16 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09396027 2023-02-01 2024-01-31 09396027 2024-01-31 09396027 2023-01-31 09396027 2022-02-01 2023-01-31 09396027 2023-01-31 09396027 2022-01-31 09396027 core:PlantMachinery 2023-02-01 2024-01-31 09396027 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09396027 core:MotorVehicles 2023-02-01 2024-01-31 09396027 core:OnerousContractsExcludingVacantProperties 2023-02-01 2024-01-31 09396027 bus:RegisteredOffice 2023-02-01 2024-01-31 09396027 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 09396027 bus:Director1 2023-02-01 2024-01-31 09396027 core:PlantMachinery 2023-01-31 09396027 core:FurnitureFittingsToolsEquipment 2023-01-31 09396027 core:MotorVehicles 2023-01-31 09396027 core:PlantMachinery 2024-01-31 09396027 core:FurnitureFittingsToolsEquipment 2024-01-31 09396027 core:MotorVehicles 2024-01-31 09396027 core:WithinOneYear 2024-01-31 09396027 core:WithinOneYear 2023-01-31 09396027 core:ShareCapital 2024-01-31 09396027 core:ShareCapital 2023-01-31 09396027 core:RetainedEarningsAccumulatedLosses 2024-01-31 09396027 core:RetainedEarningsAccumulatedLosses 2023-01-31 09396027 core:PlantMachinery 2023-01-31 09396027 core:FurnitureFittingsToolsEquipment 2023-01-31 09396027 core:MotorVehicles 2023-01-31 09396027 bus:Director1 2023-01-31 09396027 bus:Director1 2024-01-31 09396027 bus:Director1 2022-01-31 09396027 bus:Director1 2023-01-31 09396027 bus:Director1 2022-02-01 2023-01-31 09396027 bus:SmallEntities 2023-02-01 2024-01-31 09396027 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09396027 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09396027 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09396027 bus:FullAccounts 2023-02-01 2024-01-31 09396027 core:ComputerEquipment 2023-02-01 2024-01-31 09396027 core:ComputerEquipment 2023-01-31 09396027 core:ComputerEquipment 2024-01-31
Company registration number: 09396027
Greenside Up Limited
Unaudited filleted financial statements
31 January 2024
Greenside Up Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Greenside Up Limited
Directors and other information
Director M Beaumont
Company number 09396027
Registered office 10 Cliff Parade
Wakefield
West Yorkshire
WF1 2TA
Accountants Streets Andrew Wright
10 Cliff Parade
Wakefield
West Yorkshire
WF1 2TA
Greenside Up Limited
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 87,209 76,605
_______ _______
87,209 76,605
Current assets
Stocks 312,000 325,000
Debtors 6 11,081 1,679
Cash at bank and in hand 507,282 346,310
_______ _______
830,363 672,989
Creditors: amounts falling due
within one year 7 ( 243,205) ( 172,717)
_______ _______
Net current assets 587,158 500,272
_______ _______
Total assets less current liabilities 674,367 576,877
_______ _______
Net assets 674,367 576,877
_______ _______
Capital and reserves
Called up share capital 50 50
Profit and loss account 674,317 576,827
_______ _______
Shareholders funds 674,367 576,877
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 October 2024 , and are signed on behalf of the board by:
M Beaumont
Director
Company registration number: 09396027
Greenside Up Limited
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 10 Cliff Parade, Wakefield, West Yorkshire, WF1 2TA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Computer and Office Equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2023: 16 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Computer Total
£ £ £ £ £
Cost
At 1 February 2023 17,158 87,845 47,152 958 153,113
Additions - 6,004 62,938 - 68,942
Disposals - - ( 47,152) - ( 47,152)
_______ _______ _______ _______ _______
At 31 January 2024 17,158 93,849 62,938 958 174,903
_______ _______ _______ _______ _______
Depreciation
At 1 February 2023 12,096 52,105 11,788 519 76,508
Charge for the year 759 6,262 15,734 219 22,974
Disposals - - ( 11,788) - ( 11,788)
_______ _______ _______ _______ _______
At 31 January 2024 12,855 58,367 15,734 738 87,694
_______ _______ _______ _______ _______
Carrying amount
At 31 January 2024 4,303 35,482 47,204 220 87,209
_______ _______ _______ _______ _______
At 31 January 2023 5,062 35,740 35,364 439 76,605
_______ _______ _______ _______ _______
6. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 8,560 -
Other debtors 2,521 1,679
_______ _______
11,081 1,679
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 17,202
Trade creditors 89,157 77,346
Corporation tax 42,164 39,377
Social security and other taxes 44,336 26,388
Other creditors 67,548 12,404
_______ _______
243,205 172,717
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
M Beaumont ( 9,740) ( 32,960) ( 42,700)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
M Beaumont ( 18,223) 8,483 ( 9,740)
_______ _______ _______