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REGISTERED NUMBER: 13843198 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GREEN LEAF ENGINEERING LTD

GREEN LEAF ENGINEERING LTD (REGISTERED NUMBER: 13843198)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


GREEN LEAF ENGINEERING LTD (REGISTERED NUMBER: 13843198)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 44,539 46,363

CURRENT ASSETS
Stocks 71,679 89,957
Debtors 1,438,086 268,634
Cash at bank 521,786 972,835
2,031,551 1,331,426
CREDITORS
Amounts falling due within one year 1,787,485 1,151,185
NET CURRENT ASSETS 244,066 180,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,605

226,604

CREDITORS
Amounts falling due after more than one
year

(17,274

)

(30,188

)

PROVISIONS FOR LIABILITIES (6,939 ) (6,433 )
NET ASSETS 264,392 189,983

CAPITAL AND RESERVES
Called up share capital 123 123
Retained earnings 264,269 189,860
264,392 189,983

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

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

GREEN LEAF ENGINEERING LTD (REGISTERED NUMBER: 13843198)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




Mr. D. Burns - Director Mr. L. Peachey - Director




Mr. A. Smith - Director


GREEN LEAF ENGINEERING LTD (REGISTERED NUMBER: 13843198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Green Leaf Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13843198

Registered office: The Arrow
Fifth Avenue
Team Valley Trading Estate
Gateshead
NE11 0NG

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 represents amounts receivable on contracts by reference to the stage of completion, excluding discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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

For long term contracts, where the outcome can be assessed with reasonable certainty, revenue, costs and profit are recognised as contract activity progresses by reference to the stage of completion of each contract. The stage of completion of a contract is measured by comparing the costs incurred to date with the total expected costs, reflective of both materials and labour content and having regard to the project managers' assessment of the physical stage of completion. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised in the profit and loss account in the year in which it is first foreseen.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GREEN LEAF ENGINEERING LTD (REGISTERED NUMBER: 13843198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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 13 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2023 47,819
Additions 9,413
At 31 March 2024 57,232
DEPRECIATION
At 1 April 2023 1,456
Charge for year 11,237
At 31 March 2024 12,693
NET BOOK VALUE
At 31 March 2024 44,539
At 31 March 2023 46,363

5. OTHER FINANCIAL COMMITMENTS

Operating lease commitments at the balance sheet date total £200,958 (2023: £88,640).

GREEN LEAF ENGINEERING LTD (REGISTERED NUMBER: 13843198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. RELATED PARTY DISCLOSURES

The directors of this company are also directors of Green Leaf Distribution Limited.

During the year, the company purchased goods from Green Leaf Distribution Limited in the sum of £247,803 (2023: £Nil), which is considered to be concluded under normal market conditions. The balance outstanding at the year end related to these purchases was £96,662 (2023: £Nil).

In addition, an interest free loan was provided to Green Leaf Distribution Limited. The balance outstanding at the year end was £16,814 (2023: £Nil).

7. POST BALANCE SHEET EVENTS

Dividends of £448.53 per share on the 102 Ordinary 'A' shares were declared on 30 April 2024 and 31 July 2024. Dividends of £2,142.86 per share on the 21 Ordinary 'B' shares were declared on 30 August 2024.