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REGISTERED NUMBER: 03679207 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Greyland Limited

Greyland Limited (Registered number: 03679207)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greyland Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R H Dyson
A Dyson





REGISTERED OFFICE: Fifth Avenue
Tameside Park Ind Estate
Dukinfield
SK16 4PP





REGISTERED NUMBER: 03679207 (England and Wales)





ACCOUNTANTS: NW Accounts Limited
Chartered Accountants
17 Leafield Road
Disley
Stockport
Cheshire
SK12 2JF

Greyland Limited (Registered number: 03679207)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 412,505 488,444
Investments 5 100 -
412,605 488,444

CURRENT ASSETS
Stocks 534,894 554,705
Debtors 6 2,508,003 2,236,305
Cash at bank and in hand 1,014,820 661,249
4,057,717 3,452,259
CREDITORS
Amounts falling due within one year 7 3,604,178 3,047,822
NET CURRENT ASSETS 453,539 404,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,144

892,881

CREDITORS
Amounts falling due after more than one
year

8

(100,000

)

(130,000

)

PROVISIONS FOR LIABILITIES (75,000 ) (85,000 )
NET ASSETS 691,144 677,881

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Capital redemption reserve 40 40
Retained earnings 690,103 676,840
SHAREHOLDERS' FUNDS 691,144 677,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Greyland Limited (Registered number: 03679207)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





R H Dyson - Director


Greyland Limited (Registered number: 03679207)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Greyland 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.

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.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and Over the period of the lease

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Greyland Limited (Registered number: 03679207)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2022 - 50 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 1,216,099
Additions 17,087
At 30 June 2023 1,233,186
DEPRECIATION
At 1 July 2022 727,655
Charge for year 93,026
At 30 June 2023 820,681
NET BOOK VALUE
At 30 June 2023 412,505
At 30 June 2022 488,444

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 2,116,400 1,831,937
Other debtors 391,603 404,368
2,508,003 2,236,305

Greyland Limited (Registered number: 03679207)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 12,500 12,500
Trade creditors 1,397,938 1,365,177
Taxation and social security 471,868 158,894
Other creditors 1,721,872 1,511,251
3,604,178 3,047,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 100,000 130,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank Loan 112,500 142,500
Factoring creditor 1,593,234 1,478,025
1,705,734 1,620,525

There is a debenture, dated 16 July 2002, in favour of Lloyds TSB Commercial Finance Limited Trading as Alex Larwrie factors, incorporating a fixed and floating charge over the assets of the company.

There is a debenture, dated 12 March 2021, in favour of Lloyds Bank PLC, incorporating a fixed and floating charge over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
R H Dyson
Balance outstanding at start of year 269,452 260,742
Amounts advanced - 8,710
Amounts repaid (11,150 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 258,302 269,452

11. RELATED PARTY DISCLOSURES

The company is controlled by R H Dyson by virtue of his shareholding.