Grey and Green Limited - Filleted accounts

Registered number

04096233

Grey and Green Limited

Unaudited Filleted Accounts

31 March 2025

Grey and Green Limited
Registered number:		04096233
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			22,015
Tangible assets	4		2,851			4,541
			2,851			26,556

Current assets
Debtors	5	166,119			169,281
Cash at bank and in hand		5,369			9,180
		171,488			178,461

Creditors: amounts falling due within one year	6	(89,441)			(119,202)

Net current assets			82,047			59,259

Total assets less current liabilities			84,898			85,815

Creditors: amounts falling due after more than one year	7		(3,305)			(13,467)



Net assets			81,593			72,348

Capital and reserves
Called up share capital			2			2
Profit and loss account			81,591			72,346

Shareholders' funds			81,593			72,348

The director is 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 director acknowledges his 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.




C Sellars
Director
Approved by the board on 15 December 2025

Grey and Green Limited
Notes to the Accounts
for the year ended 31 March 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 (as applied to small entities by section 1A of the standard).

	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:

	Fixtures, fittings, tools and equipment	20% 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		4


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					220,133
	At 31 March 2025					220,133

	Amortisation
	At 1 April 2024					198,118
	Provided during the year					22,015
	At 31 March 2025					220,133

	Net book value
	At 31 March 2025					-
	At 31 March 2024					22,015

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	12,407		5,299		17,706
	Disposals	-		(5,299)		(5,299)
	At 31 March 2025	12,407		-		12,407

	Depreciation
	At 1 April 2024	8,843		4,322		13,165
	Charge for the year	713		-		713
	On disposals	-		(4,322)		(4,322)
	At 31 March 2025	9,556		-		9,556

	Net book value
	At 31 March 2025	2,851		-		2,851
	At 31 March 2024	3,564		977		4,541


5	Debtors			2025		2024
£					£

	Trade debtors			31,249		32,153
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			38,909		38,933
	Other debtors			84,748		84,707
	Prepayments			6,283		6,873
	Directors loan account			4,930		6,615
				166,119		169,281


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,648		10,648
	Trade creditors			10,230		11,910
	Taxation and social security costs			15,880		37,932
	Vat			32,055		38,084
	Accruals			20,226		20,226
	Pension			402		402
				89,441		119,202

	Included within bank loans and overdrafts is a COVID bounce bank loan of £10,648,100% guaranteed by the government.

7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			3,305		13,467

	Included within bank loans is a COVID bounce back loan of £13,953 (2023:£24,115),100% guaranteed by the government.



8	Controlling party
	The company is a subsidiary of MS Holdco Limited (formerly known as Mackenzie Spencer Ltd) a company incorporated in England and Wales and is controlled by the virtue of its shareholding and voting rights.


9	Other information

	Grey and Green Limited is a private company limited by shares and incorporated in England. Its registered office is:
	268 Bath Road
	Slough
	SL1 4DX