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REGISTERED NUMBER: 12997892 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Underwood Green Limited

Underwood Green Limited (Registered number: 12997892)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Underwood Green Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R J Green
Mr G Underwood





SECRETARY: Mrs J Underwood





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 12997892 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Underwood Green Limited (Registered number: 12997892)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,024 13,294

CURRENT ASSETS
Work-in-progress 99,642 84,841
Debtors 5 203,119 192,789
Cash at bank and in hand 200,095 253,689
502,856 531,319
CREDITORS
Amounts falling due within one year 6 504,753 440,654
NET CURRENT (LIABILITIES)/ASSETS (1,897 ) 90,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,127

103,959

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 108,927 103,759
SHAREHOLDERS' FUNDS 109,127 103,959

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 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.

Underwood Green Limited (Registered number: 12997892)

Balance Sheet - 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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




Mr G Underwood - Director



Mr R J Green - Director


Underwood Green Limited (Registered number: 12997892)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Underwood Green 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
In accordance with FRS 102, turnover represents amounts chargeable to clients for professional services provided during the year, net of any VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Work in progress
Work in progress is valued in accordance with FRS102. All unbilled and incomplete time has been valued at fair value and reflects the time spent and the skills and expertise that has been provided.

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 balance sheet date.

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 13 (2023 - 12 ) .

Underwood Green Limited (Registered number: 12997892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,421 - 20,321 21,742
Additions - 95,025 13,023 108,048
Disposals (59 ) - (7,737 ) (7,796 )
At 31 March 2024 1,362 95,025 25,607 121,994
DEPRECIATION
At 1 April 2023 621 - 7,827 8,448
Charge for year 196 1,980 4,319 6,495
Eliminated on disposal (30 ) - (3,943 ) (3,973 )
At 31 March 2024 787 1,980 8,203 10,970
NET BOOK VALUE
At 31 March 2024 575 93,045 17,404 111,024
At 31 March 2023 800 - 12,494 13,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,005 136,501
Other debtors 34,114 56,288
203,119 192,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,418 61,560
Taxation and social security 177,687 152,645
Other creditors 294,648 226,449
504,753 440,654

Underwood Green Limited (Registered number: 12997892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
200 200

8. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided by companies with common directors amounted to £269,442 (2023 £207,930).