Company Registration No. 09950537 (England and Wales)
Greens Carpentry And Construction Limited
Unaudited accounts
for the year ended 31 January 2024
Greens Carpentry And Construction Limited
Unaudited accounts
Contents
Greens Carpentry And Construction Limited
Company Information
for the year ended 31 January 2024
Company Number
09950537 (England and Wales)
Registered Office
41 Hendred Street
Oxford
OX4 2EE
UK
Greens Carpentry And Construction Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
38,991
43,703
Creditors: amounts falling due within one year
(39,672)
(14,806)
Net current assets
9,461
28,897
Total assets less current liabilities
51,477
28,897
Creditors: amounts falling due after more than one year
(33,976)
(7,233)
Called up share capital
1
1
Profit and loss account
17,500
21,663
Shareholders' funds
17,501
21,664
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
A B Green
Director
Company Registration No. 09950537
Greens Carpentry And Construction Limited
Notes to the Accounts
for the year ended 31 January 2024
Greens Carpentry And Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 09950537. The registered office is 41 Hendred Street, Oxford, OX4 2EE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Computer equipment
20% straight line
Greens Carpentry And Construction Limited
Notes to the Accounts
for the year ended 31 January 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has not had to make any judgements or key estimations.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
42,500
1,000
43,500
At 31 January 2024
42,500
1,000
43,500
Charge for the year
1,417
67
1,484
At 31 January 2024
1,417
67
1,484
At 31 January 2024
41,083
933
42,016
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,048
2,973
Obligations under finance leases and hire purchase contracts
1,120
-
Taxes and social security
(2,060)
9,834
Loans from directors
37,160
1,999
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,791
-
The company has entered into a coronavirus bounce back loan agreement for a facility of £15,000 which was fully drawn down in 2021. The loan bears interest at 2.5% pa. The loan is unsecured and repayable in monthly instalments from 28 June 2021, with the final instalment due on 28 May 2026.
Greens Carpentry And Construction Limited
Notes to the Accounts
for the year ended 31 January 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).