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REGISTERED NUMBER: 10477392 (England and Wales)















Greyson Whitley Limited

Directors' Report and

Unaudited Financial Statements

for the Year Ended 31 December 2023






Greyson Whitley Limited (Registered number: 10477392)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Directors' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Greyson Whitley Limited

Company Information
for the year ended 31 December 2023







Directors: C I Gove
D Rookwood





Registered office: 7 Rothbury Road
Hackney Wick
London
E9 5HA





Registered number: 10477392 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Greyson Whitley Limited (Registered number: 10477392)

Directors' Report
for the year ended 31 December 2023


The directors present their report with the financial statements of the company for the year ended 31 December 2023.

Directors
C I Gove has held office during the whole of the period from 1 January 2023 to the date of this report.

Other changes in directors holding office are as follows:

P Basran - resigned 17 March 2023
D Rookwood - appointed 17 March 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





C I Gove - Director


28 October 2024

Greyson Whitley Limited (Registered number: 10477392)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 29,236 46,283

Current assets
Stocks 1,350,139 1,641,673
Debtors 5 792,600 1,223,892
Cash at bank 139,557 730,721
2,282,296 3,596,286
Creditors
Amounts falling due within one year 6 3,309,488 1,717,507
Net current (liabilities)/assets (1,027,192 ) 1,878,779
Total assets less current liabilities (997,956 ) 1,925,062

Capital and reserves
Called up share capital 211 211
Share premium 5,649,876 5,649,876
Retained earnings (6,648,043 ) (3,725,025 )
Shareholders' funds (997,956 ) 1,925,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Greyson Whitley Limited (Registered number: 10477392)

Balance Sheet - continued
31 December 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 28 October 2024 and were signed on its behalf by:





C I Gove - Director


Greyson Whitley Limited (Registered number: 10477392)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Greyson Whitley 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Post year end the company successfully raised new equity funding and extended its debt facilities to support further growth. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Long period
The prior year consists of a 13 month period from 1 December 2021 to 31 December 2022. As the current year figures represent a 12 month period to 31 December 2023, the comparative figures are not entirely comparable.

Turnover
Turnover represents amounts receivable for goods and services provided in the period and is stated net of VAT.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Greyson Whitley Limited (Registered number: 10477392)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 31 (2022 - 27 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 January 2023 11,500 16,115 46,457 74,072
Additions - 1,578 4,884 6,462
At 31 December 2023 11,500 17,693 51,341 80,534
Depreciation
At 1 January 2023 4,073 6,424 17,292 27,789
Charge for year 2,876 4,321 16,312 23,509
At 31 December 2023 6,949 10,745 33,604 51,298
Net book value
At 31 December 2023 4,551 6,948 17,737 29,236
At 31 December 2022 7,427 9,691 29,165 46,283

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 110,956 144,362
Other debtors 681,644 1,079,530
792,600 1,223,892

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,673,263 654,150
Taxation and social security 572,542 403,042
Other creditors 1,063,683 660,315
3,309,488 1,717,507