Registered number
07228911
Greenney Limited
Filleted Accounts
30 April 2024
Greenney Limited
Registered number: 07228911
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,875 3,750
Current assets
Debtors 4 15,322 8,384
Cash at bank and in hand 3,108 2,563
18,430 10,947
Creditors: amounts falling due within one year 5 (17,068) (9,152)
Net current assets 1,362 1,795
Total assets less current liabilities 3,237 5,545
Creditors: amounts falling due after more than one year 6 (3,000) (5,200)
Net assets 237 345
Capital and reserves
Called up share capital 1 1
Profit and loss account 236 344
Shareholder's funds 237 345
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.
Mr F A Greeney
Director
Approved by the board on 23 October 2024
Greenney Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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 evenly over its expected useful life, as follows:
Motor vehicle over 4 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 7,500
At 30 April 2024 7,500
Depreciation
At 1 May 2023 3,750
Charge for the year 1,875
At 30 April 2024 5,625
Net book value
At 30 April 2024 1,875
At 30 April 2023 3,750
4 Debtors 2024 2023
£ £
Other debtors 15,322 8,384
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,400 2,400
Taxation and social security costs 13,899 5,989
Other creditors 769 763
17,068 9,152
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,000 5,200
7 Other information
Greenney Limited is a private company limited by shares and incorporated in England. Its registered office is:
84 Deerfold
Astley Village
Chorley
Lancashire
PR7 1UH
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