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REGISTERED NUMBER: 07076022 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Greenlight Engineering Limited

Greenlight Engineering Limited (Registered number: 07076022)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Greenlight Engineering Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr M Anderson
Mr L Anderson





REGISTERED OFFICE: Unit 14 14 Watermill Way
London
SW19 2RD





REGISTERED NUMBER: 07076022 (England and Wales)





ACCOUNTANTS: ansteybond
1 Charterhouse Mews
London
EC1M 6BB

Greenlight Engineering Limited (Registered number: 07076022)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,739 62,052
Investment property 6 143,547 123,547
157,286 185,599

CURRENT ASSETS
Stocks 307,282 909,030
Debtors 7 1,125,726 1,335,286
Cash at bank 292,957 9,807
1,725,965 2,254,123
CREDITORS
Amounts falling due within one year 8 (723,886 ) (1,069,204 )
NET CURRENT ASSETS 1,002,079 1,184,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,159,365

1,370,518

CREDITORS
Amounts falling due after more than one
year

9

(537,624

)

(1,070,689

)
NET ASSETS 621,741 299,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 621,641 299,729
SHAREHOLDERS' FUNDS 621,741 299,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Greenlight Engineering Limited (Registered number: 07076022)

Balance Sheet - continued
31 December 2023


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 1 November 2024 and were signed on its behalf by:





Mr L Anderson - Director


Greenlight Engineering Limited (Registered number: 07076022)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Greenlight Engineering 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Buildings - Over 50 years

Leasehold Land and Buildings - Over the lease term

Fixed Assets - Over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Greenlight Engineering Limited (Registered number: 07076022)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,500
AMORTISATION
At 1 January 2023
and 31 December 2023 1,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Greenlight Engineering Limited (Registered number: 07076022)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 225,114
Additions 12,084
At 31 December 2023 237,198
DEPRECIATION
At 1 January 2023 163,062
Charge for year 60,397
At 31 December 2023 223,459
NET BOOK VALUE
At 31 December 2023 13,739
At 31 December 2022 62,052

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 123,547
Additions 20,000
At 31 December 2023 143,547
NET BOOK VALUE
At 31 December 2023 143,547
At 31 December 2022 123,547

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 428,866 980,410
Amounts owed by group undertakings 370,279 -
Other debtors 322,241 354,876
1,121,386 1,335,286

Amounts falling due after more than one year:
Other debtors 4,340 -

Aggregate amounts 1,125,726 1,335,286

Greenlight Engineering Limited (Registered number: 07076022)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 84,259 -
Trade creditors 27,188 790,545
Amounts owed to group undertakings 14,876 -
Taxation and social security 377,151 131,790
Other creditors 220,412 146,869
723,886 1,069,204

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 25,926 -
Taxation and social security 511,698 954,023
Other creditors - 116,666
537,624 1,070,689

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other creditors, is an amount of £14,328 (2022: nil) owed from the company to Greenlight Facility Management, a company by association.

At the balance sheet date, included within other debtors, is an amount of £12,503 (2022: nil) owed to the company from Greenlight Renewable Energy, a company by association.

At the balance sheet date, included within other debtors, is an amount of £40,515 (2022: nil) owed to the company from Greenlight Facility Management, a company by association.

The Ultimate Parent company is Greenlight Engineering Group Limited, company number 14233141.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Greenlight Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greenlight Engineering Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Greenlight Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenlight Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Greenlight Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greenlight Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Greenlight Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greenlight Engineering Limited. You consider that Greenlight Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greenlight Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ansteybond
1 Charterhouse Mews
London
EC1M 6BB


1 November 2024