Registered number
13492527
Green Worx Construction Limited
Filleted Accounts
30 June 2024
Green Worx Construction Limited
Registered number: 13492527
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,590 37,440
Current assets
Debtors 4 5,761 6,298
Cash at bank and in hand 883 369
6,644 6,667
Creditors: amounts falling due within one year 5 (1,200) (1,800)
Net current assets 5,444 4,867
Total assets less current liabilities 34,034 42,307
Creditors: amounts falling due after more than one year 6 (34,625) (41,075)
Net (liabilities)/assets (591) 1,232
Capital and reserves
Called up share capital 1 1
Profit and loss account (592) 1,231
Shareholder's funds (591) 1,232
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J D Lytheer
Director
Approved by the board on 31 July 2024
Green Worx Construction Limited
Notes to the Accounts
for the year ended 30 June 2024
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract 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:
Tools over 5 years
Computer equipment over 5 years
Motor vehicles over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Tools Computer equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 - - 46,800 46,800
Additions 320 320 - 640
At 30 June 2024 320 320 46,800 47,440
Depreciation
At 1 July 2023 - - 9,360 9,360
Charge for the year 65 65 9,360 9,490
At 30 June 2024 65 65 18,720 18,850
Net book value
At 30 June 2024 255 255 28,080 28,590
At 30 June 2023 - - 37,440 37,440
4 Debtors 2024 2023
£ £
Other debtors 5,761 6,298
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,200 1,800
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 21,000 20,000
Directors loan 13,625 21,075
34,625 41,075
7 Related party transactions
The company is controlled by the director.
8 Other information
Green Worx Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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