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Registration number: 04638680

Greenhills Restorations Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Greenhills Restorations Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Greenhills Restorations Ltd

Company Information

Director

A R Plescia-Greenhill

Company secretary

S Coates

Registered office

Unit 1a
Old Airfield Farm
Moreton Valence
Gloucester
Gloucestershire
GL2 7NG

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Weston-super-Mare
North Somerset
BS22 8NG

 

Greenhills Restorations Ltd

(Registration number: 04638680)
Balance Sheet
31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,974

3,589

Current assets

 

Stocks

1,955

2,000

Debtors

5

6,365

7,847

Cash at bank and in hand

 

2,206

3,318

 

10,526

13,165

Creditors: Amounts falling due within one year

6

(29,569)

(25,729)

Net current liabilities

 

(19,043)

(12,564)

Net liabilities

 

(17,069)

(8,975)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(17,070)

(8,976)

Shareholders' deficit

 

(17,069)

(8,975)

 

Greenhills Restorations Ltd

(Registration number: 04638680)
Balance Sheet
31 January 2024

For the financial 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.

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 their 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 23 October 2024
 

.........................................
A R Plescia-Greenhill
Director

 

Greenhills Restorations Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1a
Old Airfield Farm
Moreton Valence
Gloucester
Gloucestershire
GL2 7NG

These financial statements were authorised for issue by the director on 23 October 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.

Going concern

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

The company has net liabilities amounting to £17,069 (2023 £8,975) at the balance sheet date. The directors see no reason that the company will note continue to trade as a going concern. The company has the full support of the directors and lenders.

 

Greenhills Restorations Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line 25%

Motor vehicles

Reducing balance 25%

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Greenhills Restorations Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 February 2023

22,028

495

At 31 January 2024

22,028

495

Depreciation

At 1 February 2023

18,460

474

Charge for the year

1,610

5

At 31 January 2024

20,070

479

Carrying amount

At 31 January 2024

1,958

16

At 31 January 2023

3,568

21

5

Debtors

2024
£

2023
£

Trade debtors

5,043

5,245

Other debtors

473

473

Prepayments

849

2,129

6,365

7,847

 

Greenhills Restorations Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

27

27

Accruals and deferred income

2,567

2,480

Other creditors

26,975

23,222

29,569

25,729

7

Obligations under leases and hire purchase contracts

Operating leases

The amount of non-cancellable operating lease payments recognised as an expense during the year was £12,120 (2023 - £12,800).