Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Dr Janice Fiona Fitzpatrick Mark Alexander Fitzpatrick 18 August 2024 The principle activity of the Company during the financial year was that of the provision of medical services, as well as the printing and postage of mail order gifts. 11072187 2023-11-30 11072187 2022-11-30 11072187 core:CurrentFinancialInstruments 2023-11-30 11072187 core:CurrentFinancialInstruments 2022-11-30 11072187 core:ShareCapital 2023-11-30 11072187 core:ShareCapital 2022-11-30 11072187 core:RetainedEarningsAccumulatedLosses 2023-11-30 11072187 core:RetainedEarningsAccumulatedLosses 2022-11-30 11072187 core:PlantMachinery 2022-11-30 11072187 core:Vehicles 2022-11-30 11072187 core:OfficeEquipment 2022-11-30 11072187 core:PlantMachinery 2023-11-30 11072187 core:Vehicles 2023-11-30 11072187 core:OfficeEquipment 2023-11-30 11072187 bus:OrdinaryShareClass1 2023-11-30 11072187 bus:OrdinaryShareClass2 2023-11-30 11072187 2022-12-01 2023-11-30 11072187 bus:FilletedAccounts 2022-12-01 2023-11-30 11072187 bus:SmallEntities 2022-12-01 2023-11-30 11072187 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11072187 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11072187 bus:Director1 2022-12-01 2023-11-30 11072187 bus:Director2 2022-12-01 2023-11-30 11072187 core:PlantMachinery 2022-12-01 2023-11-30 11072187 core:Vehicles 2022-12-01 2023-11-30 11072187 core:OfficeEquipment core:TopRangeValue 2022-12-01 2023-11-30 11072187 2021-12-01 2022-11-30 11072187 core:OfficeEquipment 2022-12-01 2023-11-30 11072187 core:PlantMachinery 1 2022-12-01 2023-11-30 11072187 core:Vehicles 1 2022-12-01 2023-11-30 11072187 core:OfficeEquipment 1 2022-12-01 2023-11-30 11072187 1 2022-12-01 2023-11-30 11072187 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 11072187 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 11072187 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 11072187 bus:OrdinaryShareClass2 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11072187 (England and Wales)

GREYDELLS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

GREYDELLS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

GREYDELLS LTD

BALANCE SHEET

As at 30 November 2023
GREYDELLS LTD

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 15,329 20,417
15,329 20,417
Current assets
Debtors 4 4,450 27,274
Cash at bank and in hand 3,912 8,282
8,362 35,556
Creditors: amounts falling due within one year 5 ( 20,215) ( 25,249)
Net current (liabilities)/assets (11,853) 10,307
Total assets less current liabilities 3,476 30,724
Provision for liabilities ( 2,913) ( 3,879)
Net assets 563 26,845
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 463 26,745
Total shareholders' funds 563 26,845

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Greydells Ltd (registered number: 11072187) were approved and authorised for issue by the Board of Directors on 18 August 2024. They were signed on its behalf by:

Dr Janice Fiona Fitzpatrick
Director
GREYDELLS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
GREYDELLS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Greydells Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Greydells Road, Stevenage, SG1 3NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover for Medical services is stated net of VAT and is recognised as they are delivered and to the customer.
Turnover for the Postage and printing of gifts is stated net of VAT and is recognised as the goods are posted.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 December 2022 674 36,730 1,397 38,801
At 30 November 2023 674 36,730 1,397 38,801
Accumulated depreciation
At 01 December 2022 355 16,632 1,397 18,384
Charge for the financial year 64 5,025 0 5,089
rounding 0 ( 1) 0 ( 1)
At 30 November 2023 419 21,656 1,397 23,472
Net book value
At 30 November 2023 255 15,074 0 15,329
At 30 November 2022 319 20,098 0 20,417

4. Debtors

2023 2022
£ £
Trade debtors 0 2,928
Other debtors 4,450 24,346
4,450 27,274

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 1,016 4,727
Obligations under finance leases and hire purchase contracts 17,136 18,643
Other creditors 2,063 1,879
20,215 25,249

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary B shares of £ 1.00 each 10 10
90 Ordinary A shares of £ 1.00 each 90 90
100 100

7. Related party transactions

Other related party transactions

2023 2022
£ £
During the year the Company operated a loan account with the Directors. The Directors were advanced £22,898 (2022: £27,926), of which £41,085 (2022:£9620) was repaid. The balance at the end of the year was £4,450 (2022: £22,637). All amounts are repayable on demand and are interest free. 4,450 22,637