IRIS Accounts Production v24.3.2.46 06906995 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069069952023-05-31069069952024-05-31069069952023-06-012024-05-31069069952022-05-31069069952022-06-012023-05-31069069952023-05-3106906995ns15:EnglandWales2023-06-012024-05-3106906995ns14:PoundSterling2023-06-012024-05-3106906995ns10:Director12023-06-012024-05-3106906995ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106906995ns10:SmallEntities2023-06-012024-05-3106906995ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106906995ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106906995ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106906995ns10:FullAccounts2023-06-012024-05-3106906995ns10:Director22023-06-012024-05-3106906995ns10:RegisteredOffice2023-06-012024-05-3106906995ns5:CurrentFinancialInstruments2024-05-3106906995ns5:CurrentFinancialInstruments2023-05-3106906995ns5:ShareCapital2024-05-3106906995ns5:ShareCapital2023-05-3106906995ns5:RetainedEarningsAccumulatedLosses2024-05-3106906995ns5:RetainedEarningsAccumulatedLosses2023-05-3106906995ns5:PlantMachinery2023-06-012024-05-3106906995ns5:PlantMachinery2023-05-3106906995ns5:PlantMachinery2024-05-3106906995ns5:PlantMachinery2023-05-3106906995ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106906995ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31069069951ns10:Director12023-05-31069069951ns10:Director12022-05-31069069951ns10:Director12023-06-012024-05-31069069951ns10:Director12022-06-012023-05-31069069951ns10:Director12024-05-31069069951ns10:Director12023-05-31
REGISTERED NUMBER: 06906995 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

GREENWOOD GAS SERVICES LTD

GREENWOOD GAS SERVICES LTD (REGISTERED NUMBER: 06906995)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWOOD GAS SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31ST MAY 2024







DIRECTORS: Mr. N A Greenwood
Mrs. S L Greenwood





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
FY8 1HN





REGISTERED NUMBER: 06906995 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

GREENWOOD GAS SERVICES LTD (REGISTERED NUMBER: 06906995)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,841 7,319

CURRENT ASSETS
Stocks 200 200
Debtors 5 2,966 3,940
Cash at bank and in hand 15,132 14,469
18,298 18,609
CREDITORS
Amounts falling due within one year 6 11,388 11,851
NET CURRENT ASSETS 6,910 6,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,751

14,077

PROVISIONS FOR LIABILITIES 1,110 1,391
NET ASSETS 11,641 12,686

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 11,521 12,566
SHAREHOLDERS' FUNDS 11,641 12,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

GREENWOOD GAS SERVICES LTD (REGISTERED NUMBER: 06906995)

BALANCE SHEET - continued
31ST MAY 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 7th January 2025 and were signed on its behalf by:





Mr. N A Greenwood - Director


GREENWOOD GAS SERVICES LTD (REGISTERED NUMBER: 06906995)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024

1. STATUTORY INFORMATION

Greenwood Gas Services Ltd is a private company, limited by shares , registered in England and Wales. 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.

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 - 33% on cost, 20% on cost and 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GREENWOOD GAS SERVICES LTD (REGISTERED NUMBER: 06906995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 19,130
DEPRECIATION
At 1st June 2023 11,811
Charge for year 1,478
At 31st May 2024 13,289
NET BOOK VALUE
At 31st May 2024 5,841
At 31st May 2023 7,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 2,717 3,575
Other debtors 249 365
2,966 3,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 1,023 936
Taxation and social security 9,125 9,264
Other creditors 1,240 1,651
11,388 11,851

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

31/5/24 31/5/23
£    £   
Mr. N A Greenwood
Balance outstanding at start of year (555 ) (778 )
Amounts advanced 39,974 31,235
Amounts repaid (39,512 ) (31,012 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (93 ) (555 )

At the year end the loan account of the directors Mr N Greenwood and Mrs S Greenwood were in credit by £93 (2023: £555). These amounts are included within creditors.

GREENWOOD GAS SERVICES LTD (REGISTERED NUMBER: 06906995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

8. ULTIMATE CONTROLLING PARTY

The directors Mr N A Greenwood and Mrs S L Greenwood jointly control the company and have a 50% share each.