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REGISTERED NUMBER: 02847354 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Greyhound Graphics Limited

Greyhound Graphics Limited (Registered number: 02847354)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greyhound Graphics Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B R Rees
S M Tobin





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 02847354 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Greyhound Graphics Limited (Registered number: 02847354)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,744 26,168

CURRENT ASSETS
Stocks 4,131 3,849
Debtors 5 37,079 30,992
Cash at bank 69,058 59,977
110,268 94,818
CREDITORS
Amounts falling due within one year 6 68,595 45,096
NET CURRENT ASSETS 41,673 49,722
TOTAL ASSETS LESS CURRENT LIABILITIES 64,417 75,890

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (6,345 ) (5,474 )
NET ASSETS 50,572 52,916

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 49,572 51,916
50,572 52,916

Greyhound Graphics Limited (Registered number: 02847354)

Balance Sheet - continued
30 September 2024


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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





B R Rees - Director


Greyhound Graphics Limited (Registered number: 02847354)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Greyhound Graphics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment- 20% on reducing balance
Website- 40% on reducing balance
Computer equipment- 40% on reducing balance

Greyhound Graphics Limited (Registered number: 02847354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads incurred in bringing inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Greyhound Graphics Limited (Registered number: 02847354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment Website equipment Totals
£    £    £    £   
COST
At 1 October 2023 270,784 29,231 24,384 324,399
Additions - - 3,562 3,562
At 30 September 2024 270,784 29,231 27,946 327,961
DEPRECIATION
At 1 October 2023 247,811 29,182 21,238 298,231
Charge for year 4,595 20 2,371 6,986
At 30 September 2024 252,406 29,202 23,609 305,217
NET BOOK VALUE
At 30 September 2024 18,378 29 4,337 22,744
At 30 September 2023 22,973 49 3,146 26,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 35,360 24,857
Other debtors 1,719 6,135
37,079 30,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 12,193 8,967
Taxation and social security 20,228 11,293
Other creditors 26,174 14,836
68,595 45,096

Greyhound Graphics Limited (Registered number: 02847354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 7,500 17,500

Included in bank loans in notes 6 and 7 is a combined balance of £17,500 (2023 - £27,500) which is unsecured and guaranteed by the government.

8. OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £80,427 (2023 - £89,864).

9. PENSION COMMITMENTS

At the year end contributions of £168 (2023 - £143) to defined contribution pension schemes were outstanding.

10. RELATED PARTY DISCLOSURES

Loans to related parties



Key
management


Total
2024 £ £
At start of period - -
Advanced - -
Repaid - -
At end of period - -


Key
management


Total
2023 £ £
At start of period 6,088 6,088
Advanced - -
Repaid (6,088 ) (6,088 )
At end of period - -

Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000. Interest is charged at the HMRC prevailing rate.

Greyhound Graphics Limited (Registered number: 02847354)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. RELATED PARTY DISCLOSURES - continued

Loans from related parties



Key
management


Total
2024 £ £
At start of period 246 246
Advanced 57,228 57,228
Repaid (47,520 ) (47,520 )
At end of period 9,954 9,954


Key
management


Total
2023 £ £
At start of period 7,148 7,148
Advanced 76,116 76,116
Repaid (83,018 ) (83,018 )
At end of period 246 246

Loans from key management are interest free and repayable on demand.