Greyscale Consultants Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10342789 (England and Wales)

Financial Statements

for the Year Ended 30 September 2019

for

Greyscale Consultants Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E J Morrison

Ms M L Gibson

SECRETARY:

REGISTERED OFFICE:

Danesfield Grange

Hunton

Bedale

North Yorkshire

DL8 1LX

REGISTERED NUMBER:

10342789 (England and Wales)

ACCOUNTANTS:

Teesdale Consultants

15 Northumberland Street

Darlington

Co. Durham

DL3 7HJ

SOLICITORS:

Womble Bond Dickinson

St. Ann's Wharf

112 Quayside

Newcastle upon Tyne

NE1 3DX

FIXED ASSETS

Tangible assets

4

1,046

1,503

CURRENT ASSETS

Stocks

2,965

-

Debtors

5

1,600

9,032

Cash at bank

159

8,579

4,724

17,611

CREDITORS

Amounts falling due within one year

6

(20,133

)

(18,398

)

NET CURRENT LIABILITIES

(15,409

)

(787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,363

)

716

CAPITAL AND RESERVES

Called up share capital

7

20

20

Retained earnings

8

(14,383

)

696

SHAREHOLDERS' FUNDS

(14,363

)

716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 4 May 2020 and were signed on its behalf by:

E J Morrison - Director

1.	STATUTORY INFORMATION

Greyscale Consultants 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on cost and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

and 30 September 2019

2,156

DEPRECIATION

At 1 October 2018

653

Charge for year

457

At 30 September 2019

1,110

NET BOOK VALUE

At 30 September 2019

1,046

At 30 September 2018

1,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

1,600

8,832

Other debtors

-

200

1,600

9,032

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

2,797

3,216

Other creditors

17,336

15,182

20,133

18,398

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

20

Ordinary shares

£1

20

20

8.

RESERVES

Retained

earnings

£

At 1 October 2018

696

Deficit for the year

(15,079

)

At 30 September 2019

(14,383

)