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REGISTERED NUMBER: SC620302 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Greensteam Valeting Ltd

Greensteam Valeting Ltd (Registered number: SC620302)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greensteam Valeting Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: T J Nicoll
K Nicoll





REGISTERED OFFICE: Unit 1
Mill Road Industrial Estate
Linlithgow Bridge
Linlithgow
EH49 7TP





REGISTERED NUMBER: SC620302 (Scotland)





ACCOUNTANTS: Norman Foster Accountancy Services
78 Carronshore Road
Carron
Falkirk
FK2 8EE

Greensteam Valeting Ltd (Registered number: SC620302)

Balance Sheet
29 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 12,407

CURRENT ASSETS
Stocks 1,150
Cash at bank and in hand 1,724
2,874
CREDITORS
Amounts falling due within one year 5 84,684
NET CURRENT LIABILITIES (81,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,403

)

CREDITORS
Amounts falling due after more than
one year

6

6,951
NET LIABILITIES (76,354 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (76,356 )
SHAREHOLDERS' FUNDS (76,354 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Greensteam Valeting Ltd (Registered number: SC620302)

Balance Sheet - continued
29 February 2024


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 29 October 2024 and were signed on its behalf by:




T J Nicoll - Director



K Nicoll - Director


Greensteam Valeting Ltd (Registered number: SC620302)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Greensteam Valeting Ltd is a private company, limited by shares , registered in Scotland. 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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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

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 1 .

Greensteam Valeting Ltd (Registered number: SC620302)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 51,876
Additions 122
At 29 February 2024 51,998
DEPRECIATION
At 1 March 2023 35,378
Charge for year 4,213
At 29 February 2024 39,591
NET BOOK VALUE
At 29 February 2024 12,407
At 28 February 2023 16,498

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 2,500
Trade creditors 514
Taxation and social security 510
Other creditors 81,160
84,684

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 6,951