Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02402045 Mr Michael Sermon Mr Martin Marriott Mrs Jade Cannon Mrs Elizabeth Marriott Mrs Elizabeth Marriott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02402045 2023-03-31 02402045 2024-03-31 02402045 2023-04-01 2024-03-31 02402045 frs-core:CurrentFinancialInstruments 2024-03-31 02402045 frs-core:ComputerEquipment 2024-03-31 02402045 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02402045 frs-core:ComputerEquipment 2023-03-31 02402045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 02402045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02402045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 02402045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 02402045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02402045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 02402045 frs-core:MotorVehicles 2024-03-31 02402045 frs-core:MotorVehicles 2023-04-01 2024-03-31 02402045 frs-core:MotorVehicles 2023-03-31 02402045 frs-core:PlantMachinery 2024-03-31 02402045 frs-core:PlantMachinery 2023-04-01 2024-03-31 02402045 frs-core:PlantMachinery 2023-03-31 02402045 frs-core:SharePremium 2024-03-31 02402045 frs-core:ShareCapital 2024-03-31 02402045 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02402045 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02402045 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02402045 frs-bus:SmallEntities 2023-04-01 2024-03-31 02402045 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02402045 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02402045 frs-bus:Director1 2023-04-01 2024-03-31 02402045 frs-bus:Director2 2023-04-01 2024-03-31 02402045 frs-bus:Director3 2023-04-01 2024-03-31 02402045 frs-bus:Director4 2023-04-01 2024-03-31 02402045 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02402045 frs-countries:EnglandWales 2023-04-01 2024-03-31 02402045 2022-03-31 02402045 2023-03-31 02402045 2022-04-01 2023-03-31 02402045 frs-core:CurrentFinancialInstruments 2023-03-31 02402045 frs-core:SharePremium 2023-03-31 02402045 frs-core:ShareCapital 2023-03-31 02402045 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02402045
Greenlife Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02402045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 133,909 142,062
133,909 142,062
CURRENT ASSETS
Stocks 5 203,460 222,426
Debtors 6 19,496 17,397
Cash at bank and in hand 817,282 735,782
1,040,238 975,605
Creditors: Amounts Falling Due Within One Year 7 (183,238 ) (157,371 )
NET CURRENT ASSETS (LIABILITIES) 857,000 818,234
TOTAL ASSETS LESS CURRENT LIABILITIES 990,909 960,296
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,368 ) (5,715 )
NET ASSETS 984,541 954,581
CAPITAL AND RESERVES
Called up share capital 8 5,250 5,250
Share premium account 3,750 3,750
Profit and Loss Account 975,541 945,581
SHAREHOLDERS' FUNDS 984,541 954,581
Page 1
Page 2
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.
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 Profit and Loss Account.
On behalf of the board
Mrs Elizabeth Marriott
Director
25/11/2024
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
Greenlife Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02402045 . The registered office is 1-2 Birdwood Court, Market Square High Street, Totnes, Devon, TQ9 5SG.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Improvements to Property 10% Reducing Balance
Leasehold 2% on Cost
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. 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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 37)
34 37
4. Tangible Assets
Land & Property
Improvements to Property Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2023 31,593 120,000 237,598 6,143
Additions - - 2,981 -
As at 31 March 2024 31,593 120,000 240,579 6,143
Depreciation
As at 1 April 2023 24,389 21,600 204,547 5,796
Provided during the period 720 2,400 7,206 86
As at 31 March 2024 25,109 24,000 211,753 5,882
Net Book Value
As at 31 March 2024 6,484 96,000 28,826 261
As at 1 April 2023 7,204 98,400 33,051 347
Computer Equipment Total
£ £
Cost
As at 1 April 2023 41,750 437,084
Additions 428 3,409
As at 31 March 2024 42,178 440,493
Depreciation
As at 1 April 2023 38,690 295,022
Provided during the period 1,150 11,562
As at 31 March 2024 39,840 306,584
Net Book Value
As at 31 March 2024 2,338 133,909
As at 1 April 2023 3,060 142,062
5. Stocks
2024 2023
£ £
Stock 203,460 222,426
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,063 12,063
Other debtors 7,433 5,334
19,496 17,397
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,305 56,736
Other creditors 19,372 18,675
Taxation and social security 109,561 81,960
183,238 157,371
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,250 5,250
9. Related Party Transactions
The company has the following loans from the directors of the company, Mr M A Sermon £694 (2023 £2,694), Mrs E A Marriott £694 (2023 £2,694), Mrs P H Sermon £694 (2023 £2,694), Mr M J Marriott £694 (2023 £2,694).
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