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REGISTERED NUMBER: 00874626 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

M.J. Green (Navenby) Limited

M.J. Green (Navenby) Limited (Registered number: 00874626)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.J. Green (Navenby) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I Cockhill
Mrs K Cockhill





SECRETARY: Mrs K Cockhill





REGISTERED OFFICE: Highfields
High Dyke
Navenby
Lincoln
Lincolnshire
LN5 0BQ





REGISTERED NUMBER: 00874626 (England and Wales)





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

M.J. Green (Navenby) Limited (Registered number: 00874626)

Balance Sheet
30 April 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
275,505 Tangible assets 4 274,506

CURRENT ASSETS
21,738 Stocks 51,282
14,466 Debtors 5 24,663
591 Cash at bank and in hand 635
36,795 76,580
CREDITORS
259,316 Amounts falling due within one year 6 304,848
(222,521 ) NET CURRENT LIABILITIES (228,268 )
52,984 TOTAL ASSETS LESS CURRENT LIABILITIES 46,238

CREDITORS
23,402 Amounts falling due after more than one
year

7

11,306
29,582 NET ASSETS 34,932

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
28,582 Retained earnings 33,932
29,582 34,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

M.J. Green (Navenby) Limited (Registered number: 00874626)

Balance Sheet - continued
30 April 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 21 January 2025 and were signed on its behalf by:





I Cockhill - Director


M.J. Green (Navenby) Limited (Registered number: 00874626)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

M.J. Green (Navenby) Limited 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

M.J. Green (Navenby) Limited (Registered number: 00874626)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST OR VALUATION
At 1 May 2023 344,155 267,092 77,063
Additions 773 - 773
Disposals (495 ) - (495 )
At 30 April 2024 344,433 267,092 77,341
DEPRECIATION
At 1 May 2023 68,650 - 68,650
Charge for year 1,619 - 1,619
Eliminated on disposal (342 ) - (342 )
At 30 April 2024 69,927 - 69,927
NET BOOK VALUE
At 30 April 2024 274,506 267,092 7,414
At 30 April 2023 275,505 267,092 8,413

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 112,255 - 112,255
Cost 154,837 77,341 232,178
267,092 77,341 344,433

M.J. Green (Navenby) Limited (Registered number: 00874626)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

If Freehold land and property had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 154,837 154,837

Freehold land and buildings were valued on an open market basis on 30 March 2010 by Humberts Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 15,992 901
Amounts recoverable on contract 8,012 12,926
Other debtors 659 639
24,663 14,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 54,788 45,483
Trade creditors 25,929 23,123
Taxation and social security 50,312 29,540
Other creditors 173,819 161,170
304,848 259,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,306 23,402

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 44,563 26,596
Bank loans 21,531 42,289
66,094 68,885