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REGISTERED NUMBER: 07386140 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 October 2024

for

Green & Co Accountants Limited

Green & Co Accountants Limited (Registered number: 07386140)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green & Co Accountants Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P M Green





REGISTERED OFFICE: Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF





REGISTERED NUMBER: 07386140 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Green & Co Accountants Limited (Registered number: 07386140)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 170,386 182,671
170,386 182,671

CURRENT ASSETS
Debtors 6 584,172 519,129
Cash at bank and in hand 27,804 64,882
611,976 584,011
CREDITORS
Amounts falling due within one year 7 124,782 139,336
NET CURRENT ASSETS 487,194 444,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,580

627,346

CREDITORS
Amounts falling due after more than one
year

8

(27,906

)

(39,723

)

PROVISIONS FOR LIABILITIES (42,596 ) (45,667 )
NET ASSETS 587,078 541,956

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 586,878 541,756
SHAREHOLDERS' FUNDS 587,078 541,956

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

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

Green & Co Accountants Limited (Registered number: 07386140)

Balance Sheet - continued
31 October 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 20 May 2025 and were signed by:





P M Green - Director


Green & Co Accountants Limited (Registered number: 07386140)

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

1. STATUTORY INFORMATION

Green & Co Accountants 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance, 10% on reducing balance and 5% on reducing balance

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.

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

Green & Co Accountants Limited (Registered number: 07386140)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 278,230
AMORTISATION
At 1 November 2023
and 31 October 2024 278,230
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 247,460
Additions 1,540
Disposals (2,832 )
At 31 October 2024 246,168
DEPRECIATION
At 1 November 2023 64,789
Charge for year 13,057
Eliminated on disposal (2,064 )
At 31 October 2024 75,782
NET BOOK VALUE
At 31 October 2024 170,386
At 31 October 2023 182,671

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 252,825 220,304
Other debtors 331,347 298,825
584,172 519,129

Green & Co Accountants Limited (Registered number: 07386140)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 4,700 6,000
Hire purchase contracts 8,510 8,510
Trade creditors 6,857 12,744
Taxation and social security 102,523 107,457
Other creditors 2,192 4,625
124,782 139,336

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 22,173 25,480
Hire purchase contracts 5,733 14,243
27,906 39,723

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
P M Green
Balance outstanding at start of year (12 ) (62,366 )
Amounts advanced - 62,354
Amounts repaid (524 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (536 ) (12 )

10. RELATED PARTY DISCLOSURES

The company occupied office premises owned by GAC Sussex Limited. Rent has been charged at current market rates of £24,000 (2023 : £24,000), under full repairing terms.

Included in Other Debtors is a loan to GAC Sussex Limited of £312,500 (2023 - £266,500), and a loan to GAC Property Services Limited of £8,623 (2023 - £8,623).