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REGISTERED NUMBER: 04293807 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

John Sutton Greenacres Limited

John Sutton Greenacres Limited (Registered number: 04293807)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

John Sutton Greenacres Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J A Sutton
Mrs A D Sutton





SECRETARY: Mrs A D Sutton





REGISTERED OFFICE: Lawton Grange
Shenstone
Nr Lichfield
Staffordshire
WS14 0QH





REGISTERED NUMBER: 04293807 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

John Sutton Greenacres Limited (Registered number: 04293807)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 215,352 225,433

CURRENT ASSETS
Stocks 30,896 31,912
Cash at bank 4,925 263
35,821 32,175
CREDITORS
Amounts falling due within one year 5 (95,069 ) (87,822 )
NET CURRENT LIABILITIES (59,248 ) (55,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,104

169,786

CREDITORS
Amounts falling due after more than one
year

6

(107,103

)

(133,028

)
NET ASSETS 49,001 36,758

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 48,999 36,756
SHAREHOLDERS' FUNDS 49,001 36,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

John Sutton Greenacres Limited (Registered number: 04293807)

Balance Sheet - continued
31 December 2021


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2022 and were signed on its behalf by:





J A Sutton - Director


John Sutton Greenacres Limited (Registered number: 04293807)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

John Sutton Greenacres 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.

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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 2 ) .

John Sutton Greenacres Limited (Registered number: 04293807)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021
and 31 December 2021 177,717 97,334 3,004 31,876 309,931
DEPRECIATION
At 1 January 2021 - 79,047 2,795 2,656 84,498
Charge for year - 2,745 31 7,305 10,081
At 31 December 2021 - 81,792 2,826 9,961 94,579
NET BOOK VALUE
At 31 December 2021 177,717 15,542 178 21,915 215,352
At 31 December 2020 177,717 18,287 209 29,220 225,433

Included in cost of land and buildings is freehold land of £ 177,717 (2020 - £ 177,717 ) which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 25,236 20,199
Hire purchase contracts 3,995 3,995
Directors' current accounts 64,433 62,266
Accrued expenses 1,405 1,362
95,069 87,822

The bank loans and overdraft are secured by a fixed and floating charge over all the current and future assets of the company.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-2 years 25,236 24,455
Bank loans - 2-5 years 65,354 74,475
Bank loans more 5 yr by instal - 13,591
Hire purchase contracts 16,513 20,507
107,103 133,028

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,591

The bank loans and overdraft are secured by a fixed and floating charge over all the current and future assets of the company.

John Sutton Greenacres Limited (Registered number: 04293807)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 January 2021 36,756
Profit for the year 16,243
Dividends (4,000 )
At 31 December 2021 48,999

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
John Sutton Greenacres Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Sutton Greenacres Limited for the year ended 31 December 2021 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of John Sutton Greenacres Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Sutton Greenacres Limited and state those matters that we have agreed to state to the Board of Directors of John Sutton Greenacres Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Sutton Greenacres Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Sutton Greenacres Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Sutton Greenacres Limited. You consider that John Sutton Greenacres Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Sutton Greenacres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


22 July 2022