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Unaudited Accounts | ||
for the year ended | ||
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Balance Sheet as at |
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Notes |
2024 £ |
2023 £ |
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Fixed assets | |||||
Tangible assets | 3 |
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Investments |
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Current assets | |||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | ( |
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Net current assets / (liabilities) | ( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | ( |
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Provisions for liabilities | ( |
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Total net assets (liabilities) |
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Capital and reserves | |||||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Balance Sheet
as at
The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.
Signed on behalf of the board of directors
...............................
P Green
Director
Approved by the board on
Company Number: 03920926 (a Private Company Limited by Shares registered in England and Wales)
Registered Office:
Cowfield Mill
Notes to the Accounts
for the year ended
1. | Accounting policies |
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Basis of preparation of financial statements |
Revenue recognition | |
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Revenue from the sale of goods or services is recognised when goods or services are delivered and legal title has passed. |
Tangible fixed assets depreciation policy | |||||||
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Stocks | |
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When stocks are used, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
Deferred taxation | |
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The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
Leases and hire purchase contracts | |
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Rentals applicable to short-term operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
Pensions | |
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Other accounting policies | |
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Consolidation The company's subsidiary undertaking ceased to trade on 31 march 2017 and is dormant. Investments The fixed asset investment is stated at cost. |
2. | Employees | |||
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2024 | 2023 | |||
Average number of employees during the period |
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3. | Tangible fixed assets | |||||||
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Computer equipment | Equipment | Vehicles | Total | |||||
Cost or valuation | £ | £ | £ | £ | ||||
At 1 April 2023 |
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Additions |
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Disposals | ( |
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At 31 March 2024 |
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Depreciation | ||||||||
At 1 April 2023 |
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Charge for the period |
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On disposals | ( |
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At 31 March 2024 |
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Net book value | ||||||||
At 31 March 2024 |
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At 31 March 2023 |
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Included in the figures for tangible fixed assets are 255 (2023 - 249) motor vehicles and plant being acquired under finance leases and hire purchase contracts as follows:- |
4. | Share capital | |||
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2024 | 2023 | |||
£ | £ | |||
Allotted, called up and fully paid: | ||||
2,989 (2023: 2,989) A Ordinary shares of £1.00 each | 2,989 | 2,989 | ||
Allotted, called up and fully paid: | ||||
1,999 (2023: 1,999) B Ordinary shares of £1.00 each | 1,999 | 1,999 | ||
Allotted, called up and fully paid: | ||||
10 (2023: 10) C Ordinary shares of £1.00 each | 10 | 10 | ||
Allotted, called up and fully paid: | ||||
2,989 (2023: 2,989) D Ordinary shares of £1.00 each | 2,989 | 2,989 | ||
Allotted, called up and fully paid: | ||||
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1,003 | 1,003 | ||
Allotted, called up and fully paid: | ||||
10 (2023: 10) E Ordinary shares of £1.00 each | 10 | 10 | ||
Allotted, called up and fully paid: | ||||
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Allotted, called up and fully paid: | ||||
350,000 (2023: 350,000) Redeemable Preference shares of £1.00 each | 350,000 | 350,000 | ||
859,000 | 859,000 |
Commitments, guarantees and contingencies | |
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Notes Pension commitments The company operates a defined contribution pension scheme on behalf of two directors the company secretary and a defined contribution Automatic Enrolment pension scheme on behalf of the employees. The assets of the schemes are held separately from those of the company in independently administered funds. There is no annual pension commitment under the directors and company's secretaries pension scheme for contributions and 3% (2023 -3%) of pensionable earnings for the employees in the Automatic enrolment scheme. Lease commitments - operating leases At the 31 March 2024 the company had annual commitments under non cancellable property operating leases of £146540 (2023 - £126040) and annual commitments under non cancellable vehicle operating leases of £152860 (2023 - £76909). Capital and other financial commitments, guarantees and contingencies On 6 February 2020 the company signed a guarantee for £320,000 to secure debts of Green-Line Holdings a business in which the directors are interested. The company had no capital or other financial commitments and contingencies at 31 March 2024 (2023 - None). |
6. | Other information |
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Creditors |