Company Registration No. SC181938 (Scotland)
Greentech (Sportsturf) Limited
Unaudited accounts
for the year ended 30 November 2023
Greentech (Sportsturf) Limited
Unaudited accounts
Contents
Greentech (Sportsturf) Limited
Company Information
for the year ended 30 November 2023
Directors
K Brunton
H Murray
Company Number
SC181938 (Scotland)
Registered Office
BLOCK 5 UNIT 1
BANDEATH INDUSTRIAL ESTATE THROSK
STIRLING
FK7 7NP
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
Greentech (Sportsturf) Limited
Statement of financial position
as at 30 November 2023
Tangible assets
627,894
496,564
Cash at bank and in hand
198,323
206,208
Creditors: amounts falling due within one year
(403,725)
(353,081)
Net current assets
154,602
165,550
Total assets less current liabilities
782,496
662,114
Creditors: amounts falling due after more than one year
(258,947)
(200,800)
Provisions for liabilities
Deferred tax
(144,484)
(98,575)
Net assets
379,065
362,739
Profit and loss account
376,065
359,739
Shareholders' funds
379,065
362,739
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
K Brunton
Director
Company Registration No. SC181938
Greentech (Sportsturf) Limited
Notes to the Accounts
for the year ended 30 November 2023
Greentech (Sportsturf) Limited is a private company, limited by shares, registered in Scotland, registration number SC181938. The registered office is BLOCK 5 UNIT 1, BANDEATH INDUSTRIAL ESTATE THROSK, STIRLING, FK7 7NP.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Reducing Balance
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
1,138,704
437,034
1,575,738
Additions
143,695
94,415
238,110
Revaluations
-
(29,129)
(29,129)
At 30 November 2023
1,282,399
502,320
1,784,719
At 1 December 2022
748,338
330,836
1,079,174
Charge for the year
58,956
45,643
104,599
Surplus on revaluation
-
(26,948)
(26,948)
At 30 November 2023
807,294
349,531
1,156,825
At 30 November 2023
475,105
152,789
627,894
At 30 November 2022
390,366
106,198
496,564
Greentech (Sportsturf) Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
248,321
232,355
Accrued income and prepayments
4,648
3,217
Other debtors
20,123
13,085
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
93,202
70,964
Trade creditors
128,788
82,117
Taxes and social security
84,115
89,972
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
235,082
167,467
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Average number of employees
During the year the average number of employees was 16 (2022: 15).