Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-282false2023-09-01No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13566938 2023-09-01 2024-08-31 13566938 2022-09-01 2023-08-31 13566938 2024-08-31 13566938 2023-08-31 13566938 c:Director2 2023-09-01 2024-08-31 13566938 d:OfficeEquipment 2023-09-01 2024-08-31 13566938 d:OfficeEquipment 2024-08-31 13566938 d:OfficeEquipment 2023-08-31 13566938 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13566938 d:CurrentFinancialInstruments 2024-08-31 13566938 d:CurrentFinancialInstruments 2023-08-31 13566938 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13566938 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13566938 d:ShareCapital 2024-08-31 13566938 d:ShareCapital 2023-08-31 13566938 d:RetainedEarningsAccumulatedLosses 2024-08-31 13566938 d:RetainedEarningsAccumulatedLosses 2023-08-31 13566938 c:FRS102 2023-09-01 2024-08-31 13566938 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13566938 c:FullAccounts 2023-09-01 2024-08-31 13566938 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13566938 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 13566938









GREYHOUND TRADER LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
GREYHOUND TRADER LTD
REGISTERED NUMBER: 13566938

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
79
592

Current assets
  

Stocks
  
5,000
-

Debtors: amounts falling due within one year
 5 
41,804
32,203

Current asset investments
 6 
-
24,000

Cash at bank and in hand
  
69,342
36,868

  
116,146
93,071

Creditors: amounts falling due within one year
 7 
(174,273)
(127,201)

Net current liabilities
  
 
 
(58,127)
 
 
(34,130)

Provisions for liabilities
  

Deferred tax
  
(20)
(113)

Net liabilities
  
(58,068)
(33,651)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(58,268)
(33,851)

  
(58,068)
(33,651)

Page 1

 
GREYHOUND TRADER LTD
REGISTERED NUMBER: 13566938
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 May 2025.




J N Corden
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
GREYHOUND TRADER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number 1356938). The address of the registered office is Cromwell House, 68 West Gate Mansfield, Nottinghamshire, NG18 1RR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of signing there is a degree of uncertainty about the full economic impact of the wider geopolitical environment and the cost of living. The director continues to monitor the position closely, however he believes that the company will continue at an appropriate level of activity, subject to his continued support.

Page 3

 
GREYHOUND TRADER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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 satisfied:
the amount of revenue 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.

Page 4

 
GREYHOUND TRADER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 in the countries where the company operates and generates income.

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.


 
2.5

Tangible fixed assets

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
1/3 straight-line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
GREYHOUND TRADER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
1,538



At 31 August 2024

1,538



Depreciation


At 1 September 2023
946


Charge for the year on owned assets
513



At 31 August 2024

1,459



Net book value



At 31 August 2024
79



At 31 August 2023
592
Page 6

 
GREYHOUND TRADER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
29,844
32,003

Other debtors
11,760
-

Called up share capital not paid
200
200

41,804
32,203


Included within other debtors due within one year is a loan to a director, amounting to £11,760 (2023 - £0). Amounts repaid during the year totalled £NIL.  The main conditions were as follows:

The loan is interest free and repayable on demand.


6.


Current asset investments

2024
2023
£
£

Unlisted investments
-
24,000



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
103,270
50,950

Amounts owed to other participating interests
68,282
73,152

Accruals and deferred income
2,721
3,099

174,273
127,201


 
Page 7