Registered number
08552682
Greenbuild Management Services Limited
Unaudited Filleted Accounts
30 June 2024
Greenbuild Management Services Limited
Registered number: 08552682
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,632 6,353
Current assets
Debtors 5 83,952 71,689
Cash at bank and in hand 150,531 156,059
234,483 227,748
Creditors: amounts falling due within one year 6 (243,903) (109,596)
Net current (liabilities)/assets (9,420) 118,152
Total assets less current liabilities (4,788) 124,505
Creditors: amounts falling due after more than one year 7 (20,000) (30,000)
Net (liabilities)/assets (24,788) 94,505
Capital and reserves
Called up share capital 24 65
Capital Redemption Reserve 78 37
Transfer to capital redemption reserve (150,001) (29,010)
Profit and loss account 125,111 123,413
Shareholders' funds (24,788) 94,505
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Williams
Director
Approved by the board on 3 February 2025
Greenbuild Management Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Going concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 13,146
At 30 June 2024 13,146
Depreciation
At 1 July 2023 6,793
Charge for the year 1,721
At 30 June 2024 8,514
Net book value
At 30 June 2024 4,632
At 30 June 2023 6,353
5 Debtors 2024 2023
£ £
Trade debtors 73,852 61,589
Other debtors 10,100 10,100
83,952 71,689
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 910 1,634
Trade creditors 221,298 88,606
Taxation and social security costs 42,871 40,556
Other creditors (21,176) (21,200)
243,903 109,596
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,000 30,000
8 Other information
Greenbuild Management Services Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 19 Mardon Park
Central Avenue
Baglan Energy Park
Port Talbot
SA12 7AX
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