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REGISTERED NUMBER: 11053338 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

GREYWOOD COMPONENTS LTD

GREYWOOD COMPONENTS LTD (REGISTERED NUMBER: 11053338)

Contents of the Financial Statements
for the Year Ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREYWOOD COMPONENTS LTD

Company Information
for the Year Ended 30th November 2023







DIRECTOR: Mr S M Willis





REGISTERED OFFICE: 4 Clews Road
Redditch
B987ST





REGISTERED NUMBER: 11053338 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

GREYWOOD COMPONENTS LTD (REGISTERED NUMBER: 11053338)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,252 1,350

CURRENT ASSETS
Debtors 5 6 2,440
Cash at bank 2,069 4,359
2,075 6,799
CREDITORS
Amounts falling due within one year 6 1,685 7,053
NET CURRENT ASSETS/(LIABILITIES) 390 (254 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,642 1,096

PROVISIONS FOR LIABILITIES 7 238 256
NET ASSETS 1,404 840

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,403 839
SHAREHOLDERS' FUNDS 1,404 840

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GREYWOOD COMPONENTS LTD (REGISTERED NUMBER: 11053338)

Balance Sheet - continued
30th November 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 director and authorised for issue on 31st July 2024 and were signed by:





Mr S M Willis - Director


GREYWOOD COMPONENTS LTD (REGISTERED NUMBER: 11053338)

Notes to the Financial Statements
for the Year Ended 30th November 2023


1. STATUTORY INFORMATION

Greywood Components Ltd 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.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GREYWOOD COMPONENTS LTD (REGISTERED NUMBER: 11053338)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 3,380
Additions 320
At 30th November 2023 3,700
DEPRECIATION
At 1st December 2022 2,030
Charge for year 418
At 30th November 2023 2,448
NET BOOK VALUE
At 30th November 2023 1,252
At 30th November 2022 1,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,985
VAT 6 455
6 2,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,600 2,054
Directors' current accounts 85 4,999
1,685 7,053

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 238 256

GREYWOOD COMPONENTS LTD (REGISTERED NUMBER: 11053338)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st December 2022 256
Provided during year (18 )
Balance at 30th November 2023 238

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary voting 1 1 1