Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Dr J Fitzpatrick Mr M Fitzpatrick 29 August 2025 The principle activity of the Company during the financial year was that of the provision of medical services, as well as the printing and postage of mail order gifts. 11072187 2024-11-30 11072187 2023-11-30 11072187 core:CurrentFinancialInstruments 2024-11-30 11072187 core:CurrentFinancialInstruments 2023-11-30 11072187 core:ShareCapital 2024-11-30 11072187 core:ShareCapital 2023-11-30 11072187 core:RetainedEarningsAccumulatedLosses 2024-11-30 11072187 core:RetainedEarningsAccumulatedLosses 2023-11-30 11072187 core:PlantMachinery 2023-11-30 11072187 core:Vehicles 2023-11-30 11072187 core:PlantMachinery 2024-11-30 11072187 core:Vehicles 2024-11-30 11072187 bus:OrdinaryShareClass1 2024-11-30 11072187 bus:OrdinaryShareClass2 2024-11-30 11072187 2023-12-01 2024-11-30 11072187 bus:FilletedAccounts 2023-12-01 2024-11-30 11072187 bus:SmallEntities 2023-12-01 2024-11-30 11072187 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 11072187 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11072187 bus:Director1 2023-12-01 2024-11-30 11072187 bus:Director2 2023-12-01 2024-11-30 11072187 core:PlantMachinery 2023-12-01 2024-11-30 11072187 core:Vehicles 2023-12-01 2024-11-30 11072187 2022-12-01 2023-11-30 11072187 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 11072187 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 11072187 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 11072187 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11072187 (England and Wales)

GREYDELLS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

GREYDELLS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

GREYDELLS LTD

BALANCE SHEET

As at 30 November 2024
GREYDELLS LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,305 15,329
11,305 15,329
Current assets
Debtors 4 60 4,450
Cash at bank and in hand 5,533 3,912
5,593 8,362
Creditors: amounts falling due within one year 5 ( 28,452) ( 20,215)
Net current liabilities (22,859) (11,853)
Total assets less current liabilities (11,554) 3,476
Provision for liabilities ( 2,187) ( 2,913)
Net (liabilities)/assets ( 13,741) 563
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 13,841 ) 463
Total shareholders' (deficit)/funds ( 13,741) 563

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Greydells Ltd (registered number: 11072187) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Dr J Fitzpatrick
Director
GREYDELLS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
GREYDELLS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
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

Greydells 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 2 Greydells Road, Stevenage, SG1 3NL, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. The Company places reliance on the directors continuing support given the net liability position. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover for medical services is stated net of VAT and is recognised as they are delivered to the customer.
Turnover for the postage and printing of gifts is stated net of VAT and is recognised as the goods are posted.

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, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 1

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 December 2023 674 36,730 37,404
Disposals ( 674) 0 ( 674)
At 30 November 2024 0 36,730 36,730
Accumulated depreciation
At 01 December 2023 419 21,656 22,075
Charge for the financial year 0 3,769 3,769
Disposals ( 419) 0 ( 419)
At 30 November 2024 0 25,425 25,425
Net book value
At 30 November 2024 0 11,305 11,305
At 30 November 2023 255 15,074 15,329

4. Debtors

2024 2023
£ £
Other debtors 60 4,450

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 233 1,016
Obligations under finance leases and hire purchase contracts 0 17,136
Other creditors 28,219 2,063
28,452 20,215

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary B shares of £ 1.00 each 10 10
90 Ordinary A shares of £ 1.00 each 90 90
100 100

7. Related party transactions

Other related party transactions

2024 2023
£ £
Directors Loan Account 0 4,450

During the year the Company operated a loan account with the Directors. The Directors were advanced £2,307, of which £6757 was repaid. The balance at the end of the year was £0 (2023: £4,450). All amounts are repayable on demand and interest has been charged when appropriate.