IRIS Accounts Production v23.2.0.158 02997135 Board of Directors 1.6.21 29.5.22 29.5.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029971352021-05-31029971352022-05-29029971352021-06-012022-05-29029971352020-05-31029971352020-06-012021-05-31029971352021-05-3102997135ns16:EnglandWales2021-06-012022-05-2902997135ns15:PoundSterling2021-06-012022-05-2902997135ns11:Director12021-06-012022-05-2902997135ns11:PrivateLimitedCompanyLtd2021-06-012022-05-2902997135ns11:SmallEntities2021-06-012022-05-2902997135ns11:AuditExempt-NoAccountantsReport2021-06-012022-05-2902997135ns11:SmallCompaniesRegimeForDirectorsReport2021-06-012022-05-2902997135ns11:SmallCompaniesRegimeForAccounts2021-06-012022-05-2902997135ns11:FullAccounts2021-06-012022-05-2902997135ns11:Director22021-06-012022-05-2902997135ns11:CompanySecretary12021-06-012022-05-2902997135ns11:RegisteredOffice2021-06-012022-05-2902997135ns6:CurrentFinancialInstruments2022-05-2902997135ns6:CurrentFinancialInstruments2021-05-3102997135ns6:Non-currentFinancialInstruments2022-05-2902997135ns6:Non-currentFinancialInstruments2021-05-3102997135ns6:ShareCapital2022-05-2902997135ns6:ShareCapital2021-05-3102997135ns6:RetainedEarningsAccumulatedLosses2022-05-2902997135ns6:RetainedEarningsAccumulatedLosses2021-05-3102997135ns6:FurnitureFittings2021-06-012022-05-2902997135ns6:MotorVehicles2021-06-012022-05-2902997135ns6:ComputerEquipment2021-06-012022-05-2902997135ns6:FurnitureFittings2021-05-3102997135ns6:MotorVehicles2021-05-3102997135ns6:ComputerEquipment2021-05-3102997135ns6:FurnitureFittings2022-05-2902997135ns6:MotorVehicles2022-05-2902997135ns6:ComputerEquipment2022-05-2902997135ns6:FurnitureFittings2021-05-3102997135ns6:MotorVehicles2021-05-3102997135ns6:ComputerEquipment2021-05-3102997135ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-2902997135ns6:WithinOneYearns6:CurrentFinancialInstruments2021-05-31
REGISTERED NUMBER: 02997135 (England and Wales)



















GREENFELDS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2021 TO 29 MAY 2022






GREENFELDS LIMITED (REGISTERED NUMBER: 02997135)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2021 TO 29 MAY 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GREENFELDS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2021 TO 29 MAY 2022







DIRECTORS: Mr J S Greenfeld
Mrs D Greenfeld





SECRETARY: Mrs D Greenfeld





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 02997135 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

GREENFELDS LIMITED (REGISTERED NUMBER: 02997135)

BALANCE SHEET
29 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,846 12,352

CURRENT ASSETS
Stocks 6 25,700 31,500
Debtors 7 21,569 23,317
Cash at bank and in hand 31,605 50,739
78,874 105,556
CREDITORS
Amounts falling due within one year 8 287,591 264,349
NET CURRENT LIABILITIES (208,717 ) (158,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(198,871

)

(146,441

)

CREDITORS
Amounts falling due after more than one
year

9

41,667

50,000
NET LIABILITIES (240,538 ) (196,441 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (240,540 ) (196,443 )
(240,538 ) (196,441 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 May 2022 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.

GREENFELDS LIMITED (REGISTERED NUMBER: 02997135)

BALANCE SHEET - continued
29 MAY 2022


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 6 November 2023 and were signed on its behalf by:





Mr J S Greenfeld - Director


GREENFELDS LIMITED (REGISTERED NUMBER: 02997135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2021 TO 29 MAY 2022

1. STATUTORY INFORMATION

Greenfelds 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

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 period 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.

GREENFELDS LIMITED (REGISTERED NUMBER: 02997135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2021 TO 29 MAY 2022

3. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The directors consider this to be appropriate having regard to the continued provision of financial support by the company's directors and creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2021
and 29 May 2022 127,614 9,093 180,250 316,957
DEPRECIATION
At 1 June 2021 119,011 8,381 177,213 304,605
Charge for period 1,721 178 607 2,506
At 29 May 2022 120,732 8,559 177,820 307,111
NET BOOK VALUE
At 29 May 2022 6,882 534 2,430 9,846
At 31 May 2021 8,603 712 3,037 12,352

6. STOCKS
2022 2021
£    £   
Stocks 25,700 31,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,191 17,731
Other debtors 14,378 5,586
21,569 23,317

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 118
Trade creditors 53,416 36,609
Other creditors 234,175 227,622
287,591 264,349

GREENFELDS LIMITED (REGISTERED NUMBER: 02997135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2021 TO 29 MAY 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 41,667 50,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

41,667

50,000