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REGISTERED NUMBER: 04490869 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Graystone Building Services Limited

Graystone Building Services Limited (Registered number: 04490869)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Graystone Building Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M J Gray
T Gray





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 04490869 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Graystone Building Services Limited (Registered number: 04490869)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,531 43,740

CURRENT ASSETS
Debtors 6 2,211,769 2,005,103
Cash at bank 102,313 69,843
2,314,082 2,074,946
CREDITORS
Amounts falling due within one year 7 288,946 317,370
NET CURRENT ASSETS 2,025,136 1,757,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,054,667

1,801,316

PROVISIONS FOR LIABILITIES 7,383 10,935
NET ASSETS 2,047,284 1,790,381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,047,184 1,790,281
SHAREHOLDERS' FUNDS 2,047,284 1,790,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

Graystone Building Services Limited (Registered number: 04490869)

Balance Sheet - continued
31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





M J Gray - Director


Graystone Building Services Limited (Registered number: 04490869)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Graystone Building Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Graystone Building Services Limited (Registered number: 04490869)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 1,264 71,048 1,358 73,670
DEPRECIATION
At 1 August 2023 1,264 27,308 1,358 29,930
Charge for year - 14,209 - 14,209
At 31 July 2024 1,264 41,517 1,358 44,139
NET BOOK VALUE
At 31 July 2024 - 29,531 - 29,531
At 31 July 2023 - 43,740 - 43,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 200,223 330,637
Amounts owed by group undertakings 2,011,546 1,674,466
2,211,769 2,005,103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade creditors 64,129 87,729
Taxation and social security 168,833 188,601
Other creditors 55,984 41,040
288,946 317,370

8. ULTIMATE CONTROLLING PARTY

The controlling party is Graystone Building Services GroupLimited.

The ultimate controlling party is M J Gray.