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REGISTERED NUMBER: 08043985 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Greenfield Contractors Ltd

Greenfield Contractors Ltd (Registered number: 08043985)






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


Greenfield Contractors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Z J L Williams





REGISTERED OFFICE: 32 Norbury Road
Cardiff
CF5 3AU





REGISTERED NUMBER: 08043985 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Greenfield Contractors Ltd (Registered number: 08043985)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,644 32,652

CURRENT ASSETS
Stocks 21,387 22,000
Debtors 5 10,740 20,844
Cash at bank and in hand 2,299 65,974
34,426 108,818
CREDITORS
Amounts falling due within one year 6 103,612 120,055
NET CURRENT LIABILITIES (69,186 ) (11,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,458

21,415

CREDITORS
Amounts falling due after more than one
year

7

53,117

18,875
NET (LIABILITIES)/ASSETS (40,659 ) 2,540

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (40,660 ) 2,539
(40,659 ) 2,540

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 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.

Greenfield Contractors Ltd (Registered number: 08043985)

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 director and authorised for issue on 29 January 2025 and were signed by:





Z J L Williams - Director


Greenfield Contractors Ltd (Registered number: 08043985)

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

1. STATUTORY INFORMATION

Greenfield Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Greenfield Contractors Ltd (Registered number: 08043985)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 195,653
Additions 70,500
Disposals (18,000 )
At 30 April 2024 248,153
DEPRECIATION
At 1 May 2023 163,001
Charge for year 21,508
Eliminated on disposal (18,000 )
At 30 April 2024 166,509
NET BOOK VALUE
At 30 April 2024 81,644
At 30 April 2023 32,652

Greenfield Contractors Ltd (Registered number: 08043985)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 70,500
At 30 April 2024 70,500
DEPRECIATION
Charge for year 15,200
At 30 April 2024 15,200
NET BOOK VALUE
At 30 April 2024 55,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,454 20,844
Other debtors 1,286 -
10,740 20,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,425 10,001
Hire purchase contracts 14,108 -
Trade creditors 11,500 11,642
Taxation and social security 7,648 43,283
Other creditors 47,931 55,129
103,612 120,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,832 18,875
Hire purchase contracts 42,285 -
53,117 18,875