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Registered number: 02651919
GREYHOUND BOX LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
QUALITY BUSINESS SERVICES (YORKSHIRE) LIMITED
Association of Accounting Technicians
20 HIGH STREET
QUEENSBURY
BRADFORD
WEST YORKSHIRE
BD13 2PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02651919
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,488 120,173
95,488 120,173
CURRENT ASSETS
Stocks 5 89,579 77,078
Debtors 6 1,549,652 1,632,436
Cash at bank and in hand 57,006 120,195
1,696,237 1,829,709
Creditors: Amounts Falling Due Within One Year 7 (788,325 ) (663,953 )
NET CURRENT ASSETS (LIABILITIES) 907,912 1,165,756
TOTAL ASSETS LESS CURRENT LIABILITIES 1,003,400 1,285,929
Creditors: Amounts Falling Due After More Than One Year 8 (65,000 ) (151,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,143 ) (22,833 )
NET ASSETS 920,257 1,111,429
CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 1 1
Profit and Loss Account 920,156 1,111,328
SHAREHOLDERS' FUNDS 920,257 1,111,429
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs LOUISE O'BRIEN
Director
1 December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Greyhound Box Limited, Registered number 02651919 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 1, Beza Road, Hunslet, Leeds, West Yorkshire, LS10 2BR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 3
Sales, marketing and distribution 3 3
Manufacturing 11 11
16 17
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 926,584 265,784 1,192,368
Additions - 1,256 1,256
As at 31 March 2025 926,584 267,040 1,193,624
Depreciation
As at 1 April 2024 849,554 222,641 1,072,195
Provided during the period 19,258 6,683 25,941
As at 31 March 2025 868,812 229,324 1,098,136
Net Book Value
As at 31 March 2025 57,772 37,716 95,488
As at 1 April 2024 77,030 43,143 120,173
5. Stocks
2025 2024
£ £
Stock and work in progress 89,579 77,078
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 520,595 667,236
Amounts owed by participating interests 861,829 861,829
Other debtors 167,228 103,371
1,549,652 1,632,436
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 544,183 572,003
Bank loans and overdrafts 60,000 33,333
Other creditors 147,363 6,094
Taxation and social security 36,779 52,523
788,325 663,953
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 65,000 151,667
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 50,000 60,000
11. Ultimate Controlling Party
The Company's ultimate controlling party is Mrs Louise O'Brien by virtue of her ownership of GBP Holdings Ltd.
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