Registered number
08508402
Little Greenwood Ltd
Filleted Accounts
30 April 2023
Little Greenwood Ltd
Registered number: 08508402
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 899
Investments 4 400,000 -
400,000 899
Current assets
Debtors 5 14,500 14,500
Cash at bank and in hand 291,319 580,332
305,819 594,832
Creditors: amounts falling due within one year 6 (68,135) (63,877)
Net current assets 237,684 530,955
Total assets less current liabilities 637,684 531,854
Creditors: amounts falling due after more than one year 7 (35,500) (35,500)
Net assets 602,184 496,354
Capital and reserves
Called up share capital 2 2
Profit and loss account 602,182 496,352
Shareholders' funds 602,184 496,354
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. R. M. Little, Esq.
Director
Approved by the board on 29 January 2024
Little Greenwood Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract, which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 3 years on a straight-line basis.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 4,276
At 30 April 2023 4,276
Depreciation
At 1 May 2022 3,377
Charge for the year 899
At 30 April 2023 4,276
Net book value
At 30 April 2023 -
At 30 April 2022 899
4 Investments
Other
investments
£
Cost
Additions 400,000
At 30 April 2023 400,000
5 Debtors 2023 2022
£ £
Trade debtors 14,500 14,500
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 29,486 59,964
Other creditors 38,649 3,913
68,135 63,877
7 Creditors: amounts falling due after one year 2023 2022
£ £
Directors' loans 35,500 35,500
Included in creditors is £72,103 (2022: £37,337) owing to the directors, of which £35,500 (2022: £35,500 ) is a long-term loan from the director. . The loan is interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits.
8 Related party transactions
The company rents offices owned by the director, Mrs J Little. Rent paid in the year was £30,000 (2022: £30,000).
9 Controlling party
The company is controlled by the directors who own the shares of the company equally.
10 Other information
Little Greenwood Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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