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REGISTERED NUMBER: 04104521 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GREENSTIK LIMITED

GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENSTIK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: G T Dunn
S C Cliffe
B E Gregory





SECRETARY: G T Dunn





REGISTERED OFFICE: Unit 9
Lancaster Road
Carnaby Industrial Estate
Bridlington
East Yorkshire
YO15 3QY





REGISTERED NUMBER: 04104521 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,817 197,530

CURRENT ASSETS
Stocks 347,191 461,383
Debtors 5 1,984,452 1,981,293
Cash at bank and in hand 39,511 66,409
2,371,154 2,509,085
CREDITORS
Amounts falling due within one year 6 1,084,374 1,237,560
NET CURRENT ASSETS 1,286,780 1,271,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,475,597

1,469,055

CREDITORS
Amounts falling due after more than one
year

7

(28,362

)

(24,167

)

PROVISIONS FOR LIABILITIES (15,754 ) (13,937 )
NET ASSETS 1,431,481 1,430,951

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,431,381 1,430,851
SHAREHOLDERS' FUNDS 1,431,481 1,430,951

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

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

GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





G T Dunn - Director


GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)

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

1. STATUTORY INFORMATION

Greenstik 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from the sale of label stock products, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on supply of the goods.

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.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees.

All contributions payable for the year are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 458,168
Additions 17,806
At 30 June 2024 475,974
DEPRECIATION
At 1 July 2023 260,638
Charge for year 26,519
At 30 June 2024 287,157
NET BOOK VALUE
At 30 June 2024 188,817
At 30 June 2023 197,530

The net book value of tangible fixed assets includes £ 12,992 in respect of assets held under hire purchase contracts.

GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)

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

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 532,651 503,750
Amounts owed by associates 90,723 112,250
Other debtors 33,330 37,545
656,704 653,545

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,327,748 1,327,748

Aggregate amounts 1,984,452 1,981,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,764 -
Trade creditors 592,879 666,882
Taxation and social security 86,035 72,263
Other creditors 392,696 488,415
1,084,374 1,237,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 14,195 -
28,362 24,167

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 16,959 -
Factoring account 351,062 422,593
368,021 422,593

GREENSTIK LIMITED (REGISTERED NUMBER: 04104521)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
B E Gregory
Balance outstanding at start of year 34,400 -
Amounts advanced - 35,000
Amounts repaid (2,500 ) (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,900 34,400

11. RELATED PARTY DISCLOSURES

During the year, loan balances existed with Greenstik Materials Limited, a company under common control. As at 30 June 2024, the aggregate outstanding balance on these loans, which is included in debtors, was £90,723 (2023: £112,250).

The company occupies premises owned by the Greenstik Limited Small Self-Administered Pension Plan, a pension scheme in which G T Dunn and S C Cliffe are trustees and members. During the year rent of £85,200 (2023: £80,850) was paid in respect of these premises.

During the year, the company paid management charges totalling £80,000 (2023: £120,000) to Insignia Label Solutions Limited, a company controlled by S C Cliffe.