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REGISTERED NUMBER: SC378288 (Scotland)















Financial Statements for the Year Ended 31 May 2024

for

Greenerleaf Estate Maintenance Ltd

Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenerleaf Estate Maintenance Ltd

Company Information
for the Year Ended 31 May 2024







Director: B Monaghan





Registered office: 355/357 Bank Street
Coatbridge
ML5 1EJ





Registered number: SC378288 (Scotland)





Accountant: Audrey Wolfson
10 Southern Avenue
Glasgow
G73 4JN

Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 445,249 355,353
Investment property 6 714,912 568,136
1,160,161 923,489

CURRENT ASSETS
Stocks 194,303 150,763
Debtors 7 1,252,089 1,735,093
Cash at bank and in hand 1,001,694 368,726
2,448,086 2,254,582
CREDITORS
Amounts falling due within one year 8 513,391 429,076
NET CURRENT ASSETS 1,934,695 1,825,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,094,856

2,748,995

PROVISIONS FOR LIABILITIES 111,313 71,071
NET ASSETS 2,983,543 2,677,924

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,983,443 2,677,824
SHAREHOLDERS' FUNDS 2,983,543 2,677,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)

Balance Sheet - continued
31 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 director and authorised for issue on 10 January 2025 and were signed by:





B Monaghan - Director


Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Greenerleaf Estate Maintenance Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of financial information in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The directors have identified the following area which give rise to estimation uncertainty:

Estimated useful lives and residual values of fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and any residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Turnover
Turnover arises from amounts charged for the provision of services net of Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost, 20% on reducing balance and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Work in progress
Work in progress is all current and is based on the income earned to date on jobs that have been carried out but not invoiced at the year end.

Financial instruments
Trade debtors, trade creditors, overdrafts and private loans to the company are classified as financial instruments.

All of these balances are measured at the undiscounted amount of the cash or other consideration expected to be received or paid.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2023 - 61 ) .

Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 20,000
AMORTISATION
At 1 June 2023
and 31 May 2024 20,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 526,942
Additions 391,090
Disposals (209,660 )
At 31 May 2024 708,372
DEPRECIATION
At 1 June 2023 171,589
Charge for year 128,023
Eliminated on disposal (36,489 )
At 31 May 2024 263,123
NET BOOK VALUE
At 31 May 2024 445,249
At 31 May 2023 355,353

Greenerleaf Estate Maintenance Ltd (Registered number: SC378288)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 568,136
Additions 146,776
At 31 May 2024 714,912
NET BOOK VALUE
At 31 May 2024 714,912
At 31 May 2023 568,136

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 641,695 669,688
Other debtors 610,394 1,065,405
1,252,089 1,735,093

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 43,653 89,498
Taxation and social security 343,625 208,607
Other creditors 126,113 130,971
513,391 429,076