2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06476359 2024-02-01 2025-01-31 06476359 2025-01-31 06476359 2024-01-31 06476359 2023-02-01 2024-01-31 06476359 2024-01-31 06476359 2023-01-31 06476359 core:FurnitureFittings 2024-02-01 2025-01-31 06476359 bus:Director1 2024-02-01 2025-01-31 06476359 core:FurnitureFittings 2024-01-31 06476359 core:FurnitureFittings 2025-01-31 06476359 core:WithinOneYear 2025-01-31 06476359 core:WithinOneYear 2024-01-31 06476359 core:ShareCapital 2025-01-31 06476359 core:ShareCapital 2024-01-31 06476359 core:RetainedEarningsAccumulatedLosses 2025-01-31 06476359 core:RetainedEarningsAccumulatedLosses 2024-01-31 06476359 core:FurnitureFittings 2024-01-31 06476359 bus:SmallEntities 2024-02-01 2025-01-31 06476359 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 06476359 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06476359 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06476359 bus:FullAccounts 2024-02-01 2025-01-31 06476359 core:ComputerEquipment 2024-02-01 2025-01-31 06476359 core:ComputerEquipment 2025-01-31 06476359 core:ComputerEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 06476359
GREY ARROW LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 January 2025
GREY ARROW LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
652
869
CURRENT ASSETS
Debtors
5
20,000
20,000
Cash at bank and in hand
30,507
4,565
--------
--------
50,507
24,565
CREDITORS: amounts falling due within one year
6
( 43,754)
( 22,602)
--------
--------
NET CURRENT ASSETS
6,753
1,963
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
7,405
2,832
PROVISIONS
Taxation including deferred tax
( 150)
( 165)
-------
-------
NET ASSETS
7,255
2,667
-------
-------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
7,253
2,665
-------
-------
SHAREHOLDERS FUNDS
7,255
2,667
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GREY ARROW LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
J Marriott
Director
Company registration number: 06476359
GREY ARROW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brook Lynn, 5 Chapel Lane, Golcar, Huddersfield, HD7 4 HZ.
2. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services provided during the year
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
25% reducing balance
Computer Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
3. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
4. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 February 2024 and 31 January 2025
4,676
3,290
7,966
-------
-------
-------
Depreciation
At 1 February 2024
3,807
3,290
7,097
Charge for the year
217
217
-------
-------
-------
At 31 January 2025
4,024
3,290
7,314
-------
-------
-------
Carrying amount
At 31 January 2025
652
652
-------
-------
-------
At 31 January 2024
869
869
-------
-------
-------
5. DEBTORS
2025
2024
£
£
Other debtors
20,000
20,000
--------
--------
6. CREDITORS: amounts falling due within one year
2025
2024
£
£
Corporation tax
22,313
4,864
Other creditors
18,813
15,230
Other creditors
2,628
2,508
--------
--------
43,754
22,602
--------
--------