REGISTERED NUMBER: 10066503 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2024 TO 28 MARCH 2025

FOR

THE GREYHOUND HAYNES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs C A Burke

REGISTERED OFFICE:

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

REGISTERED NUMBER:

10066503 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Tangible assets

4

21,424

25,026

CURRENT ASSETS

Stocks

5

10,250

10,250

Debtors

6

50,800

20,774

Cash at bank and in hand

5,074

8,122

66,124

39,146

CREDITORS

Amounts falling due within one year

7

276,518

132,583

NET CURRENT LIABILITIES

(210,394

)

(93,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(188,970

)

(68,411

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(189,070

)

(68,511

)

SHAREHOLDERS' FUNDS

(188,970

)

(68,411

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mrs C A Burke - Director

1.	STATUTORY INFORMATION

The Greyhound Haynes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, the shareholders and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer. Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes derived from ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 March 2024

114,739

8,022

122,761

Additions

3,508

249

3,757

Disposals

-

(6,024

)

(6,024

)

At 28 March 2025

118,247

2,247

120,494

DEPRECIATION

At 31 March 2024

90,894

6,841

97,735

Charge for period

6,686

673

7,359

Eliminated on disposal

-

(6,024

)

(6,024

)

At 28 March 2025

97,580

1,490

99,070

NET BOOK VALUE

At 28 March 2025

20,667

757

21,424

At 30 March 2024

23,845

1,181

25,026

5.

STOCKS

28.3.25

30.3.24

£

£

Stocks

10,250

10,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.3.25

30.3.24

£

£

Deferred tax asset

50,800

20,774

Deferred tax asset

28.3.25

30.3.24

£

£

Accelerated capital allowances

(4,070

)

(4,755

)

Tax losses carried forward

54,870

25,529

50,800

20,774

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.3.25

30.3.24

£

£

Trade creditors

40,192

6,922

Amounts owed to group undertakings

136,542

27,152

Social security and other taxes

17,456

12,738

Value added tax

17,816

17,932

Other creditors

1,853

94

Directors' current accounts

61,259

66,193

Accruals

1,400

1,552

276,518

132,583

8.	DEFERRED TAX

£

Balance at 31 March 2024

(20,774

)

Provided during period

(30,026

)

Balance at 28 March 2025

(50,800

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.3.25

30.3.24

value:

£

£

100

Ordinary

£1

100

100