GREENGATE MOTORS LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 28 FEBRUARY 2023 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2023 | 2022 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 4 | ||||
CURRENT ASSETS | |||||
Debtors | 5 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 6 | ||||
NET CURRENT LIABILITIES | ( |
( |
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NET LIABILITIES | (£ |
(£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | ( |
( |
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SHAREHOLDERS' FUNDS | (£ |
(£ |
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In approving these financial statements as director of the company I hereby confirm the following: | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
The notes on pages 2-6 form part of these financial statements | |
page 1 | |
GREENGATE MOTORS LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Registered office: | ||||
Prestwich Manchester M25 0DW |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 March 2022. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Borrowing costs | |||
1e. | Taxation | |||
Intangible assets | ||||
The notes on pages 2-6 form part of these financial statements | |
page 2 | |
GREENGATE MOTORS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1g. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1h. | Inventories | |||
1i. | Short term debtors and creditors | |||
1j. | Cash and cash equivalents | |||
1k. | Interest bearing borrowings | |||
1l. | Leased assets | |||
The notes on pages 2-6 form part of these financial statements | |
page 3 | |
GREENGATE MOTORS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1m. | Foreign currencies | |||
1n. | Employee benefits | |||
1o. | Discontinued operations | |||
1p. | Provisions | |||
1q. | Judgements and key sources of estimation uncertainty | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2023 | 2022 | ||
No. | No. | ||
Management and administration | |||
The notes on pages 2-6 form part of these financial statements | |
page 4 | |
GREENGATE MOTORS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
3. | INTANGIBLE FIXED ASSETS | ||
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 March 2022 | |||
At 28 February 2023 | |||
Amortisation | |||
At 1 March 2022 | |||
At 28 February 2023 | |||
Net Book Amounts | |||
At 28 February 2023 | |||
4. | PROPERTY, PLANT AND EQUIPMENT | |||
Plant & | Fixtures & | |||
Machinery | Equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 March 2022 | ||||
At 28 February 2023 | ||||
Depreciation | ||||
At 1 March 2022 | ||||
For the year | ||||
At 28 February 2023 | ||||
Net Book Amounts | ||||
At 28 February 2023 | ||||
At 28 February 2022 | ||||
The notes on pages 2-6 form part of these financial statements | |
page 5 | |
GREENGATE MOTORS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
5. | DEBTORS | 2023 | 2022 |
£ | £ | ||
Trade debtors | |||
Other debtors | |||
£ |
£ |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2023 | 2022 | ||
£ | £ | ||
Bank loans and overdrafts | 14,756 | 10,416 | |
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
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The notes on pages 2-6 form part of these financial statements | |
page 6 |