Green Welly Gardening Services Ltd 11810115 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is the provision of gardening services. Digita Accounts Production Advanced 6.30.9574.0 true true 11810115 2022-03-01 2023-02-28 11810115 2023-02-28 11810115 bus:OrdinaryShareClass1 2023-02-28 11810115 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-02-28 11810115 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-02-28 11810115 core:CurrentFinancialInstruments 2023-02-28 11810115 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11810115 core:Non-currentFinancialInstruments 2023-02-28 11810115 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 11810115 core:MotorVehicles 2023-02-28 11810115 core:OtherPropertyPlantEquipment 2023-02-28 11810115 bus:SmallEntities 2022-03-01 2023-02-28 11810115 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11810115 bus:FullAccounts 2022-03-01 2023-02-28 11810115 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11810115 bus:RegisteredOffice 2022-03-01 2023-02-28 11810115 bus:Director1 2022-03-01 2023-02-28 11810115 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11810115 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11810115 core:MotorCars 2022-03-01 2023-02-28 11810115 core:MotorVehicles 2022-03-01 2023-02-28 11810115 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 11810115 core:PlantMachinery 2022-03-01 2023-02-28 11810115 countries:AllCountries 2022-03-01 2023-02-28 11810115 2022-02-28 11810115 core:MotorVehicles 2022-02-28 11810115 core:OtherPropertyPlantEquipment 2022-02-28 11810115 2021-03-01 2022-02-28 11810115 2022-02-28 11810115 bus:OrdinaryShareClass1 2022-02-28 11810115 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-02-28 11810115 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-02-28 11810115 core:CurrentFinancialInstruments 2022-02-28 11810115 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 11810115 core:Non-currentFinancialInstruments 2022-02-28 11810115 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 11810115 core:MotorVehicles 2022-02-28 11810115 core:OtherPropertyPlantEquipment 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11810115

Green Welly Gardening Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Green Welly Gardening Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Green Welly Gardening Services Ltd

Company Information

Director

Christofer Howe

Registered office

19 Trelissick Road
Falmouth
TR11 2JU

Accountants

Julia Evans Accountants Ltd
Waterside House
Falmouth Road
Penryn
Cornwall
TR10 8BE

 

Green Welly Gardening Services Ltd

(Registration number: 11810115)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

4,293

4,648

Current assets

 

Debtors

5

3,613

3,593

Cash at bank and in hand

 

5,191

15,319

 

8,804

18,912

Creditors: Amounts falling due within one year

6

(9,775)

(22,305)

Net current liabilities

 

(971)

(3,393)

Total assets less current liabilities

 

3,322

1,255

Creditors: Amounts falling due after more than one year

6

(397)

(82)

Provisions for liabilities

(816)

(883)

Net assets

 

2,109

290

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

2,009

190

Shareholders' funds

 

2,109

290

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2023
 

.........................................
Christofer Howe
Director

 

Green Welly Gardening Services Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
19 Trelissick Road
Falmouth
TR11 2JU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

 

Green Welly Gardening Services Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Green Welly Gardening Services Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

 

Green Welly Gardening Services Ltd

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

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

3,500

3,475

6,975

Additions

1,750

3,251

5,001

Disposals

(4,650)

-

(4,650)

At 28 February 2023

600

6,726

7,326

Depreciation

At 1 March 2022

1,079

1,248

2,327

Charge for the year

61

1,370

1,431

Eliminated on disposal

(725)

-

(725)

At 28 February 2023

415

2,618

3,033

Carrying amount

At 28 February 2023

185

4,108

4,293

At 28 February 2022

2,421

2,227

4,648

5

Debtors

Current

2023
£

2022
£

Trade debtors

3,099

3,257

Prepayments

514

336

 

3,613

3,593

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

983

905

Trade creditors

 

251

1,061

Taxation and social security

 

2,903

3,744

Accruals and deferred income

 

2,549

2,372

Other creditors

 

3,089

14,223

 

9,775

22,305

 

Green Welly Gardening Services Ltd

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

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

397

82

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

82

Other borrowings

397

-

397

82

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

-

905

Other borrowings

983

-

983

905