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REGISTERED NUMBER: 12732462 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Grey Oak Logistics Limited

Grey Oak Logistics Limited (Registered number: 12732462)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grey Oak Logistics Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P W Owen
Mrs J M Owen





REGISTERED OFFICE: Greycot Barrow Lane
Tarvin
Chester
CH3 8EN





REGISTERED NUMBER: 12732462 (England and Wales)





ACCOUNTANTS: G Ceidiog Hughes Limited
40 Brookhouse Road
Denbigh
Clwyd
LL16 4RQ

Grey Oak Logistics Limited (Registered number: 12732462)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,429 6,283

CURRENT ASSETS
Debtors 5 20,516 29,757
Cash at bank 8,436 961
28,952 30,718
CREDITORS
Amounts falling due within one year 6 33,618 31,843
NET CURRENT LIABILITIES (4,666 ) (1,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

763

5,158

PROVISIONS FOR LIABILITIES 7 531 1,194
NET ASSETS 232 3,964

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 32 3,764
SHAREHOLDERS' FUNDS 232 3,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Grey Oak Logistics Limited (Registered number: 12732462)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





P W Owen - Director


Grey Oak Logistics Limited (Registered number: 12732462)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Grey Oak Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Grey Oak Logistics Limited (Registered number: 12732462)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 4,883 2,694 7,577
Additions - 1,172 1,172
At 31 March 2023 4,883 3,866 8,749
DEPRECIATION
At 1 April 2022 599 695 1,294
Charge for year 1,220 806 2,026
At 31 March 2023 1,819 1,501 3,320
NET BOOK VALUE
At 31 March 2023 3,064 2,365 5,429
At 31 March 2022 4,284 1,999 6,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 16,744 25,436
Social security and other taxes 100 -
Prepayments and accrued income 3,672 4,321
20,516 29,757

Grey Oak Logistics Limited (Registered number: 12732462)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax - 86
Social security and other taxes - 1,594
VAT 531 3,389
Directors' current accounts 31,287 24,948
Accrued expenses 1,800 1,826
33,618 31,843

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 531 1,194

Deferred
tax
£   
Balance at 1 April 2022 1,194
Movement in the year due to:
Changes in tax allowances (663 )
Changes in tax rates
Balance at 31 March 2023 531

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
150 A £1 150 150
30 B £1 30 30
20 C £1 20 20
200 200