Registered number
07466341
Greylag Consultancy Limited
Filleted Accounts
31 March 2025
Greylag Consultancy Limited
Registered number: 07466341
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 335 505
Current assets
Debtors 4 278,840 222,838
Cash at bank and in hand 141,688 27,012
420,528 249,850
Creditors: amounts falling due within one year 5 (170,520) (122,839)
Net current assets 250,008 127,011
Net assets 250,343 127,516
Capital and reserves
Called up share capital 100 100
Profit and loss account 250,243 127,416
Shareholders' funds 250,343 127,516
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T W Davies
Director
Approved by the board on 30 April 2025
Greylag Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Mobile phones over 4 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Mobile phones Total
£ £ £
Cost
At 1 April 2024 2,242 2,152 4,394
At 31 March 2025 2,242 2,152 4,394
Depreciation
At 1 April 2024 2,242 1,647 3,889
Charge for the year - 170 170
At 31 March 2025 2,242 1,817 4,059
Net book value
At 31 March 2025 - 335 335
At 31 March 2024 - 505 505
4 Debtors 2025 2024
£ £
Trade debtors 225,000 140,000
Directors loan 36,840 17,738
Intercompany loan 17,000 65,100
278,840 222,838
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 25,615 33,425
Taxation and social security costs 131,920 71,414
Other creditors 12,985 18,000
170,520 122,839
6 Controlling party
The company is controlled by the directors.
7 Other information
Greylag Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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