6426818falsethe provision of accountancy services2023-05-152024-10-31http://www.companieshouse.gov.uk/2023-05-14http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-14http://www.companieshouse.gov.uk/cd:Director12023-05-152024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-14http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-152024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-152024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-152024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-14http://www.companieshouse.gov.uk/2023-05-152024-10-31http://www.companieshouse.gov.uk/2023-05-14http://www.companieshouse.gov.uk/cd:FRS1022023-05-152024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-152024-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-152024-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 6426818

Greywalls Accountants Limited

ACCOUNTS
FOR THE 536 DAY PERIOD ENDED 31/10/2024

Prepared By:
Greywalls Accountants Limited
13
Isis Lake
Cirencester
Gloucestershire
GL7 5LT

Greywalls Accountants Limited

ACCOUNTS
FOR THE 536 DAY PERIOD ENDED 31/10/2024
DIRECTORS
Neil Fox
REGISTERED OFFICE
13 Isis Lake
Spine Road
South Cerney
Glos
GL7 5LT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6426818
ACCOUNTANTS
Greywalls Accountants Limited
13
Isis Lake
Cirencester
Gloucestershire
GL7 5LT

Greywalls Accountants Limited

ACCOUNTS
FOR THE536 DAY PERIODENDED31/10/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Greywalls Accountants Limited

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets293324
CURRENT ASSETS
Debtors344,86862,905
Cash at bank and in hand6865,430
45,55468,335
CREDITORS: Amounts falling due within one year430,48749,257
NET CURRENT ASSETS15,06719,078
TOTAL ASSETS LESS CURRENT LIABILITIES15,16019,402
CAPITAL AND RESERVES
Called up share capital6101101
Profit and loss account15,05919,301
SHAREHOLDERS' FUNDS15,16019,402
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/02/2025 and signed on their behalf by
.............................
Neil Fox
Director

Greywalls Accountants Limited

NOTES TO THE ACCOUNTS
FOR THE 536 DAY PERIOD ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Equipmentstraight line33%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Functional Currency
The financial statements are prepared in pounds sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1e. Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that; the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Greywalls Accountants Limited

1f. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisifed;
- the amount of turnover can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 15/05/2023487487
At 31/10/2024487487
Depreciation
At 15/05/2023163163
For the 536 day period231231
At 31/10/2024394394
Net Book Amounts
At 31/10/20249393
At 14/05/2023324324
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors34,36330,205
Other debtors10,50532,700
44,86862,905

Greywalls Accountants Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,68630,187
VAT7,8373,826
PAYE control484-
Directors current account39615,244
Other creditors84-
30,48749,257
5. EMPLOYEES
20242023
No.No.
Average number of employees33
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
101 Ordinary shares of £1.00 each101101
101101
7. CONTROLLING PARTY
The company's sole director, Neil Fox, is the controlling party, by virtue of the fact that he holds all of the company's issued share capital.
8. COMPANY INFORMATION
Greywalls Accountants Limited is a private company limited by shares incorporated in England and Wales, company number 6426818. The registered office is 13 Isis Lake, Spine Road, South Cerney, Cirencester GL7 5LT.