GREY AND ASSOCIATES LIMITED

GREY AND ASSOCIATES LIMITED

GREY AND ASSOCIATES LIMITED - Company Information

Print Friendly Version

1 November 2015 true false 067217692015-10-31 067217692015-11-012016-10-31 067217692016-10-31 067217692015-10-31 06721769uk-bus:Director12015-11-012016-10-31 06721769uk-gaap:PlantMachinery2015-11-012016-10-31 06721769uk-gaap:PlantMachinery2015-10-31 06721769uk-gaap:FixturesFittings2015-10-31 06721769uk-gaap:FixturesFittings2015-11-012016-10-31 06721769uk-gaap:PlantMachinery2016-10-31 06721769uk-gaap:FixturesFittings2016-10-31 06721769uk-bus:OrdinaryShareClass12016-10-31 06721769uk-bus:OrdinaryShareClass12015-11-012016-10-31 06721769uk-bus:OrdinaryShareClass12015-10-31 06721769uk-bus:OrdinaryShareClass22016-10-31 06721769uk-bus:OrdinaryShareClass22015-11-012016-10-31 06721769uk-bus:OrdinaryShareClass22015-10-31 06721769uk-bus:AllOrdinaryShares2016-10-31 06721769uk-bus:AllOrdinaryShares2015-10-31 iso4217:GBP xbrli:shares
Company Registration No. 06721769 (England and Wales)
GREY AND ASSOCIATES LIMITED Abbreviated unaudited accounts for the year ended 31 October 2016
GREY AND ASSOCIATES LIMITED Abbreviated Balance Sheet as at 31 October 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
7,939 
9,160 
Current assets
Debtors
2,015 
- 
Current asset investments
2,000 
2,000 
Cash at bank and in hand
61,788 
37,537 
65,803 
39,537 
Creditors: amounts falling due within one year
(30,474)
(26,876)
Net current assets
35,329 
12,661 
Net assets
43,268 
21,821 
Capital and reserves
Called up share capital
3
5 
5 
Profit and loss account
43,263 
21,816 
Total shareholders' funds
43,268 
21,821 
For the year ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 4 November 2016
Steve Whitehead Director Company Registration No. 06721769
- 2 -
GREY AND ASSOCIATES LIMITED Notes to the Abbreviated Accounts for the year ended 31 October 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost
At 1 November 2015
5,453 
8,860 
14,313 
Additions
1,007 
3,100 
4,107 
At 31 October 2016
6,460 
11,960 
18,420 
Depreciation
At 1 November 2015
1,768 
3,385 
5,153 
Charge for the year
3,504 
1,824 
5,328 
At 31 October 2016
5,272 
5,209 
10,481 
Net book value
At 31 October 2016
1,188 
6,751 
7,939 
At 31 October 2015
3,685 
5,475 
9,160 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
1 Ordinary C of £1 each
1 
1 
5 
5 
- 3 -