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REGISTERED NUMBER: 04600897 (England and Wales)


















A & S Greenway Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






A & S Greenway Limited (Registered number: 04600897)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & S Greenway Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr B M Hyman
Mr J D Hyman
Mr A Hyman
Mrs S Hyman





SECRETARY: Mr A Hyman





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB





BUSINESS ADDRESS: Heston House
Meadow Lane
Nottingham
NG2 3HE





REGISTERED NUMBER: 04600897 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

A & S Greenway Limited (Registered number: 04600897)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 14,354 17,604
Tangible assets 6 277,087 217,187
291,441 234,791

CURRENT ASSETS
Stocks 32,222 47,222
Debtors 7 291,217 280,543
Cash at bank and in hand 104,216 163,297
427,655 491,062
CREDITORS
Amounts falling due within one year 8 377,972 466,312
NET CURRENT ASSETS 49,683 24,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,124

259,541

CREDITORS
Amounts falling due after more than one
year

9

(124,660

)

(122,060

)

PROVISIONS FOR LIABILITIES (51,618 ) (39,273 )
NET ASSETS 164,846 98,208

CAPITAL AND RESERVES
Called up share capital 12 20 20
Retained earnings 164,826 98,188
SHAREHOLDERS' FUNDS 164,846 98,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

A & S Greenway Limited (Registered number: 04600897)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





Mr J D Hyman - Director


A & S Greenway Limited (Registered number: 04600897)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

A & S Greenway 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


A & S Greenway Limited (Registered number: 04600897)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 33 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 65,000
AMORTISATION
At 1 December 2022 47,396
Charge for year 3,250
At 30 November 2023 50,646
NET BOOK VALUE
At 30 November 2023 14,354
At 30 November 2022 17,604

A & S Greenway Limited (Registered number: 04600897)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 65,000 156,195 218,351 186,780 626,326
Additions - - 24,734 97,050 121,784
Disposals - (21,714 ) (5,074 ) (53,140 ) (79,928 )
At 30 November 2023 65,000 134,481 238,011 230,690 668,182
DEPRECIATION
At 1 December 2022 55,762 128,634 127,008 97,735 409,139
Charge for year 3,824 4,167 17,411 28,326 53,728
Eliminated on disposal - (21,714 ) (5,074 ) (44,984 ) (71,772 )
At 30 November 2023 59,586 111,087 139,345 81,077 391,095
NET BOOK VALUE
At 30 November 2023 5,414 23,394 98,666 149,613 277,087
At 30 November 2022 9,238 27,561 91,343 89,045 217,187

The net book value of fixed assets held under hire purchase contracts is £143,932 (2022 - £70,597)

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 201,661 189,275
Other debtors 89,556 91,268
291,217 280,543

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 40,404 40,404
Hire purchase contracts (see note 10) 40,439 18,589
Trade creditors 253,767 341,973
Taxation and social security 40,162 34,939
Other creditors 3,200 30,407
377,972 466,312

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 28,652 69,391
Hire purchase contracts (see note 10) 96,008 52,669
124,660 122,060

A & S Greenway Limited (Registered number: 04600897)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 40,439 18,589
Between one and five years 96,008 52,669
136,447 71,258

Non-cancellable operating leases
30.11.23 30.11.22
£    £   
Within one year 25,062 22,637
Between one and five years 11,554 34,191
36,616 56,828

11. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 69,056 109,795
Hire purchase contracts 136,447 71,258
205,503 181,053

Bank loans are secured on the assets of the company and the hire purchase liabilities are secured against the assets to which they relate.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
20 Ordinary £1 20 20

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 30th November 2023 a loan account existed between the company and its directors and as at 30th November 2023 the directors owe the company £33,721 (2022 - £36,636). The loan is not interest bearing and the balance has been cleared after the year end by way of dividends.