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REGISTERED NUMBER: 01844711 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

J H Greenwood Limited

J H Greenwood Limited (Registered number: 01844711)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J H Greenwood Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J H Greenwood





SECRETARY: Mrs A L Patrick





REGISTERED OFFICE: Abbeyfield Road
Lenton Industrial Estate
Nottingham
NG7 2SZ





REGISTERED NUMBER: 01844711 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Chartered Accountants
Hine House
25 Regent Street
Nottingham
NG1 5BS

J H Greenwood Limited (Registered number: 01844711)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,999,779 2,985,213
Investments 5 418,374 2
3,418,153 2,985,215

CURRENT ASSETS
Debtors 6 6,649,673 3,906,140
Cash at bank 402,472 1,911,274
7,052,145 5,817,414
CREDITORS
Amounts falling due within one year 7 2,902,297 2,946,267
NET CURRENT ASSETS 4,149,848 2,871,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,568,001

5,856,362

CREDITORS
Amounts falling due after more than
one year

8

(2,476,128

)

(1,359,469

)

PROVISIONS FOR LIABILITIES (30,233 ) (21,047 )
NET ASSETS 5,061,640 4,475,846

J H Greenwood Limited (Registered number: 01844711)

Balance Sheet - continued
28 February 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 5,051,640 4,465,846
SHAREHOLDERS' FUNDS 5,061,640 4,475,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 November 2023 and were signed by:





J H Greenwood - Director


J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

J H Greenwood 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. 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 as modified by the revaluation of certain assets.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 2,874,441 171,664 3,046,105
Additions - 124,600 124,600
Disposals - (79,760 ) (79,760 )
At 28 February 2023 2,874,441 216,504 3,090,945
DEPRECIATION
At 1 March 2022 - 60,892 60,892
Charge for year - 50,214 50,214
Eliminated on disposal - (19,940 ) (19,940 )
At 28 February 2023 - 91,166 91,166
NET BOOK VALUE
At 28 February 2023 2,874,441 125,338 2,999,779
At 28 February 2022 2,874,441 110,772 2,985,213

All freehold and leasehold property is held for investment and is included in these accounts at its open market value as determined by the director, J H Greenwood, as at the balance sheet date.

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 2 - 2
Additions - 391,780 391,780
Revaluations - 26,592 26,592
At 28 February 2023 2 418,372 418,374
NET BOOK VALUE
At 28 February 2023 2 418,372 418,374
At 28 February 2022 2 - 2

J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28 February 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 26,592 26,592
Cost 2 391,780 391,782
2 418,372 418,374

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 100,341 1,365,305
Other debtors 5,974,332 1,965,835
6,074,673 3,331,140

Amounts falling due after more than one year:
Amounts owed by group undertakings 575,000 575,000

Aggregate amounts 6,649,673 3,906,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,320 20,240
Taxation and social security 163,699 205,718
Other creditors 2,707,278 2,720,309
2,902,297 2,946,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 2,476,128 1,359,469

J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £1,161,404 (2022 £1,834,523) due to a company which is under common control by the director. This loan is provided on an interest free basis and is repayable upon demand.

Included in long term creditors is an amount of £2,476,128 (2022 £1,359,469) owed to the director. The director is not currently charging interest on this loan but reserves the right to do so in the future.