2023-12-01 07440369 2024-11-30 07440369 2023-12-01 2024-11-30 07440369 2023-11-30 07440369 2022-12-01 2023-11-30 07440369 uk-core:WithinOneYear 2023-11-30 07440369 uk-core:WithinOneYear 2024-11-30 07440369 uk-core:AfterOneYear 2023-11-30 07440369 uk-core:AfterOneYear 2024-11-30 07440369 uk-core:ShareCapital 2024-11-30 07440369 uk-core:ShareCapital 2023-11-30 07440369 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 07440369 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07440369 uk-bus:Director1 2023-12-01 2024-11-30 07440369 uk-core:PlantMachinery 2023-12-01 2024-11-30 07440369 uk-core:ComputerEquipment 2023-12-01 2024-11-30 07440369 uk-core:CommercialMotorVehicles 2023-12-01 2024-11-30 07440369 uk-core:FurnitureFittings 2023-12-01 2024-11-30 07440369 uk-core:ComputerEquipment 2023-11-30 07440369 uk-core:FurnitureFittings 2023-11-30 07440369 uk-core:CommercialMotorVehicles 2023-11-30 07440369 uk-core:PlantMachinery 2023-11-30 07440369 uk-core:CommercialMotorVehicles 2024-11-30 07440369 uk-core:FurnitureFittings 2024-11-30 07440369 uk-core:ComputerEquipment 2024-11-30 07440369 uk-core:PlantMachinery 2024-11-30 07440369 uk-core:WithinOneYear 2024-11-30 07440369 uk-core:WithinOneYear 2023-11-30 07440369 uk-core:AfterOneYear uk-core:Secured 2024-11-30 07440369 uk-core:AfterOneYear uk-core:Secured 2023-11-30 iso4217:GBP xbrli:pure 07440369 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07440369 uk-bus:FRS102 2023-12-01 2024-11-30 07440369 uk-bus:FilletedAccounts 2023-12-01 2024-11-30 07440369 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
Greenvale Products Ltd
Registered Number:07440369
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07440369
As at 30 November 2024
Greenvale Products Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
733,977
714,197
2
733,977
714,197
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Sean Durkin Director
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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4
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.
Registered address:
Old Holme Farm Cemetery Lane
Rossendale Road
Burnley
BB11 5QB
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
25% Reducing balance
Computer Equipment
15% Reducing balance
Motor Vehicles
25% Reducing balance
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.
2 of 4
5
For the year ended 30 November 2024
Greenvale Products Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 December 2023
1,334,392
4,310
4,209
662,052
663,821
278,863
1,590
3,025
-
274,248
Additions
-
-
(130,000)
(47,643)
Disposals
(177,643)
At 30 November 2024
532,052
7,234
5,900
1,435,612
890,426
Provision for depreciation and impairment
At 01 December 2023
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)
On disposal
At 30 November 2024
701,635
4,708
3,972
280,146
412,809
At 30 November 2024
Net book value
477,617
251,906
3,262
1,192
733,977
At 30 November 2023
374,138
339,743
316
-
714,197
3. Inventories
2023
2024
£
£
Stocks
10,115
10,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
9,448
8,114
Other debtors
19,346
14,110
22,224
28,794
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6
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
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
3,515
(4,788)
Taxation and social security
53,252
72,480
Other creditors
77,327
52,257
144,094
129,949
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
5,000
15,000
Other creditors
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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