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COMPANY REGISTRATION NUMBER: 07404672
Greystone Commerce Limited
Filleted Unaudited Financial Statements
28 February 2023
Greystone Commerce Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
52
Creditors: amounts falling due within one year
4
61,134
60,901
---------
---------
Net current liabilities
61,134
60,849
---------
---------
Total assets less current liabilities
( 61,134)
( 60,849)
---------
---------
Net liabilities
( 61,134)
( 60,849)
---------
---------
Capital and reserves
Called up share capital
120
120
Profit and loss account
( 61,254)
( 60,969)
---------
---------
Shareholders deficit
( 61,134)
( 60,849)
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 November 2023 , and are signed on behalf of the board by:
Mr R D Milestone
Director
Company registration number: 07404672
Greystone Commerce Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Calvestone Road, Cawston, Rugby, CV22 7UQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts due to related company
2,989
2,636
Other creditors
58,145
58,265
---------
---------
61,134
60,901
---------
---------
5. Directors' advances, credits and guarantees
There were no directors' advances, credits or guarantees during the year. At the year end the company owed the directors £57,785 (2022 - £57,785).
6. Related party transactions
The company was under the control of the directors throughout the current and previous year. Global Search Marketing Limited is a company also under the control of the directors. At the year end the amount owed to Global Search Marketing Limited was £2,989 (2022 - £2,636).