Sives GreenWorld Limited SC681989 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is activities of head office. Digita Accounts Production Advanced 6.30.9574.0 true false true false SC681989 2023-04-01 2024-03-31 SC681989 2024-03-31 SC681989 core:CurrentFinancialInstruments 2024-03-31 SC681989 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC681989 core:CostValuation 2024-03-31 SC681989 core:DisposalsDecreaseInInvestments 2024-03-31 SC681989 core:AllSubsidiaries 2024-03-31 SC681989 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-03-31 SC681989 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 SC681989 core:OtherRelatedParties 2024-03-31 SC681989 bus:SmallEntities 2023-04-01 2024-03-31 SC681989 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC681989 bus:FilletedAccounts 2023-04-01 2024-03-31 SC681989 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC681989 bus:RegisteredOffice 2023-04-01 2024-03-31 SC681989 bus:CompanySecretary1 2023-04-01 2024-03-31 SC681989 bus:Director1 2023-04-01 2024-03-31 SC681989 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC681989 bus:Agent1 2023-04-01 2024-03-31 SC681989 core:AllSubsidiaries 2023-04-01 2024-03-31 SC681989 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 SC681989 core:OtherRelatedParties 2023-04-01 2024-03-31 SC681989 core:Subsidiary1 2023-04-01 2024-03-31 SC681989 core:Subsidiary1 2023-04-01 2024-03-31 SC681989 core:Subsidiary1 1 2023-04-01 2024-03-31 SC681989 core:Subsidiary1 2 2023-04-01 2024-03-31 SC681989 core:Subsidiary1 countries:Scotland 2023-04-01 2024-03-31 SC681989 countries:Scotland 2023-04-01 2024-03-31 SC681989 2023-03-31 SC681989 core:CostValuation 2023-03-31 SC681989 core:AllSubsidiaries 2023-03-31 SC681989 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-31 SC681989 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 SC681989 core:OtherRelatedParties 2023-03-31 SC681989 2022-04-01 2023-03-31 SC681989 2023-03-31 SC681989 core:CurrentFinancialInstruments 2023-03-31 SC681989 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC681989 core:AllSubsidiaries 2023-03-31 SC681989 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-31 SC681989 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 SC681989 core:AllSubsidiaries 2022-04-01 2023-03-31 SC681989 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-04-01 2023-03-31 SC681989 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-04-01 2023-03-31 SC681989 core:Subsidiary1 1 2022-04-01 2023-03-31 SC681989 core:Subsidiary1 2 2022-04-01 2023-03-31 SC681989 2022-03-31 SC681989 core:AllSubsidiaries 2022-03-31 SC681989 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 SC681989 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 iso4217:GBP xbrli:pure

Registration number: SC681989

Sives GreenWorld Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Sives GreenWorld Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Sives GreenWorld Limited

Company Information

Director

Mr James Jeffery Hall Sives

Company secretary

Mrs Lesley Sives

Registered office

31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

Accountants

Brown, Scott & Main
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Sives GreenWorld Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sives GreenWorld Limited for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Sives GreenWorld Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Sives GreenWorld Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sives GreenWorld Limited. You consider that Sives GreenWorld Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sives GreenWorld Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

26 September 0224

 

Sives GreenWorld Limited

(Registration number: SC681989)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

852

902

Current assets

 

Debtors

6

101,000

91,000

Cash at bank and in hand

 

630,799

411,350

 

731,799

502,350

Creditors: Amounts falling due within one year

7

(2,978)

(506)

Net current assets

 

728,821

501,844

Net assets

 

729,673

502,746

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

729,573

502,646

Shareholders' funds

 

729,673

502,746

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2024
 

.........................................
Mr James Jeffery Hall Sives
Director

 

Sives GreenWorld Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is sterling.

Group accounts not prepared

The financial statements contain information about Sives GreenWorld Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Income represents dividends received from its subsidiary which are recognised when the dividend becomes payable.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Debtors

Debtors comprise a balance due from a related company in which the director formerly had a interest.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

4

Tax charge

2024

2023

£

£

Corporation tax charge

2,976

504

2,976

504

5

Investments

2024
£

2023
£

Investments in subsidiaries

852

902

Subsidiaries

£

Cost or valuation

At 1 April 2023

902

Disposals

(50)

At 31 March 2024

852

Provision

Carrying amount

At 31 March 2024

852

At 31 March 2023

902

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Land Technology Limited

31 Townsend Place
Kirkcaldy
KY1 1HB

Scotland

A Ordinary D Ordinary

25%
100%

50%
100%

Subsidiary undertakings

Land Technology Limited

The principal activity of Land Technology Limited is landscape contracting.

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

10

101,000

1,000

Other debtors

 

-

90,000

   

101,000

91,000

Other debtors comprise a loan to a related company which is subject to interest of 4.00% per annum.

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,976

504

Other creditors

2

2

2,978

506

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

       

9

Dividends

Interim dividends paid

   

2024
£

 

2023
£

Interim dividend of £20 (2023- £155) per ordinary share

 

2,000

 

15,500

         

10

Related party transactions

Summary of transactions with entities with joint control or significant interest

J Sives Surfacing Limited
 Interest is charged at 4% per annum on all outstanding balances.
 

Summary of transactions with subsidiaries

Land Technology Limited

Amounts outstanding are interest free and repayable on demand.

Summary of transactions with other related parties

Greentech Enterprises Limited, a company which is under the significant control of J J H Sives, director
 The loan is interest free and repayable on demand date.
 

Loans to related parties

 

Sives GreenWorld Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

10

Related party transactions (continued)

2024

Entities with joint control or significant influence
£

Subsidiary
£

Other related parties
£

Total
£

At start of period

90,000

1,000

-

91,000

Advanced

-

150,000

268,000

418,000

Repaid

(90,000)

(50,000)

(268,000)

(408,000)

At end of period

-

101,000

-

101,000

2023

Entities with joint control or significant influence
£

Subsidiary
£

Total
£

At start of period

90,000

-

90,000

Advanced

-

1,000

1,000

At end of period

90,000

1,000

91,000

Loans from related parties

2024

Key management
£

Total
£

At start of period

2

2

At end of period

2

2

2023

Subsidiary
£

Key management
£

Total
£

At start of period

24,000

2

24,002

Repaid

(24,000)

-

(24,000)

At end of period

-

2

2