REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GREEN LEAF ENGINEERING LTD |
REGISTERED NUMBER: |
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 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
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 |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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. |