REGISTERED NUMBER: 10477392 (England and Wales)

GREYSON WHITLEY LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C I Gove

D Rookwood

P Basran

Registered office:

7 Rothbury Road

Hackney Wick

London

E9 5HA

Registered number:

10477392 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

10,103

29,236

Current assets

Stocks

1,255,949

1,350,139

Debtors

5

1,068,989

394,968

Cash at bank and in hand

703,714

139,557

3,028,652

1,884,664

Creditors

Amounts falling due within one year

6

3,559,473

3,309,488

Net current liabilities

(530,821

)

(1,424,824

)

Total assets less current liabilities

(520,718

)

(1,395,588

)

Capital and reserves

Called up share capital

235

211

Share premium

8,202,905

5,649,876

Retained earnings

(8,723,858

)

(7,045,675

)

Shareholders' funds

(520,718

)

(1,395,588

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

C I Gove - Director

1.	Statutory information

Greyson Whitley Limited 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.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Post year end the company successfully raised new equity funding and extended its debt facilities to support further growth. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents amounts receivable for goods and services provided in the period and is stated net of VAT.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 year was 27 (2023 - 31 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

11,500

17,693

51,341

80,534

Additions

-

-

249

249

At 31 December 2024

11,500

17,693

51,590

80,783

Depreciation

At 1 January 2024

6,949

10,745

33,604

51,298

Charge for year

2,873

4,126

12,383

19,382

At 31 December 2024

9,822

14,871

45,987

70,680

Net book value

At 31 December 2024

1,678

2,822

5,603

10,103

At 31 December 2023

4,551

6,948

17,737

29,236

5.

Debtors: amounts falling due within one year

2024

2023

as restated

£

£

Trade debtors

323,489

110,956

Other debtors

745,500

284,012

1,068,989

394,968

6.

Creditors: amounts falling due within one year

2024

2023

as restated

£

£

Trade creditors

1,622,804

1,673,263

Taxation and social security

1,339,228

572,542

Other creditors

597,441

1,063,683

3,559,473

3,309,488