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REGISTERED NUMBER: 07041130 (England and Wales)















GREEN PROPERTY SOLUTIONS LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






GREEN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 07041130)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREEN PROPERTY SOLUTIONS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Weston
E Weston





REGISTERED OFFICE: 16 Windsor Place
Abertridwr
Caerphilly
Wales
CF83 4DR





REGISTERED NUMBER: 07041130 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

GREEN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 07041130)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,918 74,941

CURRENT ASSETS
Stocks 35,001 35,001
Debtors 5 202,280 154,214
Cash at bank and in hand 45,331 23,015
282,612 212,230
CREDITORS
Amounts falling due within one year 6 250,434 173,597
NET CURRENT ASSETS 32,178 38,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,096

113,574

CREDITORS
Amounts falling due after more than one year 7 90,372 38,333
NET ASSETS 55,724 75,241

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 55,714 75,231
SHAREHOLDERS' FUNDS 55,724 75,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 24 October 2024 and were signed on its behalf by:





M Weston - Director


GREEN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 07041130)

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

1. STATUTORY INFORMATION

Green Property Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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 24 (2023 - 22 ) .

GREEN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 07041130)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 20,235 119,622 1,294 141,151
Additions 1,392 108,844 1,205 111,441
Disposals - (27,062 ) - (27,062 )
At 31 January 2024 21,627 201,404 2,499 225,530
DEPRECIATION
At 1 February 2023 18,950 46,954 306 66,210
Charge for year 1,529 46,657 599 48,785
Eliminated on disposal - (3,383 ) - (3,383 )
At 31 January 2024 20,479 90,228 905 111,612
NET BOOK VALUE
At 31 January 2024 1,148 111,176 1,594 113,918
At 31 January 2023 1,285 72,668 988 74,941

The net book value of assets under hire purchase agreements was £59,062 (2023: £1,873).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 169,293 102,681
Other debtors 32,987 51,533
202,280 154,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,749 10,000
Hire purchase contracts 18,207 1,747
Trade creditors 99,022 91,865
Taxation and social security 49,269 26,901
Other creditors 77,187 43,084
250,434 173,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 32,065 38,333
Hire purchase contracts 58,307 -
90,372 38,333

GREEN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 07041130)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 76,514 1,747

The net obligations held under hire purchase agreements are secured on the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M Weston
Balance outstanding at start of year 14,869 21,822
Amounts advanced 14,125 15,130
Amounts repaid (15,000 ) (22,083 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,994 14,869

E Weston
Balance outstanding at start of year 13,732 17,183
Amounts advanced 17,540 14,049
Amounts repaid (15,000 ) (17,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,272 13,732

10. RELATED PARTY DISCLOSURES

At the year end, Green Property Solutions Limited owed Weston Holdings Limited £44,500 (2023: was owed £14,500). M Weston and E Weston are directors and shareholders of both company's.