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Company Registration No. 11556881 (England and Wales)
Greenfield Removals and Storage Limited Unaudited accounts for the year ended 31 March 2024
Greenfield Removals and Storage Limited Unaudited accounts Contents
Page
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Greenfield Removals and Storage Limited Company Information for the year ended 31 March 2024
Directors
Mrs K E Fulton Mr P Fulton
Company Number
11556881 (England and Wales)
Registered Office
37 Meadowcroft Heswall Wirral CH60 1UT United Kingdom
Accountants
Oakes Accounting Ltd 37 Meadowcroft Heswall Wirral CH60 1UT
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Greenfield Removals and Storage Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,000 
10,000 
Tangible assets
6,532 
8,432 
14,532 
18,432 
Current assets
Debtors
2,256 
2,652 
Cash at bank and in hand
2,689 
766 
4,945 
3,418 
Creditors: amounts falling due within one year
(8,072)
(2,854)
Net current (liabilities)/assets
(3,127)
564 
Total assets less current liabilities
11,405 
18,996 
Creditors: amounts falling due after more than one year
(11,964)
(15,767)
Provisions for liabilities
Deferred tax
(1,864)
(1,864)
Net (liabilities)/assets
(2,423)
1,365 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(2,425)
1,363 
Shareholders' funds
(2,423)
1,365 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Mrs K E Fulton Director Company Registration No. 11556881
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Greenfield Removals and Storage Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Greenfield Removals and Storage Limited is a private company, limited by shares, registered in England and Wales, registration number 11556881. The registered office is 37, Meadowcroft, Heswall, Wirral, CH60 1UT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 subsequently enacted by the balance sheet date.
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Greenfield Removals and Storage Limited Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
20,000 
At 31 March 2024
20,000 
Amortisation
At 1 April 2023
10,000 
Charge for the year
2,000 
At 31 March 2024
12,000 
Net book value
At 31 March 2024
8,000 
At 31 March 2023
10,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
2,057 
15,488 
- 
17,545 
Additions
- 
- 
17 
17 
At 31 March 2024
2,057 
15,488 
17 
17,562 
Depreciation
At 1 April 2023
1,448 
7,665 
- 
9,113 
Charge for the year
411 
1,506 
- 
1,917 
At 31 March 2024
1,859 
9,171 
- 
11,030 
Net book value
At 31 March 2024
198 
6,317 
17 
6,532 
At 31 March 2023
609 
7,823 
- 
8,432 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,256 
2,652 
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Greenfield Removals and Storage Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,959 
1,512 
Trade creditors
147 
165 
Taxes and social security
1,039 
871 
Other creditors
1,796 
306 
Loans from directors
(19)
- 
Accruals
1,150 
- 
8,072 
2,854 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,964 
15,023 
Other creditors
- 
(9)
Taxes and social security
- 
753 
11,964 
15,767 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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