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REGISTERED NUMBER: 06485497 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GREENFLAME INSTALLATIONS LTD

GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENFLAME INSTALLATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs S L McMahon
Mr P J McMahon
Mr J McMahon



SECRETARY: Mrs S L McMahon



REGISTERED OFFICE: 146 Milton Road
Yate
Bristol
BS37 5ET



REGISTERED NUMBER: 06485497 (England and Wales)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: Santander
Customer Service Center
Bootle
Merseyside
L30 4GB

GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,756 98,633

CURRENT ASSETS
Stocks 399,841 322,601
Debtors 5 304,305 246,429
Cash at bank and in hand 230,233 169,338
934,379 738,368
CREDITORS
Amounts falling due within one year 6 405,329 395,786
NET CURRENT ASSETS 529,050 342,582
TOTAL ASSETS LESS CURRENT LIABILITIES 659,806 441,215

CREDITORS
Amounts falling due after more than one
year

7

(33,038

)

(23,333

)

PROVISIONS FOR LIABILITIES 8 (32,689 ) (18,740 )
NET ASSETS 594,079 399,142

CAPITAL AND RESERVES
Allotted, called up and fully paid share
capital

9

4

4
Profit & loss account - distributable 594,075 399,138
SHAREHOLDERS' FUNDS 594,079 399,142

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

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

GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

BALANCE SHEET - continued
31 JANUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




Mrs S L McMahon - Director



Mr P J McMahon - Director


GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Greenflame Installations Ltd 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.

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, 20% on cost and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


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.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 247,601
Additions 85,317
Disposals (23,745 )
At 31 January 2024 309,173
DEPRECIATION
At 1 February 2023 148,968
Charge for year 41,322
Eliminated on disposal (11,873 )
At 31 January 2024 178,417
NET BOOK VALUE
At 31 January 2024 130,756
At 31 January 2023 98,633

GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


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 February 2023 12,495
Additions 30,488
Transfer to ownership (12,495 )
At 31 January 2024 30,488
DEPRECIATION
At 1 February 2023 7,773
Charge for year 6,097
Transfer to ownership (7,773 )
At 31 January 2024 6,097
NET BOOK VALUE
At 31 January 2024 24,391
At 31 January 2023 4,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 278,133 207,638
Other debtors 26,172 38,791
304,305 246,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 3,653 3,119
Trade creditors 160,104 166,612
Taxation and social security 120,547 82,224
Other creditors 121,025 143,831
405,329 395,786

Included in other creditors is a loan from the directors, Mr & Mrs P McMahon and Mr J McMahon. At the balance sheet date this loan amounted to £75,271 (2023: £96,972). The loan is granted free of interest and is repayable on demand. Also included is a Bounce Back Loan of £10,000 (2023: £10,000).

GREENFLAME INSTALLATIONS LTD (REGISTERED NUMBER: 06485497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 19,705 -
Other creditors 13,333 23,333
33,038 23,333

Other creditors is a Bounce Back Loan of £13,333 (2023: £23,333).

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 32,689 18,740

Deferred
tax
£   
Balance at 1 February 2023 18,740
Provided during year 13,949
Balance at 31 January 2024 32,689

9. ALLOTTED, CALLED UP AND FULLY PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 'A' £1 2 2
2 Ordinary 'B' £1 2 2
4 4

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the Directors, Mr & Mrs McMahon, by virtue of their 100% equal ownership of the issued Ordinary 'A' Share Capital.