Company registration number 09810779 (England and Wales)
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
COMPANY INFORMATION
- 1 -
Directors
H J Duncan
F R Storhaug
L M Grizzell
Mr R J Hatfield
Company number
09810779
Registered office
30 - 31 St James Place
Mangotsfield
Bristol
South Glos.
United Kingdom
BS16 9JB
Accountants
TC Group
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
77,033
93,705
Current assets
Debtors
5
235,441
518,077
Cash at bank and in hand
607,498
602,915
842,939
1,120,992
Creditors: amounts falling due within one year
6
(176,939)
(409,099)
Net current assets
666,000
711,893
Total assets less current liabilities
743,033
805,598
Provisions for liabilities
(19,251)
(17,804)
Net assets
723,782
787,794
Capital and reserves
Called up share capital
60
60
Profit and loss reserves
723,722
787,734
Total equity
723,782
787,794

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 8 November 2024 and are signed on its behalf by:
L M Grizzell
Mr R J Hatfield
Director
Director
Company Registration No. 09810779
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Greenheart Sustainable Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 - 31 St James Place, Mangotsfield, Bristol, South Glos., United Kingdom, BS16 9JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Plant and equipment
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the 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.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense in the period which they relate.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
6
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
68,049
6,239
61,088
135,376
Additions
2,428
5,572
-
0
8,000
At 31 March 2024
70,477
11,811
61,088
143,376
Depreciation and impairment
At 1 April 2023
24,070
2,570
15,030
41,670
Depreciation charged in the year
11,337
1,821
11,515
24,673
At 31 March 2024
35,407
4,391
26,545
66,343
Carrying amount
At 31 March 2024
35,070
7,420
34,543
77,033
At 31 March 2023
43,979
3,668
46,058
93,705
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
206,193
504,139
Other debtors
29,248
13,938
235,441
518,077
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
23,535
105,597
Taxation and social security
114,038
241,758
Other creditors
39,366
61,744
176,939
409,099
7
Directors' transactions
GREENHEART SUSTAINABLE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7
Directors' transactions
(Continued)
- 7 -

 

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
H J Duncan - Directors' loan
-
2,634
(2,015)
619
2,634
(2,015)
619

The outstanding loan balance was repaid within 9 months of the year end.

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