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REGISTERED NUMBER: SC620265 (Scotland)














Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Grey Dog Digital Ltd

Grey Dog Digital Ltd (Registered number: SC620265)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grey Dog Digital Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: Ms J M Methven





REGISTERED OFFICE: Winterhope Farm Cottage
Waterbeck
LOCKERBIE
Dumfries & Galloway
DG11 3HF





REGISTERED NUMBER: SC620265 (Scotland)





ACCOUNTANTS: DAS Accountant
Cornerstone House
Station Road
Selkirk
Scottish Borders
TD7 5DJ

Grey Dog Digital Ltd (Registered number: SC620265)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 5 240 -
Cash at bank 10,296 17,190
10,536 17,190
CREDITORS
Amounts falling due within one year 6 21,529 15,659
NET CURRENT (LIABILITIES)/ASSETS (10,993 ) 1,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,993

)

1,531

CREDITORS
Amounts falling due after more than one
year

7

11,225

14,214
NET LIABILITIES (22,218 ) (12,683 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,318 ) (12,783 )
(22,218 ) (12,683 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:



Ms J M Methven - Director


Grey Dog Digital Ltd (Registered number: SC620265)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Grey Dog Digital Ltd is a private company, limited by shares , registered in Scotland. 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 - 33% on cost

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.

Going concern
The directors have formed a judgement at the time of approving the Annual Financial Statements that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Grey Dog Digital Ltd (Registered number: SC620265)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 28 February 2024 2,507
DEPRECIATION
At 1 March 2023
and 28 February 2024 2,507
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 240 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,944 2,210
Trade creditors 1 58
Taxation and social security 109 260
Other creditors 19,475 13,131
21,529 15,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 11,225 14,214

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,449 4,685

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the director £19,475. There are no specific repayment terms and no interest has been charged.