Greaves Financial Services Ltd

Greaves Financial Services Ltd
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Greaves Financial Services Ltd Accountants' Report For the year ended 31 March 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Greaves Financial Services Ltd for the year ended 31 March 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Greaves Financial Services Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Greaves Financial Services Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Greaves Financial Services Ltd and state those matters that we have agreed to state to the Board of Directors of Greaves Financial Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greaves Financial Services Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Greaves Financial Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Greaves Financial Services Ltd . You consider that Greaves Financial Services Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Greaves Financial Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts .................................................... J W Smith & Co Ltd - Scarborough Hopper Hill Road Scarborough Business Park Scarborough North Yorkshire YO11 3YS 31 August 2025 1

Greaves Financial Services Ltd
Accountants' Report
For the year ended 31 March 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Greaves Financial Services Ltd for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Greaves Financial Services Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Greaves Financial Services Ltd , as a body, in accordance with the terms of our engagement letter dated .

Our work has been undertaken solely to prepare for your approval the accounts of Greaves Financial Services Ltd and state those matters that we have agreed to state to the Board of Directors of Greaves Financial Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greaves Financial Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Greaves Financial Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Greaves Financial Services Ltd . You consider that Greaves Financial Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Greaves Financial Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts

....................................................
J W Smith & Co Ltd - Scarborough
Hopper Hill Road
Scarborough Business Park
Scarborough
North Yorkshire
YO11 3YS
31 August 2025

1

Registered Number: 07390414 Greaves Financial Services Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	116,182	176,182
Tangible fixed assets	4	91,860	127,285
		208,042	303,467
Current assets
Debtors		0	3,519
Cash at bank and in hand		223,042	207,600
		223,042	211,119
Creditors: amount falling due within one year		(46,823)	(39,780)
Net current assets		176,219	171,339

Total assets less current liabilities		384,261	474,806
Creditors: amount falling due after more than one year		(100,285)	(123,371)
Net assets		283,976	351,435

Capital and reserves
Called up share capital		100	100
Profit and loss account		283,876	351,335
Shareholders' funds		283,976	351,435

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 31 August 2025 and were signed on its behalf by:

-------------------------------
James Greaves
Director

2

Greaves Financial Services Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Greaves Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07390414, registration address Jws Hopper Hill Road , Scarborough Business Park, Scarborough, North Yorkshire, YO11 3YS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is evaluated on an annual basis and any diminution of value is accounted for in that year.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

25% Straight Line

2.	Average number of employees Average number of employees during the year was 8 (2024 : 8).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	826,182	826,182
Additions	-	-
Disposals	-	-
At 31 March 2025	826,182	826,182
Amortisation
At 01 April 2024	650,000	650,000
Charge for year	60,000	60,000
On disposals	-	-
At 31 March 2025	710,000	710,000
Net book values
At 31 March 2025	116,182	116,182
At 31 March 2024	176,182	176,182

4.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Total
	£	£
At 01 April 2024	141,700	141,700
Additions	-	-
Disposals	-	-
At 31 March 2025	141,700	141,700
Depreciation
At 01 April 2024	14,415	14,415
Charge for year	35,425	35,425
On disposals	-	-
At 31 March 2025	49,840	49,840
Net book values
Closing balance as at 31 March 2025	91,860	91,860
Opening balance as at 01 April 2024	127,285	127,285

3

Registered Number: 07390414
England and Wales
Abridged Accounts

for the year ended 31 March 2025
for
GREAVES FINANCIAL SERVICES LTD