IRIS Accounts Production v24.3.2.46 14447921 director 31.7.24 1.8.23 31.7.24 31.7.24 a holding company. 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144479212023-07-31144479212024-07-31144479212023-08-012024-07-31144479212022-10-26144479212022-10-272023-07-31144479212023-07-3114447921ns15:EnglandWales2023-08-012024-07-3114447921ns14:PoundSterling2023-08-012024-07-3114447921ns10:Director12023-08-012024-07-3114447921ns10:Consolidated2024-07-3114447921ns10:ConsolidatedGroupCompanyAccounts2023-08-012024-07-3114447921ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3114447921ns10:Consolidatedns10:SmallEntities2023-08-012024-07-3114447921ns10:Consolidatedns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3114447921ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3114447921ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3114447921ns10:Consolidatedns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3114447921ns10:Consolidatedns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3114447921ns10:FullAccounts2023-08-012024-07-3114447921ns10:Consolidated2023-08-012024-07-3114447921ns10:RegisteredOffice2023-08-012024-07-3114447921ns10:Director22023-08-012024-07-3114447921ns10:Consolidated2022-10-272023-07-3114447921ns5:CurrentFinancialInstruments2024-07-3114447921ns5:CurrentFinancialInstruments2023-07-3114447921ns5:ShareCapital2024-07-3114447921ns5:ShareCapital2023-07-3114447921ns5:CostValuation2023-07-3114447921ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3114447921ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 14447921 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

GREENSIDE SERVICES LIMITED

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Report of the Director 2

Consolidated Profit and Loss Account 3

Consolidated Balance Sheet 4

Company Balance Sheet 5

Notes to the Consolidated Financial Statements 6


GREENSIDE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr Zee Lichtenstein





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: 14447921 (England and Wales)






GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JULY 2024

The director presents his report with the financial statements of the company and the group for the year ended 31 July 2024.

DIRECTORS
The directors who have held office during the period from 1 August 2023 to the date of this report are as follows:

Mr Zee Lichtenstein - appointed 1 August 2023

Mr Ian Spielman ceased to be a director after 31 July 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Zee Lichtenstein - Director


19 February 2025

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

CONSOLIDATED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024

Period
27.10.22
Year Ended to
31.7.24 31.7.23
Notes £    £   

TURNOVER 954,477 -

Cost of sales (184,870 ) -
GROSS PROFIT 769,607 -

Administrative expenses (545,114 ) -
OPERATING PROFIT 5 224,493 -

Interest receivable and similar income 168 -
PROFIT BEFORE TAXATION 224,661 -

Tax on profit (56,029 ) -
PROFIT FOR THE FINANCIAL YEAR 168,632 -

Profit attributable to:
Owners of the parent 168,632 -

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

CONSOLIDATED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 7 5,213 -
Investments 8 - -
5,213 -

CURRENT ASSETS
Debtors 9 366,094 100
Cash at bank 3,688 -
369,782 100
CREDITORS
Amounts falling due within one year 10 (206,263 ) -
NET CURRENT ASSETS 163,519 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,732

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 168,632 -
168,732 100

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mr Zee Lichtenstein - Director


GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

COMPANY BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 7 - -
Investments 8 100 -
100 -

CURRENT ASSETS
Debtors 9 100 100

CREDITORS
Amounts falling due within one year 10 (100 ) -
NET CURRENT ASSETS - 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

Company's profit for the financial year - -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mr Zee Lichtenstein - Director


GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Greenside Services 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 General 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 preparation
The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions
No cash flow statement has been presented for the company.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and its subsidiary undertaking. These are adjusted, where appropriate, to conform to group accounting policies. The results of companies acquired or disposed of are included in the profit and loss account after or up to the date that control passes respectively. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director does not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Office equipment - 33% reducing balance
Computer equipment - 33% reducing balance

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Basic financial instruments
Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, trade and other debtors that are classified as receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment. If the arrangement constitutes a financial transaction, for example, if payment is deferred beyond normal business terms, then they are measured at the present value of the future payments discounted at a market rate for a similar debt instrument.

Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition trade and other creditors that are classified as payable within one year are measured at the undiscounted amount of the cash or the other consideration expected to be paid. If the arrangement consitutes amount of the cash or other consideration expected to be paid. If the arrangement constitutes a financial transaction, for example, if payment is deferred beyond normal business terms, then they are measured at the present value of the future payments discounted at a market rate for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. EMPLOYEES AND DIRECTORS

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

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees by undertakings that were proportionately consolidated during the year was 13 (2023 - NIL ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

Period
27.10.22
Year Ended to
31.7.24 31.7.23
£    £   
Depreciation - owned assets 2,607 -

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


7. TANGIBLE FIXED ASSETS

Group
Computer Office
equipment equipment Totals
£    £    £   
COST
Additions 1,059 6,761 7,820
At 31 July 2024 1,059 6,761 7,820
DEPRECIATION
Charge for year 353 2,254 2,607
At 31 July 2024 353 2,254 2,607
NET BOOK VALUE
At 31 July 2024 706 4,507 5,213

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100


The company acquired the whole of the issued share capital of Lockwood Fulfilment Ltd, a company registered in England and Wales, on 1 August 2023.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 319,140 - - -
Other debtors 46,954 100 100 100
366,094 100 100 100

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts 1,703 - - -
Trade creditors 16,734 - - -
Taxation and social security 56,029 - - -
Other creditors 131,797 - 100 -
206,263 - 100 -

11. RELATED PARTY DISCLOSURES

Other debtors include £8,144 due from a company with a common director. Other creditors include amounts aggregating £99,900 due to a company with a director in common with this company.

Other than the amounts disclosed above, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

GREENSIDE SERVICES LIMITED (REGISTERED NUMBER: 14447921)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

12. OPERATING LEASE COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£
Within one year 120,000
Between two and five years 120,000
240,000