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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
Page
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Greens Carpentry And Construction Limited Company Information for the year ended 31 January 2024
Director
A B Green
Company Number
09950537 (England and Wales)
Registered Office
41 Hendred Street Oxford OX4 2EE UK
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Greens Carpentry And Construction Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,016 
- 
Current assets
Debtors
10,142 
- 
Cash at bank and in hand
38,991 
43,703 
49,133 
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)
Net assets
17,501 
21,664 
Capital and reserves
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
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Greens Carpentry And Construction Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Taxation
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.
Financial instruments
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
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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 
At 1 February 2023
- 
- 
- 
Additions
42,500 
1,000 
43,500 
At 31 January 2024
42,500 
1,000 
43,500 
Depreciation
Charge for the year
1,417 
67 
1,484 
At 31 January 2024
1,417 
67 
1,484 
Net book value
At 31 January 2024
41,083 
933 
42,016 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,760 
- 
Trade debtors
382 
- 
10,142 
- 
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 
- 
Trade creditors
404 
- 
Taxes and social security
(2,060)
9,834 
Loans from directors
37,160 
1,999 
39,672 
14,806 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,185 
7,233 
Obligations under finance leases and hire purchase contracts
29,791 
- 
33,976 
7,233 
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.
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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).
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