Registered number
10580703
Greenway Integrated Pest Management Limited
Unaudited Filleted Accounts
31 March 2024
Greenway Integrated Pest Management Limited
Registered number: 10580703
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,947 19,616
Current assets
Debtors 4 4,153 2,828
Cash at bank and in hand 43,679 13,205
49,832 16,033
Creditors: amounts falling due within one year 5 (23,916) (22,389)
Net current assets/(liabilities) 25,916 (6,356)
Total assets less current liabilities 41,863 13,260
Creditors: amounts falling due after more than one year 6 (1,827) (4,890)
Provisions for liabilities (3,031) (3,728)
Net assets 37,005 4,642
Capital and reserves
Called up share capital 1 1
Profit and loss account 37,004 4,641
Shareholder's funds 37,005 4,642
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Hancock
Director
Approved by the board on 28 November 2024
Greenway Integrated Pest Management Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Motor vehicles 25% using the reducing balance method.
Equipment 25% using the reducing balance method.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 21,078 20,975 42,053
Additions 1,646 - 1,646
At 31 March 2024 22,724 20,975 43,699
Depreciation
At 1 April 2023 13,261 9,176 22,437
Charge for the year 2,366 2,949 5,315
At 31 March 2024 15,627 12,125 27,752
Net book value
At 31 March 2024 7,097 8,850 15,947
At 31 March 2023 7,817 11,799 19,616
4 Debtors 2024 2023
£ £
Other debtors and prepayments 4,153 2,828
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,968 5,968
Taxation and social security costs 10,734 10,229
Other creditors and accruals 7,214 6,192
23,916 22,389
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,827 4,890
7 Related party transactions
During the year, the company made loans totalling £1,000 (2023: £nil) to a company under the control of the director. The loan is repayable on demand and the rate of interest charged is 0%. At the balance sheet date £1,000 was still outstanding (2023: £nil) and is presented within creditors: amounts falling due within one year.
8 Other information
Greenway Integrated Pest Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
213 South Sherburn
Rowlands Gill
Tyne and Wear
NE39 1LE
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