Registered Number:07440369 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2024
Greenvale Products Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Greenvale Products Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
733,977
714,197
2
733,977
714,197
10,500
10,115
3
Trade and other receivables |
22,224
28,794
4
395,925
Cash and cash equivalents |
440,754
479,663
428,649
Trade and other payables: amounts falling due within one |
year |
(129,949)
(144,094)
5
298,700
335,569
Net current assets
Total assets less current liabilities |
1,069,546
1,012,897
Trade and other payables: amounts falling due after more |
than one year |
(101,679)
(116,338)
6
953,208
Net assets
911,218
100
100
953,108
911,118
953,208
911,218
Shareholders' funds
For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 18 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2024
Greenvale Products Ltd
Notes to the Financial Statements
Statutory Information
Greenvale Products Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07440369. |
Old Holme Farm Cemetery Lane
Rossendale Road
Burnley
BB11 5QB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 November 2024
Greenvale Products Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
1,334,392
4,310
4,209
662,052
663,821
278,863
1,590
3,025
-
274,248
-
-
(130,000)
(47,643)
(177,643)
532,052
7,234
5,900
1,435,612
890,426
Provision for depreciation and impairment |
620,195
4,310
3,893
322,309
289,683
Charge for year
187,673
398
79
27,990
159,206
(106,233)
-
-
(70,153)
(36,080)
701,635
4,708
3,972
280,146
412,809
477,617
251,906
3,262
1,192
733,977
374,138
339,743
316
-
714,197
2023
2024
10,115
10,500
4. Trade and other receivables |
2023
2024
9,448
8,114
19,346
14,110
22,224
28,794
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For the year ended 30 November 2024
Greenvale Products Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
10,000
10,000
3,515
(4,788)
Taxation and social security |
53,252
72,480
77,327
52,257
144,094
129,949
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
5,000
15,000
111,338
86,679
116,338
101,679
7. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 6)
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