IRIS Accounts Production v24.2.0.383 10086382 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100863822023-03-31100863822024-03-31100863822023-04-012024-03-31100863822022-03-31100863822022-04-012023-03-31100863822023-03-3110086382ns15:EnglandWales2023-04-012024-03-3110086382ns14:PoundSterling2023-04-012024-03-3110086382ns10:Director12023-04-012024-03-3110086382ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110086382ns10:SmallEntities2023-04-012024-03-3110086382ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110086382ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110086382ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110086382ns10:FullAccounts2023-04-012024-03-3110086382ns10:CompanySecretary12023-04-012024-03-3110086382ns10:RegisteredOffice2023-04-012024-03-3110086382ns5:CurrentFinancialInstruments2024-03-3110086382ns5:CurrentFinancialInstruments2023-03-3110086382ns5:Non-currentFinancialInstruments2024-03-3110086382ns5:Non-currentFinancialInstruments2023-03-3110086382ns5:ShareCapital2024-03-3110086382ns5:ShareCapital2023-03-3110086382ns5:RetainedEarningsAccumulatedLosses2024-03-3110086382ns5:RetainedEarningsAccumulatedLosses2023-03-3110086382ns5:PlantMachinery2023-04-012024-03-3110086382ns5:FurnitureFittings2023-04-012024-03-3110086382ns5:MotorVehicles2023-04-012024-03-3110086382ns5:ComputerEquipment2023-04-012024-03-3110086382ns5:PlantMachinery2023-03-3110086382ns5:PlantMachinery2024-03-3110086382ns5:PlantMachinery2023-03-3110086382ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110086382ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110086382ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3110086382ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3110086382ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3110086382ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: 10086382 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Greenhome Heating Limited

Greenhome Heating Limited (Registered number: 10086382)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Greenhome Heating Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: M Wooler





SECRETARY: Mrs L Wooler





REGISTERED OFFICE: 4C Glover Industrial Estate
Spire Road
Washington
Tyne and Wear
NE37 3ES





REGISTERED NUMBER: 10086382 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Greenhome Heating Limited (Registered number: 10086382)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,559 51,113

CURRENT ASSETS
Stocks 5 6,000 4,000
Debtors 6 130,396 122,723
Cash at bank and in hand 156,607 42,512
293,003 169,235
CREDITORS
Amounts falling due within one year 7 176,298 59,369
NET CURRENT ASSETS 116,705 109,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,264

160,979

CREDITORS
Amounts falling due after more than one
year

8

(48,683

)

(65,797

)

PROVISIONS FOR LIABILITIES (9,515 ) (9,399 )
NET ASSETS 99,066 85,783

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,966 85,683
SHAREHOLDERS' FUNDS 99,066 85,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Greenhome Heating Limited (Registered number: 10086382)

Statement of Financial Position - continued
31 March 2024


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 director and authorised for issue on 19 June 2024 and were signed by:





M Wooler - Director


Greenhome Heating Limited (Registered number: 10086382)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Greenhome Heating 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.

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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

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

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 - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Greenhome Heating Limited (Registered number: 10086382)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 95,925
Additions 2,179
At 31 March 2024 98,104
DEPRECIATION
At 1 April 2023 44,812
Charge for year 12,733
At 31 March 2024 57,545
NET BOOK VALUE
At 31 March 2024 40,559
At 31 March 2023 51,113

5. STOCKS
2024 2023
£    £   
Stocks 6,000 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,535 9,031
Other debtors 70,861 113,692
130,396 122,723

Greenhome Heating Limited (Registered number: 10086382)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 6,250 6,250
Trade creditors 31,087 10,315
Taxation and social security 32,701 2,264
Other creditors 106,260 40,540
176,298 59,369

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 26,562 32,813
Other creditors 22,121 32,984
48,683 65,797

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,563

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,250 6,250
Other loans 10,863 10,091
17,113 16,341

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,250 12,500
Other loans 11,727 15,960
17,977 28,460

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,312 18,750
Other loans - 2-5 years 10,394 17,024
30,706 35,774

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,563