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REGISTERED NUMBER: 05757781 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Greenstone Design Limited

Greenstone Design Limited (Registered number: 05757781)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenstone Design Limited

Company Information
for the Year Ended 31st July 2023







DIRECTOR: Mrs M A Gaffaney





SECRETARY: Mrs M A Gaffaney





REGISTERED OFFICE: Landing Farm
Lock Lane
Land of Nod
Holme upon Spalding Moor
YO43 4EA





REGISTERED NUMBER: 05757781 (England and Wales)

Greenstone Design Limited (Registered number: 05757781)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,110 2,434

CURRENT ASSETS
Stocks 25,555 10,500
Debtors 5 39,987 25,701
Cash at bank 7,772 7,515
73,314 43,716
CREDITORS
Amounts falling due within one year 6 77,474 58,621
NET CURRENT LIABILITIES (4,160 ) (14,905 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,050

)

(12,471

)

CREDITORS
Amounts falling due after more than one
year

7

20,010

18,000
NET LIABILITIES (23,060 ) (30,471 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (23,160 ) (30,571 )
SHAREHOLDERS' FUNDS (23,060 ) (30,471 )

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Greenstone Design Limited (Registered number: 05757781)

Balance Sheet - continued
31st July 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 director and authorised for issue on 14th March 2024 and were signed by:





Mrs M A Gaffaney - Director


Greenstone Design Limited (Registered number: 05757781)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Greenstone Design 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.

The presentation currency of the financial statements is the 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.

The financial statements have been prepared on a going concern basis despite the company having net liabilities.

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 each asset over its estimated useful life.
Computer equipment - 33.3% Straight Line Basis

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.


Greenstone Design Limited (Registered number: 05757781)

Notes to the Financial Statements - continued
for the Year Ended 31st July 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 10,229
DEPRECIATION
At 1st August 2022 7,795
Charge for year 1,324
At 31st July 2023 9,119
NET BOOK VALUE
At 31st July 2023 1,110
At 31st July 2022 2,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 20,372 3,339
Other debtors 19,615 22,362
39,987 25,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 448 1,165
Taxation and social security 6,588 7,287
Other creditors 64,438 44,169
77,474 58,621

Greenstone Design Limited (Registered number: 05757781)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 12,000 18,000
Other creditors 8,010 -
20,010 18,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M A Gaffaney.