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REGISTERED NUMBER: 09304061 (England and Wales)












GHYSTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GHYSTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R T Hill
E R Hill





REGISTERED OFFICE: 5th Floor (West)
Programme
All Saints Street
Bristol
BS1 2LZ





REGISTERED NUMBER: 09304061 (England and Wales)

GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 502,760 55,510
Investments 5 34,042 9,998
536,802 65,508

CURRENT ASSETS
Debtors 6 1,149,138 643,721
Cash at bank 811,651 1,773,012
1,960,789 2,416,733
CREDITORS
Amounts falling due within one year 7 (984,705 ) (646,617 )
NET CURRENT ASSETS 976,084 1,770,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,512,886

1,835,624

CREDITORS
Amounts falling due after more than one
year

8

(90,966

)

-

PROVISIONS FOR LIABILITIES - (87,177 )
NET ASSETS 1,421,920 1,748,447

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,421,620 1,748,147
SHAREHOLDERS' FUNDS 1,421,920 1,748,447

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

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

GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





R T Hill - Director


GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Ghyston 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Revenue from contracts for the provision of software development and consultancy is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual daily staff rates, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

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:

Short leasehold- 33% Straight line
Fixtures and fittings- 25% Straight line
Motor Vehicles- 25% Straight line
Computer equipment- 33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Equity settled share-based payment transactions
The company operates an equity-settled EMI share option scheme. The fair value of share entitlements granted is recognised as staff costs in the profit and loss account with a corresponding increase in equity. Share options granted under the scheme are subject to non-market vesting conditions, which are not taken into account when estimating the fair value of entitlements as at the grant date. The expense is based on the fair value of the total number of entitlements expected to vest and is allocated to accounting periods on a straight line basis over the vesting period.


GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 60 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 31,958 35,202 40,490 167,634 275,284
Additions 445,182 104,447 37,909 36,239 623,777
Disposals (31,958 ) (15,070 ) - (1,787 ) (48,815 )
At 31 December 2024 445,182 124,579 78,399 202,086 850,246
DEPRECIATION
At 1 January 2024 23,347 29,271 32,055 135,101 219,774
Charge for year 101,414 19,050 16,333 30,619 167,416
Eliminated on disposal (25,855 ) (12,062 ) - (1,787 ) (39,704 )
At 31 December 2024 98,906 36,259 48,388 163,933 347,486
NET BOOK VALUE
At 31 December 2024 346,276 88,320 30,011 38,153 502,760
At 31 December 2023 8,611 5,931 8,435 32,533 55,510

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST
At 1 January 2024 9,998
Additions 24,044
At 31 December 2024 34,042
NET BOOK VALUE
At 31 December 2024 34,042
At 31 December 2023 9,998

GHYSTON LIMITED (REGISTERED NUMBER: 09304061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 490,056 194,931
Amounts recoverable on contracts 243,899 248,033
Other debtors 57,848 4,370
Tax 104,060 -
Prepayments 147,952 149,245
1,043,815 596,579

Amounts falling due after more than one year:
Other debtors 105,323 47,142

Aggregate amounts 1,149,138 643,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts and finance leases 64,758 -
Trade creditors 135,831 69,493
Tax - 40,784
Social security and other taxes 129,041 146,265
VAT 225,976 160,114
Other creditors 36,916 9,383
Accruals and deferred income 392,183 220,578
984,705 646,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts and finance leases 90,966 -

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had future commitments under operating leases totalling £1,100,630 (2023: £52,666).