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REGISTERED NUMBER: 07182699















A J Greenwood Limited

Financial Statements for the Year Ended 31st March 2023






A J Greenwood Limited (Registered number: 07182699)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J Greenwood Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Dr A J Greenwood
Dr M T Lwin





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 07182699





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

A J Greenwood Limited (Registered number: 07182699)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 550 1,100
Tangible assets 5 21,855 28,197
22,405 29,297

CURRENT ASSETS
Debtors 6 234,834 45,984
Cash at bank 2,275,664 2,065,380
2,510,498 2,111,364
CREDITORS
Amounts falling due within one year 7 (142,875 ) (196,882 )
NET CURRENT ASSETS 2,367,623 1,914,482
TOTAL ASSETS LESS CURRENT LIABILITIES 2,390,028 1,943,779

CREDITORS
Amounts falling due after more than one
year

8

(12,502

)

(16,561

)
NET ASSETS 2,377,526 1,927,218

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,377,426 1,927,118
SHAREHOLDERS' FUNDS 2,377,526 1,927,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

A J Greenwood Limited (Registered number: 07182699)

Balance Sheet - continued
31st March 2023


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 12th October 2023 and were signed on its behalf by:





Dr A J Greenwood - Director


A J Greenwood Limited (Registered number: 07182699)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATEMENT OF COMPLIANCE

A J Greenwood Limited is a company limited by shares and is incorporated in England, registration number 07182699. The registered office is 2 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "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.

Turnover
Turnover represents income from services relating to ophthalmic consulting.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Patents & licences
Patents and licences are written off in the year of acquisition.

Computer software
Computer software is amortised on a straight line basis over 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


A J Greenwood Limited (Registered number: 07182699)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hire purchase payments paid under operating leases are charged to profit and loss on a straight line basis over the period of the hire purchase agreement.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial assets and liabilities, including trade receivables and payables, and cash and bank balances are initially recognised at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

A J Greenwood Limited (Registered number: 07182699)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 40,000 17,261 57,261
AMORTISATION
At 1st April 2022 40,000 16,161 56,161
Charge for year - 550 550
At 31st March 2023 40,000 16,711 56,711
NET BOOK VALUE
At 31st March 2023 - 550 550
At 31st March 2022 - 1,100 1,100

5. TANGIBLE FIXED ASSETS
Office Motor Computer
Equipment equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 30,719 1,026 30,369 3,654 65,768
Additions - 395 - 539 934
At 31st March 2023 30,719 1,421 30,369 4,193 66,702
DEPRECIATION
At 1st April 2022 30,719 1,026 2,531 3,295 37,571
Charge for year - 50 6,959 267 7,276
At 31st March 2023 30,719 1,076 9,490 3,562 44,847
NET BOOK VALUE
At 31st March 2023 - 345 20,879 631 21,855
At 31st March 2022 - - 27,838 359 28,197

The net book value of tangible fixed assets includes £ 20,151 (2022 - £ 27,110 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,089 44,459
Other debtors 176,745 1,525
234,834 45,984

A J Greenwood Limited (Registered number: 07182699)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 4,059 4,059
Trade creditors 654 1,832
Tax 125,727 108,013
Social security and other taxes 1,170 -
Other creditors 230 209
Directors' current accounts 6,720 79,523
Accruals and deferred income 4,315 3,246
142,875 196,882

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 12,502 16,561

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 4,059 4,059
Between one and five years 12,502 16,561
16,561 20,620

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1st April 2022 1,927,118
Profit for the year 528,808
Dividends (78,500 )
At 31st March 2023 2,377,426