REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2022 |
for |
GREENS OF HADDINGTON LTD. |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2022 |
for |
GREENS OF HADDINGTON LTD. |
GREENS OF HADDINGTON LTD. (REGISTERED NUMBER: SC280636) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
GREENS OF HADDINGTON LTD. (REGISTERED NUMBER: SC280636) |
Balance Sheet |
31 March 2022 |
2022 | 2021 |
Notes | £ | £ |
Current assets |
Work in progress |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 6 |
Retained earnings |
Shareholders' funds |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GREENS OF HADDINGTON LTD. (REGISTERED NUMBER: SC280636) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | Statutory information |
Greens Of Haddington Ltd. is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover derived from fees issued for advising on occupational safety, health advisors and training is recognised when the service is delivered. Rental income is recognised by reference to the time the tenants occupied the property. |
Work in progress |
Work in progress has been valued at the lower of cost and estimated selling price less costs to sell where the cost includes a relevant proportion of overheads according to the stage of completion. |
Taxation |
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred taxation represents the future taxation consequences of transactions and events recognised in the |
financial statements of current and previous periods. It is recognised in respect of all timing differences, with |
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits. |
Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
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 money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year. |
GREENS OF HADDINGTON LTD. (REGISTERED NUMBER: SC280636) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
2. | Accounting policies - continued |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Bank and cash |
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
Corporation tax |
5. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
7. | Other financial commitments |
At 31 March 2022 the company had total operating commitments under a non-cancellable lease of £13,658 (2021 - £10,317). |