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Company Registration No. 10665009 (England and Wales)
GREYMOOR CONSTRUCTION LTD
Financial Statements
for the Period from 01 July 2022 to 30 June 2023

GREYMOOR CONSTRUCTION LTD

Financial Statements for the period ending 30 June 2023

GREYMOOR CONSTRUCTION LTD

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

1. Statutory Information
GREYMOOR CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 10665009.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes. Turnover from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied:- the amount of turnover can be measured reliably;- it is probable that consideration due will be received;- the stage of completion of the contract at the reporting date can be measured reliably, and- the costs incurred, or to be incurred, can be measured reliably. Turnover recognised but not billed at the reporting date is treated as amounts recoverable on contracts due within one year. Where the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

GREYMOOR CONSTRUCTION LTD

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

Current Tax
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.

GREYMOOR CONSTRUCTION LTD

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

Stock
Work in progress represents the value of work completed on a contract not yet recognised as turnover.
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.

GREYMOOR CONSTRUCTION LTD

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 0
2022 0
4. Principal Activity
Property Development