1 August 2023 false No description of principal activity Taxfiler 2024.6 04230111business:PrivateLimitedCompanyLtd2023-08-012024-07-31 042301112023-07-31 042301112023-08-012024-07-31 04230111business:AuditExemptWithAccountantsReport2023-08-012024-07-31 04230111business:AbridgedAccounts2023-08-012024-07-31 042301112024-07-31 04230111business:Director12023-08-012024-07-31 04230111business:RegisteredOffice2023-08-012024-07-31 042301112023-07-31 04230111core:WithinOneYear2024-07-31 04230111core:WithinOneYear2023-07-31 04230111core:AfterOneYear2024-07-31 04230111core:AfterOneYear2023-07-31 04230111core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 04230111core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 04230111core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 04230111core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 04230111core:PreviouslyStatedAmount2024-07-31 04230111core:PreviouslyStatedAmount2023-07-31 04230111business:SmallEntities2023-08-012024-07-31 04230111countries:EnglandWales2023-08-012024-07-31 042301112022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 04230111 (England and Wales)
Greylees Limited Unaudited accounts for the year ended 31 July 2024
Greylees Limited Unaudited accounts Contents
Page
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Greylees Limited Company Information for the year ended 31 July 2024
Director
D Bellamy
Company Number
04230111 (England and Wales)
Registered Office
Boiling Wells Farm South Rauceby Sleaford Lincolnshire NG34 8QX
Accountants
Expert FD Limited Sparkhouse Rope Walk Lincoln Lincolnshire LN6 7DQ
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Greylees Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
53,333 
53,333 
Tangible assets
5,100,993 
4,676,583 
5,154,326 
4,729,916 
Current assets
Inventories
4,000 
4,000 
Debtors
711,775 
734,499 
Cash at bank and in hand
7,639 
100,401 
723,414 
838,900 
Creditors: amounts falling due within one year
(650,893)
(707,165)
Net current assets
72,521 
131,735 
Total assets less current liabilities
5,226,847 
4,861,651 
Creditors: amounts falling due after more than one year
(3,857,100)
(3,767,365)
Net assets
1,369,747 
1,094,286 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,369,647 
1,094,186 
Shareholders' funds
1,369,747 
1,094,286 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 December 2024 and were signed on its behalf by
D Bellamy Director Company Registration No. 04230111
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Greylees Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Greylees Limited is a private company, limited by shares, registered in England and Wales, registration number 04230111. The registered office is Boiling Wells Farm, South Rauceby, Sleaford, Lincolnshire, NG34 8QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 August 2023
97,570 
At 31 July 2024
97,570 
Amortisation
At 1 August 2023
44,237 
At 31 July 2024
44,237 
Net book value
At 31 July 2024
53,333 
At 31 July 2023
53,333 
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Greylees Limited Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
5,526,048 
Additions
475,530 
At 31 July 2024
6,001,578 
Depreciation
At 1 August 2023
849,465 
Charge for the year
51,120 
At 31 July 2024
900,585 
Net book value
At 31 July 2024
5,100,993 
At 31 July 2023
4,676,583 
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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