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REGISTERED NUMBER: 12357783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

GREYS LEISURE LIMITED

GREYS LEISURE LIMITED (REGISTERED NUMBER: 12357783)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREYS LEISURE LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: J Clark
Mrs D D C Clark





REGISTERED OFFICE: 219a High Street
Northallerton
North Yorkshire
DL7 8LW





REGISTERED NUMBER: 12357783 (England and Wales)





ACCOUNTANTS: Robert Miller & Co.
Chartered Accountants
43a Front Street
Cleadon Village
Sunderland
SR6 7PG

GREYS LEISURE LIMITED (REGISTERED NUMBER: 12357783)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 454,986 461,071

CURRENT ASSETS
Stocks 2,340 5,000
Cash at bank and in hand 3,217 9,364
5,557 14,364
CREDITORS
Amounts falling due within one
year

4

121,008

92,045
NET CURRENT LIABILITIES (115,451 ) (77,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,535

383,390

CREDITORS
Amounts falling due after more
than one year

5

(343,523

)

(362,075

)

PROVISIONS FOR LIABILITIES (6,552 ) (7,708 )
NET (LIABILITIES)/ASSETS (10,540 ) 13,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,640 ) 13,507
SHAREHOLDERS' FUNDS (10,540 ) 13,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

GREYS LEISURE LIMITED (REGISTERED NUMBER: 12357783)

BALANCE SHEET - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




J Clark - Director



Mrs D D C Clark - Director


GREYS LEISURE LIMITED (REGISTERED NUMBER: 12357783)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. 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.
Fixtures and fittings - 15% on reducing balance

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

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and
Property fittings Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 420,504 55,528 476,032
DEPRECIATION
At 1 March 2023 - 14,961 14,961
Charge for year - 6,085 6,085
At 29 February 2024 - 21,046 21,046
NET BOOK VALUE
At 29 February 2024 420,504 34,482 454,986
At 28 February 2023 420,504 40,567 461,071

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,948 9,848
Trade creditors 1,096 -
Taxation and social security 6,337 14,699
Other creditors 104,627 67,498
121,008 92,045

GREYS LEISURE LIMITED (REGISTERED NUMBER: 12357783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,194 23,180
Other creditors 329,329 338,895
343,523 362,075