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REGISTERED NUMBER: 07055507 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Greenlight Safety Consultancy Ltd

Greenlight Safety Consultancy Ltd (Registered number: 07055507)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Greenlight Safety Consultancy Ltd (Registered number: 07055507)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,629 48,611

CURRENT ASSETS
Debtors 5 193,321 476,319
Cash at bank 101,151 216,393
294,472 692,712
CREDITORS
Amounts falling due within one year 6 271,158 344,435
NET CURRENT ASSETS 23,314 348,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,943

396,888

CREDITORS
Amounts falling due after more than one
year

7

(41,505

)

(24,167

)

PROVISIONS FOR LIABILITIES (4,112 ) (7,937 )
NET ASSETS 27,326 364,784

CAPITAL AND RESERVES
Called up share capital 1,005 1,005
Retained earnings 26,321 363,779
SHAREHOLDERS' FUNDS 27,326 364,784

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 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.

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 director and authorised for issue on 13 September 2024 and were signed by:





D Symons - Director


Greenlight Safety Consultancy Ltd (Registered number: 07055507)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Greenlight Safety Consultancy Ltd 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: 07055507

Registered office: Bergstrand House
Parkwood Close
Roborough
Plymouth
Devon
PL6 7SG

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 etc - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on straight line

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.

Greenlight Safety Consultancy Ltd (Registered number: 07055507)

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.

Assets held under hire purchase and finance lease agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight-line basis.

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 21 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 118,878
Additions 34,826
Disposals (55,853 )
At 31 December 2023 97,851
DEPRECIATION
At 1 January 2023 70,267
Charge for year 26,112
Eliminated on disposal (48,157 )
At 31 December 2023 48,222
NET BOOK VALUE
At 31 December 2023 49,629
At 31 December 2022 48,611

Greenlight Safety Consultancy Ltd (Registered number: 07055507)

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 and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 55,853
Additions 31,683
Disposals (55,853 )
At 31 December 2023 31,683
DEPRECIATION
At 1 January 2023 35,374
Charge for year 18,724
Eliminated on disposal (48,157 )
At 31 December 2023 5,941
NET BOOK VALUE
At 31 December 2023 25,742
At 31 December 2022 20,479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 115,240 222,967
Amounts owed by group undertakings 72,815 245,855
Other debtors 5,266 7,497
193,321 476,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases (see note 8)
5,533

9,884
Trade creditors 12,532 10,245
Amounts owed to group undertakings 52,429 84,318
Taxation and social security 126,974 152,553
Other creditors 63,690 77,435
271,158 344,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167
Hire purchase contracts and finance leases (see note 8)
27,338

-
41,505 24,167

Greenlight Safety Consultancy Ltd (Registered number: 07055507)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Net obligations repayable:
Within one year 5,533 - - 9,884
Between one and five years 27,338 - - -
32,871 - - 9,884

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 31,870 24,660
Between one and five years 23,706 30,000
55,576 54,660

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts and finance leases 32,871 9,884

The company has a hire purchase agreement which is secured on the asset they are financing.

10. RELATED PARTY DISCLOSURES

During the year the company voted dividends to and paid costs on behalf of Greenlight Group Limited, the parent company. As at 31 December 2023 there was a balance owed from Greenlight Group Limited of £61,712 (2022:£234,974). This is included in 'amounts owed by group undertakings'.

During the year the company paid costs and received income on behalf of Greenlight Training Limited, a fellow group company. As at 31 December 2023 a balance of £54,429 was owed to Greenlight Training Limited (2022: £84,318). This is included in 'amounts owed to group undertakings'.

During the year the company paid costs and received income on behalf of Greenlight Safety Assessment Scheme Limited, a fellow group company. As at 31 December 2023 a balance of £11,103 was owed by Greenlight Safety Assessment Scheme Limited (2022:£10,879). This is included in 'amounts owed by group undertakings'.

The immediate parent company is Greenlight Group Limited, a company incorporated in the UK. The ultimate parent company is Greenlight Group Holdings Limited, a company incorporated in the UK.