Greynoise Design Limited
Registered number: 06475583
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 395 789
Current assets
Debtors 5 17,923 15,447
Cash at bank and in hand 7,856 14,771
25,779 30,218
Creditors: amounts falling due within one year 6 (19,392) (21,046)
Net current assets 6,387 9,172
Total assets less current liabilities 6,782 9,961
Creditors: amounts falling due after more than one year 7 (5,922) (8,819)
Provisions for liabilities (88) (149)
Net assets 772 993
Capital and reserves
Called up share capital 2 2
Profit and loss account 770 991
Shareholders' funds 772 993
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.
Mr Paul Douglas Stevens
Director
Approved by the board on 28 August 2025
Greynoise Design Limited
Notes to the Accounts
for the year ended 31 January 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 50% Reducing Balance
Computer Equipment 50% Reducing Balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 5,450
At 31 January 2025 5,450
Amortisation
At 1 February 2024 5,450
At 31 January 2025 5,450
Net book value
At 31 January 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Office Equipment Computer Equipment Total
£ £ £
Cost
At 1 February 2024 2,879 21,151 24,030
At 31 January 2025 2,879 21,151 24,030
Depreciation
At 1 February 2024 2,653 20,588 23,241
Charge for the year 92 302 394
At 31 January 2025 2,745 20,890 23,635
Net book value
At 31 January 2025 134 261 395
At 31 January 2024 226 563 789
5 Debtors 2025 2024
£ £
Trade debtors 17,191 14,364
Other debtors 732 1,083
17,923 15,447
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 3,160 605
Directors Loan Input 3 194
Corporation tax 1,472 1,839
Other taxes and social security costs 6,877 7,622
Other creditors 2,880 5,786
19,392 21,046
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 5,922 8,819
8 Other information
Greynoise Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 6C Dollymans Farm
Doublegate Lane
Rawreth
Wickford, Essex
SS11 8UD
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