grey Ltd - Accounts

URBAN & GREY LTD - Company Information

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Registered Number: 08849808


 

 

 

URBAN & GREY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

Urban & Grey Ltd
Contents Page
For the year ended 31 March 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Moorhurst Partners LLP
31 March 2023



....................................................
Moorhurst Partners LLP
SUITE 39 ALBERT BUILDINGS
49 Queen Victoria Street
LONDON
EC4N 4SA
03 October 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Intangible fixed assets 3 2,529    3,793 
Tangible fixed assets 4 14,444    17,346 
16,973    21,139 
Current assets      
Stocks 55,231    58,377 
Debtors 96,482    122,022 
Cash at bank and in hand 48,009    45,099 
199,722    225,498 
Creditors: amount falling due within one year (136,573)   (147,463)
Net current assets 63,149    78,035 
 
Total assets less current liabilities 80,122    99,174 
Creditors: amount falling due after more than one year (42,844)   (42,157)
Provisions for liabilities (125)   0 
Net assets 37,153    57,017 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 37,053    56,917 
Shareholder's funds 37,153    57,017 
 


For the year ended 31 March 2023 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 03 October 2023 and were signed on its behalf by:


-------------------------------
Alfie Thomas Robertson-Millar
Director
2
General Information
Urban & Grey Ltd is a private company, limited by shares, registered in , registration number 08849808, registration address Constables Boatyard, 5-9 Thames Street, Hampton, TW12 2EW.

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 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.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
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:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2022 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 12,644    12,644 
Additions -    - 
Disposals -    - 
At 31 March 2023 12,644    12,644 
Amortisation
At 01 April 2022 8,851    8,851 
Charge for year 1,264    1,264 
On disposals -    - 
At 31 March 2023 10,115    10,115 
Net book values
At 31 March 2023 2,529    2,529 
At 31 March 2022 3,793    3,793 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2022 13,200    30,146    4,222    47,568 
Additions -    -    1,915    1,915 
Disposals -    -    -    - 
At 31 March 2023 13,200    30,146    6,137    49,483 
Depreciation
At 01 April 2022 -    28,279    1,943    30,222 
Charge for year 3,300    820    697    4,817 
On disposals -    -    -    - 
At 31 March 2023 3,300    29,099    2,640    35,039 
Net book values
Closing balance as at 31 March 2023 9,900    1,047    3,497    14,444 
Opening balance as at 01 April 2022 13,200    1,867    2,279    17,346 


3