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GREYS ARTSTONE LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2024






GREYS ARTSTONE LIMITED (REGISTERED NUMBER: 03646218)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountant's Report 7

GREYS ARTSTONE LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: C A Bennett
L C Johnson



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 03646218 (England and Wales)



ACCOUNTANT: Botros & Co
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Lloyds Bank Plc
1 Westgate
Huddersfield
West Yorkshire
HD1 2DN

GREYS ARTSTONE LIMITED (REGISTERED NUMBER: 03646218)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,540 157,916

CURRENT ASSETS
Stocks 5 85,508 66,997
Debtors 6 1,014,983 900,861
Cash at bank 391,101 430,400
1,491,592 1,398,258
CREDITORS
Amounts falling due within one year 7 639,723 548,082
NET CURRENT ASSETS 851,869 850,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,409

1,008,092

CREDITORS
Amounts falling due after more than one
year

8

(28,110

)

(14,808

)

PROVISIONS FOR LIABILITIES (9,399 ) (9,399 )
NET ASSETS 987,900 983,885

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 987,800 983,785
SHAREHOLDERS' FUNDS 987,900 983,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

GREYS ARTSTONE LIMITED (REGISTERED NUMBER: 03646218)

Balance Sheet - continued
31 October 2024


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 25 July 2025 and were signed on its behalf by:





C A Bennett - Director


GREYS ARTSTONE LIMITED (REGISTERED NUMBER: 03646218)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Greys Artstone 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

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 20 (2023 - 18 ) .

GREYS ARTSTONE LIMITED (REGISTERED NUMBER: 03646218)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 November 2023 22,972 15,171 222,025
Additions - - 44,817
Disposals - - (56,905 )
At 31 October 2024 22,972 15,171 209,937
DEPRECIATION
At 1 November 2023 - 15,170 115,463
Charge for year - - 22,355
Eliminated on disposal - - (54,562 )
At 31 October 2024 - 15,170 83,256
NET BOOK VALUE
At 31 October 2024 22,972 1 126,681
At 31 October 2023 22,972 1 106,562

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 46,266 17,509 10,425 334,368
Additions - - - 44,817
Disposals (3,078 ) - (8,421 ) (68,404 )
At 31 October 2024 43,188 17,509 2,004 310,781
DEPRECIATION
At 1 November 2023 18,362 17,394 10,063 176,452
Charge for year 4,186 29 280 26,850
Eliminated on disposal (3,078 ) - (8,421 ) (66,061 )
At 31 October 2024 19,470 17,423 1,922 137,241
NET BOOK VALUE
At 31 October 2024 23,718 86 82 173,540
At 31 October 2023 27,904 115 362 157,916

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 85,508 66,997

GREYS ARTSTONE LIMITED (REGISTERED NUMBER: 03646218)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 457,414 343,859
Staff loans - 19,469
Greys Oak Ltd 51,048 29,628
Greys Property Ltd 503,832 503,832
Prepayments 2,689 4,073
1,014,983 900,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 11,025 11,025
Hire purchase contracts 11,651 -
Trade creditors 371,730 326,308
Dividends payable 9,000 -
Tax 62,196 49,043
Social security and other taxes 5,726 7,634
VAT 70,410 53,278
Other creditors 13,752 -
Directors' loan accounts - 3,090
Accrued expenses 84,233 97,704
639,723 548,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 2-5 years 4,808 14,808
Hire purchase contracts 23,302 -
28,110 14,808

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2023 983,785
Profit for the year 204,015
Dividends (200,000 )
At 31 October 2024 987,800

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Greys Artstone Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Greys Artstone Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Greys Artstone Limited, as a body, in accordance with the terms of my engagement letter dated 31 August 2011. My work has been undertaken solely to prepare for your approval the financial statements of Greys Artstone Limited and state those matters that I have agreed to state to the Board of Directors of Greys Artstone Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Greys Artstone Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Greys Artstone Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greys Artstone Limited. You consider that Greys Artstone Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Greys Artstone Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Botros & Co
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


25 July 2025