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REGISTERED NUMBER: 11482462 (England and Wales)















greengenic ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






greengenic ltd (Registered number: 11482462)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


greengenic ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: I S Spence





REGISTERED OFFICE: 64 High Street
Birstall
West Yorkshire
WF17 9HW





REGISTERED NUMBER: 11482462 (England and Wales)





ACCOUNTANTS: Howard & Co. Accountants LLP
6 Market Street
Birstall
West Yorkshire
WF17 9EN

greengenic ltd (Registered number: 11482462)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 633 1,482

CURRENT ASSETS
Debtors 5 171,630 184,635
Cash at bank 88,042 92,480
259,672 277,115
CREDITORS
Amounts falling due within one year 6 185,935 174,282
NET CURRENT ASSETS 73,737 102,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,370

104,315

CREDITORS
Amounts falling due after more than one year 7 (43,601 ) (61,136 )

PROVISIONS FOR LIABILITIES (120 ) (282 )
NET ASSETS 30,649 42,897

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,549 42,797
SHAREHOLDERS' FUNDS 30,649 42,897

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.

greengenic ltd (Registered number: 11482462)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





I S Spence - Director


greengenic ltd (Registered number: 11482462)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

greengenic ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

greengenic ltd (Registered number: 11482462)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 2,571
DEPRECIATION
At 1 August 2023 1,089
Charge for year 849
At 31 July 2024 1,938
NET BOOK VALUE
At 31 July 2024 633
At 31 July 2023 1,482

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 171,630 181,744
Other debtors - 2,891
171,630 184,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,225 13,050
Trade creditors 76,694 106,752
Taxation and social security 86,139 44,669
Other creditors 9,877 9,811
185,935 174,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 43,601 61,136

greengenic ltd (Registered number: 11482462)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
I S Spence
Balance outstanding at start of year 2,891 -
Amounts advanced - 2,891
Amounts repaid (2,891 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,891

Included within creditors: amounts falling due within one year were loans from the director of £827 (2023: £nil). The loans were interest free with no fixed date for repayment.

Under the BBLS scheme the government provided an 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £34,879 (2023: £46,113).