Silverfin false false 31/03/2025 01/04/2024 31/03/2025 M Gray 07/03/2003 28 July 2025 The principal activity of the Company during the financial period was that of yachting services. 04690247 2025-03-31 04690247 bus:Director1 2025-03-31 04690247 2024-03-31 04690247 core:CurrentFinancialInstruments 2025-03-31 04690247 core:CurrentFinancialInstruments 2024-03-31 04690247 core:ShareCapital 2025-03-31 04690247 core:ShareCapital 2024-03-31 04690247 core:RetainedEarningsAccumulatedLosses 2025-03-31 04690247 core:RetainedEarningsAccumulatedLosses 2024-03-31 04690247 core:PlantMachinery 2024-03-31 04690247 core:Vehicles 2024-03-31 04690247 core:FurnitureFittings 2024-03-31 04690247 core:OfficeEquipment 2024-03-31 04690247 core:PlantMachinery 2025-03-31 04690247 core:Vehicles 2025-03-31 04690247 core:FurnitureFittings 2025-03-31 04690247 core:OfficeEquipment 2025-03-31 04690247 bus:OrdinaryShareClass1 2025-03-31 04690247 2024-04-01 2025-03-31 04690247 bus:FilletedAccounts 2024-04-01 2025-03-31 04690247 bus:SmallEntities 2024-04-01 2025-03-31 04690247 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04690247 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04690247 bus:Director1 2024-04-01 2025-03-31 04690247 core:PlantMachinery 2024-04-01 2025-03-31 04690247 core:Vehicles 2024-04-01 2025-03-31 04690247 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 04690247 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 04690247 2023-04-01 2024-03-31 04690247 core:FurnitureFittings 2024-04-01 2025-03-31 04690247 core:OfficeEquipment 2024-04-01 2025-03-31 04690247 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04690247 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04690247 (England and Wales)

GRAYONBLUE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

GRAYONBLUE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

GRAYONBLUE LTD

BALANCE SHEET

As at 31 March 2025
GRAYONBLUE LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 107,398 124,272
107,398 124,272
Current assets
Debtors 4 6,028 19,219
Cash at bank and in hand 24,702 5,096
30,730 24,315
Creditors: amounts falling due within one year 5 ( 43,261) ( 59,466)
Net current liabilities (12,531) (35,151)
Total assets less current liabilities 94,867 89,121
Provision for liabilities ( 22,670) ( 21,202)
Net assets 72,197 67,919
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 72,195 67,917
Total shareholder's funds 72,197 67,919

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Grayonblue Ltd (registered number: 04690247) were approved and authorised for issue by the Director on 28 July 2025. They were signed on its behalf by:

M Gray
Director
GRAYONBLUE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
GRAYONBLUE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Grayonblue Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 April 2024 123,662 8,995 13,489 5,729 151,875
Additions 750 0 0 0 750
At 31 March 2025 124,412 8,995 13,489 5,729 152,625
Accumulated depreciation
At 01 April 2024 16,054 5,595 225 5,729 27,603
Charge for the financial year 16,235 850 539 0 17,624
At 31 March 2025 32,289 6,445 764 5,729 45,227
Net book value
At 31 March 2025 92,123 2,550 12,725 0 107,398
At 31 March 2024 107,608 3,400 13,264 0 124,272

4. Debtors

2025 2024
£ £
Trade debtors 5,852 10,224
Other debtors 176 8,995
6,028 19,219

5. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 9,045 0
Other creditors 34,216 59,466
43,261 59,466

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2