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REGISTERED NUMBER: 09770667 (England and Wales)















GREEN & CO (SALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


GREEN & CO (SALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C D Green
P J Ivens
L Watkeys





REGISTERED OFFICE: 4 Parkside Court
Greenhough Road
Lichfield
Staffordhsire
WS13 7FE





REGISTERED NUMBER: 09770667 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 36,540 54,810
Tangible assets 6 112,844 137,975
149,384 192,785

CURRENT ASSETS
Stocks 12,237 11,414
Debtors 7 671,209 498,695
Cash in hand 697 661
684,143 510,770
CREDITORS
Amounts falling due within one year 8 1,033,052 839,305
NET CURRENT LIABILITIES (348,909 ) (328,535 )
TOTAL ASSETS LESS CURRENT LIABILITIES (199,525 ) (135,750 )

CREDITORS
Amounts falling due after more than one year 9 (2,466 ) (17,260 )

PROVISIONS FOR LIABILITIES (21,440 ) (24,640 )
NET LIABILITIES (223,431 ) (177,650 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (223,531 ) (177,750 )
SHAREHOLDERS' FUNDS (223,431 ) (177,650 )

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.

GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

STATEMENT OF FINANCIAL POSITION - 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 27 January 2025 and were signed on its behalf by:




C D Green - Director



P J Ivens - Director


GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Green & Co (Sales) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost

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 statement of financial position date.


GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 44 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 182,700
AMORTISATION
At 1 May 2023 127,890
Charge for year 18,270
At 30 April 2024 146,160
NET BOOK VALUE
At 30 April 2024 36,540
At 30 April 2023 54,810

GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 265,281
Additions 1,475
At 30 April 2024 266,756
DEPRECIATION
At 1 May 2023 127,306
Charge for year 26,606
At 30 April 2024 153,912
NET BOOK VALUE
At 30 April 2024 112,844
At 30 April 2023 137,975

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

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 53,017
DEPRECIATION
At 1 May 2023 15,905
Charge for year 5,302
At 30 April 2024 21,207
NET BOOK VALUE
At 30 April 2024 31,810
At 30 April 2023 37,112

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,476 67,901
Amounts owed by group undertakings 600,613 416,733
Other debtors 15,120 14,061
671,209 498,695

GREEN & CO (SALES) LIMITED (REGISTERED NUMBER: 09770667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 193,514 165,578
Hire purchase contracts 14,794 14,794
Trade creditors 34,374 27,281
Amounts owed to group undertakings 607,807 474,528
Taxation and social security 115,498 85,126
Other creditors 67,065 71,998
1,033,052 839,305

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,466 17,260