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REGISTERED NUMBER: 02576508 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Greenmantle Limited

Greenmantle Limited (Registered number: 02576508)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Greenmantle Limited (Registered number: 02576508)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 194,805 148,641

CURRENT ASSETS
Stocks 32,000 41,876
Debtors 5 1,265,270 1,015,617
Cash at bank and in hand 1,497,374 1,719,002
2,794,644 2,776,495
CREDITORS
Amounts falling due within one year 6 (753,679 ) (753,070 )
NET CURRENT ASSETS 2,040,965 2,023,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,235,770

2,172,066

CREDITORS
Amounts falling due after more than one
year

7

(273,242

)

(345,583

)

PROVISIONS FOR LIABILITIES (48,701 ) (28,242 )
NET ASSETS 1,913,827 1,798,241

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,912,827 1,797,241
1,913,827 1,798,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Greenmantle Limited (Registered number: 02576508)

Balance Sheet - continued
31 December 2023


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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mr R F Holmstoel - Director


Greenmantle Limited (Registered number: 02576508)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Greenmantle Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02576508

Registered office: C/o Sterling Partners Ltd Units 15&16
7 Wenlock Road
London
N1 7SL

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Greenmantle Limited (Registered number: 02576508)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 83 (2022 - 70 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 129,007 33,700 557,178 10,766 730,651
Additions - - 134,000 - 134,000
Disposals - - (16,400 ) - (16,400 )
At 31 December 2023 129,007 33,700 674,778 10,766 848,251
DEPRECIATION
At 1 January 2023 80,770 33,700 462,188 5,352 582,010
Charge for year 19,984 - 65,162 2,691 87,837
Eliminated on disposal - - (16,401 ) - (16,401 )
At 31 December 2023 100,754 33,700 510,949 8,043 653,446
NET BOOK VALUE
At 31 December 2023 28,253 - 163,829 2,723 194,805
At 31 December 2022 48,237 - 94,990 5,414 148,641

Greenmantle Limited (Registered number: 02576508)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 44,500 301,002 345,502
Additions - 134,000 134,000
Transfer to ownership - (193,515 ) (193,515 )
At 31 December 2023 44,500 241,487 285,987
DEPRECIATION
At 1 January 2023 44,500 220,387 264,887
Charge for year - 60,371 60,371
Transfer to ownership - (193,515 ) (193,515 )
At 31 December 2023 44,500 87,243 131,743
NET BOOK VALUE
At 31 December 2023 - 154,244 154,244
At 31 December 2022 - 80,615 80,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,173,153 904,392
Other debtors 2,124 2,419
Loan - Hortus 8,429 33,169
Directors' current accounts 40,900 40,900
Tax 13,500 13,500
Prepayment 27,164 21,237
1,265,270 1,015,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 103,666 103,666
Hire purchase contracts (see note 8) 48,284 31,361
Trade creditors 179,405 248,833
Tax 143,125 134,338
Social security and other taxes 70,413 65,641
Pension control 1,203 22,580
VAT 203,733 143,651
Accrued expenses 3,850 3,000
753,679 753,070

Greenmantle Limited (Registered number: 02576508)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 103,666 103,666
Bank loans - 2-5 years 76,015 178,266
Hire purchase contracts (see note 8) 93,561 63,651
273,242 345,583

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 55,371 35,441
Between one and five years 107,868 71,892
163,239 107,333

Finance charges repayable:
Within one year 7,087 4,080
Between one and five years 14,307 8,241
21,394 12,321

Net obligations repayable:
Within one year 48,284 31,361
Between one and five years 93,561 63,651
141,845 95,012

Non-cancellable operating leases
2023 2022
£    £   
Within one year 140,695 122,207

Greenmantle Limited (Registered number: 02576508)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Ms J S Joseph and Ms J S Joseph
Balance outstanding at start of year 20,450 -
Amounts advanced 451 20,450
Amounts repaid (400 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,501 20,450

Mr A I Perley and Mr A I Perley
Balance outstanding at start of year 20,450 -
Amounts advanced 449 20,450
Amounts repaid (500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,399 20,450