Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 29 November 2023 29 November 2023 08337980 Mr N I Green iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08337980 2022-11-30 08337980 2023-11-29 08337980 2022-12-01 2023-11-29 08337980 frs-core:CurrentFinancialInstruments 2023-11-29 08337980 frs-core:Non-currentFinancialInstruments 2023-11-29 08337980 frs-core:BetweenOneFiveYears 2023-11-29 08337980 frs-core:FurnitureFittings 2023-11-29 08337980 frs-core:FurnitureFittings 2022-12-01 2023-11-29 08337980 frs-core:FurnitureFittings 2022-11-30 08337980 frs-core:PlantMachinery 2023-11-29 08337980 frs-core:PlantMachinery 2022-12-01 2023-11-29 08337980 frs-core:PlantMachinery 2022-11-30 08337980 frs-core:WithinOneYear 2023-11-29 08337980 frs-core:ShareCapital 2023-11-29 08337980 frs-core:RetainedEarningsAccumulatedLosses 2023-11-29 08337980 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-29 08337980 frs-bus:FilletedAccounts 2022-12-01 2023-11-29 08337980 frs-bus:SmallEntities 2022-12-01 2023-11-29 08337980 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-29 08337980 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-29 08337980 frs-core:DeferredTaxation 2022-12-01 2023-11-29 08337980 frs-core:DeferredTaxation 2023-11-29 08337980 frs-bus:Director1 2022-12-01 2023-11-29 08337980 frs-bus:Director1 2022-11-30 08337980 frs-bus:Director1 2023-11-29 08337980 frs-countries:EnglandWales 2022-12-01 2023-11-29 08337980 2021-11-30 08337980 2022-11-30 08337980 2021-12-01 2022-11-30 08337980 frs-core:CurrentFinancialInstruments 2022-11-30 08337980 frs-core:Non-currentFinancialInstruments 2022-11-30 08337980 frs-core:BetweenOneFiveYears 2022-11-30 08337980 frs-core:PlantMachinery 2021-12-01 2022-11-30 08337980 frs-core:WithinOneYear 2022-11-30 08337980 frs-core:ShareCapital 2022-11-30 08337980 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08337980
Greens Haulage & Plant Limited
Unaudited Financial Statements
For The Year Ended 29 November 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08337980
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,276,881 674,597
1,276,881 674,597
CURRENT ASSETS
Debtors 5 669,462 561,968
Cash at bank and in hand 165,865 156,616
835,327 718,584
Creditors: Amounts Falling Due Within One Year 6 (513,655 ) (356,536 )
NET CURRENT ASSETS (LIABILITIES) 321,672 362,048
TOTAL ASSETS LESS CURRENT LIABILITIES 1,598,553 1,036,645
Creditors: Amounts Falling Due After More Than One Year 7 (46,924 ) (111,328 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (242,607 ) -
NET ASSETS 1,309,022 925,317
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 1,308,922 925,217
SHAREHOLDERS' FUNDS 1,309,022 925,317
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For the year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr N I Green
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Greens Haulage & Plant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08337980 . The registered office is The Elms Sutton Lane, Broughton Astley, Leicester, LE9 6QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance method
Fixtures & Fittings 20% reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.5. Financial Instruments
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 937,120 - 937,120
Additions 804,643 24,744 829,387
As at 29 November 2023 1,741,763 24,744 1,766,507
Depreciation
As at 1 December 2022 262,523 - 262,523
Provided during the period 222,154 4,949 227,103
As at 29 November 2023 484,677 4,949 489,626
Net Book Value
As at 29 November 2023 1,257,086 19,795 1,276,881
As at 1 December 2022 674,597 - 674,597
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Plant & Machinery 619,040 512,282
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 650,864 244,650
Other debtors 18,598 317,318
669,462 561,968
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 142,367 124,450
Trade creditors 67,742 23,314
Other creditors 99,427 176,486
Taxation and social security 204,119 32,286
513,655 356,536
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 46,924 111,328
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 142,367 124,450
Later than one year and not later than five years 46,924 111,328
189,291 235,778
189,291 235,778
9. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 242,607 242,607
Balance at 29 November 2023 242,607 242,607
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 29 November 2023
£ £ £ £ £
Mr Nigel Green (20,000 ) 364,276 260,212 - 84,067
The above loan is unsecured and repayable on demand where interest is charged at 2.25%.
12. Related Party Transactions
Within other debtors there is a balance outstanding from N Green Developments Limited of £10,000 in which Mr N I Green is a director and shareholder of.
Within other creditors there is a balance outstanding to R I & N I Services Limited of £152,891 in which Mr N I Green is a director and shareholder of.
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