2022-01-012022-12-312022-12-31false01629161GREYSTONE 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GREYSTONE LIMITED

Registered Number
01629161
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

GREYSTONE LIMITED
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

JAWAD, Husam

Registered Address

Unit G04 10 Courtenay Road
East Lane
Wembley
HA9 7ND

Registered Number

01629161 (England and Wales)
GREYSTONE LIMITED
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets511,38013,133
11,38013,133
Current assets
Stocks654,68446,788
Debtors7907,044681,937
Cash at bank and on hand33,161155,355
994,889884,080
Creditors amounts falling due within one year8(313,698)(262,628)
Net current assets (liabilities)681,191621,452
Total assets less current liabilities692,571634,585
Net assets692,571634,585
Capital and reserves
Called up share capital1,0001,000
Profit and loss account691,571633,585
Shareholders' funds692,571634,585
The financial statements were approved and authorised for issue by the Director on 30 September 2023, and are signed on its behalf by:
JAWAD, Husam
Director
Registered Company No. 01629161
GREYSTONE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20222021
Average number of employees during the year55
5.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 2213,909155,216169,125
Additions-1,0641,064
At 31 December 2213,909156,280170,189
Depreciation and impairment
At 01 January 2213,909142,083155,992
Charge for year-2,8172,817
At 31 December 2213,909144,900158,809
Net book value
At 31 December 22-11,38011,380
At 31 December 21-13,13313,133
6.Stocks

2022

2021

££
Other stocks54,68446,788
Total54,68446,788
7.Debtors

2022

2021

££
Trade debtors / trade receivables116,86585,179
Amounts owed by group undertakings524,725438,904
Other debtors265,454153,948
Amounts owed by group undertakings (Non-current)-3,906
Total907,044681,937
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2022

2021

££
Trade creditors / trade payables121,455113,186
Bank borrowings and overdrafts42,50050,000
Taxation and social security23,6127,841
Other creditors121,63187,101
Accrued liabilities and deferred income4,5004,500
Total313,698262,628
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.