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REGISTERED NUMBER: 01643740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GREENWOOD & FORD LIMITED

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWOOD & FORD LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: P C Greenwood
P C Ford





SECRETARY: P C Greenwood





REGISTERED OFFICE: Plot 1 Low Road
Everthorpe
Brough
North Humberside
HU15 2AD





REGISTERED NUMBER: 01643740 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
50-52 Aire Street
Goole
DN14 5QE

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,282 30,130

CURRENT ASSETS
Stocks 392,382 301,623
Debtors 5 81,438 17,442
Cash at bank 226,034 366,453
699,854 685,518
CREDITORS
Amounts falling due within one year 6 263,451 307,207
NET CURRENT ASSETS 436,403 378,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,685

408,441

PROVISIONS FOR LIABILITIES 4,044 7,533
NET ASSETS 453,641 400,908

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 453,541 400,808
SHAREHOLDERS' FUNDS 453,641 400,908

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

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

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

BALANCE SHEET - continued
31 August 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 8 April 2024 and were signed on its behalf by:





P C Greenwood - Director


GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Greenwood & Ford Ltd is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at Plot 1, Low Road, Everthorpe, Brough, HU15 2AD.

The principal activity of the company is that of the construction of domestic buildings.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 53,301
DEPRECIATION
At 1 September 2022 23,171
Charge for year 8,848
At 31 August 2023 32,019
NET BOOK VALUE
At 31 August 2023 21,282
At 31 August 2022 30,130

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,661 13,861
Other debtors 23,777 3,581
81,438 17,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 124,956 115,477
Taxation and social security 22,420 38,415
Other creditors 116,075 153,315
263,451 307,207