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REGISTERED NUMBER: 03980475 (England and Wales)















Financial Statements for the Year Ended 31st July 2023

for

Greens Accountancy & Tax Services Ltd

Greens Accountancy & Tax Services Ltd (Registered number: 03980475)






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


Greens Accountancy & Tax Services Ltd

Company Information
for the Year Ended 31st July 2023







DIRECTOR: Mr S M Green





REGISTERED OFFICE: 106a Commercial Street
Risca
Newport
NP11 6EE





REGISTERED NUMBER: 03980475 (England and Wales)

Greens Accountancy & Tax Services Ltd (Registered number: 03980475)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,191 3,655
Investment property 6 225,593 225,593
228,784 229,248

CURRENT ASSETS
Stocks 66,537 42,317
Debtors 7 214,501 162,595
Cash at bank and in hand 540,740 566,349
821,778 771,261
CREDITORS
Amounts falling due within one year 8 133,797 116,644
NET CURRENT ASSETS 687,981 654,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,765

883,865

PROVISIONS FOR LIABILITIES 638 694
NET ASSETS 916,127 883,171

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 916,126 883,170
SHAREHOLDERS' FUNDS 916,127 883,171

Greens Accountancy & Tax Services Ltd (Registered number: 03980475)

Balance Sheet - continued
31st July 2023


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 his 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.

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 and Director's Report has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th July 2024 and were signed by:





Mr S M Green - Director


Greens Accountancy & Tax Services Ltd (Registered number: 03980475)

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

1. STATUTORY INFORMATION

Greens Accountancy & Tax Services Ltd 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.

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.

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
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 30 months.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Work in progress
Work in progress has been valued at expected selling price. This treatment is in accordance with the provisions contained within UTIF 40.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Director's Report, 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.


Greens Accountancy & Tax Services Ltd (Registered number: 03980475)

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.

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 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 24,942
AMORTISATION
At 1st August 2022
and 31st July 2023 24,942
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

Greens Accountancy & Tax Services Ltd (Registered number: 03980475)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 22,743
Additions 755
At 31st July 2023 23,498
DEPRECIATION
At 1st August 2022 19,088
Charge for year 1,219
At 31st July 2023 20,307
NET BOOK VALUE
At 31st July 2023 3,191
At 31st July 2022 3,655

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 225,593
NET BOOK VALUE
At 31st July 2023 225,593
At 31st July 2022 225,593

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,285 155,261
Other debtors 31,216 7,334
214,501 162,595

Greens Accountancy & Tax Services Ltd (Registered number: 03980475)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 787 1,918
Taxation and social security 44,135 38,755
Other creditors 88,875 75,971
133,797 116,644