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REGISTERED NUMBER: 05862987 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

GREYCAR LIMITED

GREYCAR LIMITED (REGISTERED NUMBER: 05862987)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREYCAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: J A P Leech





SECRETARY: Ms K Leech





REGISTERED OFFICE: 5 The Pollards
Bentley
Farnham
Surrey
GU10 5NE





REGISTERED NUMBER: 05862987 (England and Wales)





ACCOUNTANTS: Cook and Partners Limited
Chartered Accountants
32 Rye Street
Bishop's Stortford
Hertfordshire
CM23 2HG

GREYCAR LIMITED (REGISTERED NUMBER: 05862987)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 751

CURRENT ASSETS
Stocks 7,400 8,050
Debtors 5 - 356
Cash at bank 1,355 -
8,755 8,406
CREDITORS
Amounts falling due within one year 6 68,252 75,204
NET CURRENT LIABILITIES (59,497 ) (66,798 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,497

)

(66,047

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (59,498 ) (66,048 )
SHAREHOLDERS' FUNDS (59,497 ) (66,047 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 13th May 2025 and were signed by:





J A P Leech - Director


GREYCAR LIMITED (REGISTERED NUMBER: 05862987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Greycar 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

Accounting convention
Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30 September 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

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 - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

First year adoption
The company adopted FRS 102 from 01/10/2016 onwards.

There are no material impacts of this change in the comparative figures.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

GREYCAR LIMITED (REGISTERED NUMBER: 05862987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st October 2023
and 30th September 2024 13,755
DEPRECIATION
At 1st October 2023 13,004
Charge for year 751
At 30th September 2024 13,755
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 375
Trade creditors (1 ) (1 )
Taxation and social security 1 -
Other creditors 68,252 74,830
68,252 75,204

7. ULTIMATE CONTROLLING PARTY

The controlling party is J A P Leech.