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Registered number: 11053338
Greywood Components Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr S M Willis
Company Number 11053338
Registered Office 8 Gateacre Drive
Redditch
Worcestershire
B96 6DW
Accountants Hayward Wright
4 Clews Road
Redditch
Worcestershire
B98 7ST
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Balance Sheet
Registered number: 11053338
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,037 939
3,037 939
CURRENT ASSETS
Debtors 5 2,501 167
Cash at bank 3,038 3,510
5,539 3,677
Creditors: Amounts Falling Due Within One Year 6 (5,648 ) (2,318 )
NET CURRENT ASSETS (LIABILITIES) (109 ) 1,359
TOTAL ASSETS LESS CURRENT LIABILITIES 2,928 2,298
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (578 ) (179 )
NET ASSETS 2,350 2,119
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 2,349 2,118
SHAREHOLDERS' FUNDS 2,350 2,119
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For the year ending 30 November 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 his 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
Mr S M Willis
Director
16 September 2026
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Greywood Components Ltd is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared 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. The financial statements have been prepared under the historical cost convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 25% on reducing balance
Plant and machinery etc 25% on reducing balance
2.4. 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.
2.5. 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 years 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 assets reflect 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 and deferred tax are recognised in the Statement of Income and Retained Earnings for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Plant and machinery etc Total
£ £ £
Cost
As at 1 December 2024 - 3,700 3,700
Additions 1,423 2,626 4,049
Disposals - (3,700 ) (3,700 )
As at 30 November 2025 1,423 2,626 4,049
Depreciation
As at 1 December 2024 - 2,761 2,761
Provided during the period 356 656 1,012
Disposals - (2,761 ) (2,761 )
As at 30 November 2025 356 656 1,012
Net Book Value
As at 30 November 2025 1,067 1,970 3,037
As at 1 December 2024 - 939 939
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,225 -
VAT 276 167
2,501 167
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Tax 5,390 2,318
Other taxes and social security 162 -
Director's loan account 96 -
5,648 2,318
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 578 179
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8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2024 179 179
Additions 399 399
Balance at 30 November 2025 578 578
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Willis by virtue of his ownership of 100% of the issued share capital in the company.
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