IRIS Accounts Production v24.2.0.383 07022996 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070229962022-12-31070229962023-12-31070229962023-01-012023-12-31070229962021-12-31070229962022-01-012022-12-31070229962022-12-3107022996ns15:EnglandWales2023-01-012023-12-3107022996ns14:PoundSterling2023-01-012023-12-3107022996ns10:Director12023-01-012023-12-3107022996ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107022996ns10:SmallEntities2023-01-012023-12-3107022996ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107022996ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107022996ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107022996ns10:FullAccounts2023-01-012023-12-3107022996ns10:Director22023-01-012023-12-3107022996ns10:RegisteredOffice2023-01-012023-12-3107022996ns5:CurrentFinancialInstruments2023-12-3107022996ns5:CurrentFinancialInstruments2022-12-3107022996ns5:Non-currentFinancialInstruments2023-12-3107022996ns5:Non-currentFinancialInstruments2022-12-3107022996ns5:ShareCapital2023-12-3107022996ns5:ShareCapital2022-12-3107022996ns5:RetainedEarningsAccumulatedLosses2023-12-3107022996ns5:RetainedEarningsAccumulatedLosses2022-12-3107022996ns5:PlantMachinery2023-01-012023-12-3107022996ns5:PlantMachinery2022-12-3107022996ns5:PlantMachinery2023-12-3107022996ns5:PlantMachinery2022-12-3107022996ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3107022996ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3107022996ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3107022996ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3107022996ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107022996ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07022996 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GREENS (CORNWALL) LIMITED

GREENS (CORNWALL) LIMITED (REGISTERED NUMBER: 07022996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENS (CORNWALL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D M Green
Mrs K J Green





REGISTERED OFFICE: Higher Laity Farm
Old Portreath Road
Redruth
Cornwall
TR16 4HY





REGISTERED NUMBER: 07022996 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

GREENS (CORNWALL) LIMITED (REGISTERED NUMBER: 07022996)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266,420 217,413

CURRENT ASSETS
Debtors 5 49,140 35,117
Cash at bank 4,231 637
53,371 35,754
CREDITORS
Amounts falling due within one year 6 115,158 84,637
NET CURRENT LIABILITIES (61,787 ) (48,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,633

168,530

CREDITORS
Amounts falling due after more than one
year

7

(193,274

)

(168,182

)

PROVISIONS FOR LIABILITIES (1,405 ) -
NET ASSETS 9,954 348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,854 248
SHAREHOLDERS' FUNDS 9,954 348

GREENS (CORNWALL) LIMITED (REGISTERED NUMBER: 07022996)

BALANCE SHEET - continued
31 DECEMBER 2023


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.

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 19 September 2024 and were signed on its behalf by:





Mr D M Green - Director


GREENS (CORNWALL) LIMITED (REGISTERED NUMBER: 07022996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

GREENS (Cornwall) 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.

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, Straight line over 25 years and Straight line over 8 years

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.

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.

GREENS (CORNWALL) LIMITED (REGISTERED NUMBER: 07022996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 345,645
Additions 96,308
Disposals (12,780 )
At 31 December 2023 429,173
DEPRECIATION
At 1 January 2023 128,232
Charge for year 41,081
Eliminated on disposal (6,560 )
At 31 December 2023 162,753
NET BOOK VALUE
At 31 December 2023 266,420
At 31 December 2022 217,413

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 26,450
Additions 45,245
At 31 December 2023 71,695
DEPRECIATION
At 1 January 2023 11,572
Charge for year 11,969
At 31 December 2023 23,541
NET BOOK VALUE
At 31 December 2023 48,154
At 31 December 2022 14,878

GREENS (CORNWALL) LIMITED (REGISTERED NUMBER: 07022996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,461 13,915
Amounts recoverable on contracts 457 8,020
Other debtors 18,222 13,182
49,140 35,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,960
Hire purchase contracts 19,205 12,990
Trade creditors 29,776 28,436
Taxation and social security 28,167 25,576
Other creditors 28,010 7,675
115,158 84,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,231
Hire purchase contracts 50,638 17,236
Other creditors 128,469 126,715
193,274 168,182

8. ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company by virtue of their shareholdings.