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REGISTERED NUMBER: 12038271 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Verdant Equipment Ltd

Verdant Equipment Ltd (Registered number: 12038271)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Verdant Equipment Ltd (Registered number: 12038271)

Balance Sheet
30 November 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 9,129 14,877

Current assets
Stocks 500 17,000
Debtors 6 19,547 12,383
Cash at bank 1,552 24,715
21,599 54,098
Creditors
Amounts falling due within one year 7 (36,349 ) (53,449 )
Net current (liabilities)/assets (14,750 ) 649
Total assets less current liabilities (5,621 ) 15,526

Creditors
Amounts falling due after more than one
year

8

(52,038

)

(57,593

)
Net liabilities (57,659 ) (42,067 )

Capital and reserves
Called up share capital 9 1 1
Retained earnings (57,660 ) (42,068 )
Shareholders' funds (57,659 ) (42,067 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

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 directors acknowledge their 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.

Verdant Equipment Ltd (Registered number: 12038271)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr D Turner - Director


Verdant Equipment Ltd (Registered number: 12038271)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. Statutory information

Verdant Equipment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12038271

Registered office: 4 Norwich Road
Lingwood
Norwich
Norfolk
NR13 4BH

The presentation currency of the financial statements is the Pound Sterling (£).


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 preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements through the support of its director. On the basis of the anticipated cashflows the director considers that the company will continue to trade successfully for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Verdant Equipment Ltd (Registered number: 12038271)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Trailers - 20% on cost
Computer equipment - 33% on cost

Inventories
Inventories have been valued at the lower of cost and net estimated selling price, less costs to sell.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Verdant Equipment Ltd (Registered number: 12038271)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued

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

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Verdant Equipment Ltd (Registered number: 12038271)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. Tangible fixed assets
Plant and Motor Computer
machinery Trailers vehicles equipment Totals
£ £ £ £ £
Cost
At 1 December 2023 4,524 14,928 10,969 1,256 31,677
Additions - - 640 - 640
Disposals - (5,981 ) - - (5,981 )
At 30 November 2024 4,524 8,947 11,609 1,256 26,336
Depreciation
At 1 December 2023 2,894 5,330 7,437 1,139 16,800
Charge for year 407 1,789 976 117 3,289
Eliminated on disposal - (2,882 ) - - (2,882 )
At 30 November 2024 3,301 4,237 8,413 1,256 17,207
Net book value
At 30 November 2024 1,223 4,710 3,196 - 9,129
At 30 November 2023 1,630 9,598 3,532 117 14,877

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 8,766 2,072
Other debtors 10,781 10,311
19,547 12,383

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 5,555 5,555
Taxation and social security 5,725 7,286
Other creditors 25,069 40,608
36,349 53,449

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 12,038 17,593
Other creditors 40,000 40,000
52,038 57,593

Verdant Equipment Ltd (Registered number: 12038271)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

10. Related party disclosures

Included in Creditors: Amounts Falling Due Within One Year is a loan from the directors of £23,861 (2023 £39,096).

Included in Creditors: Amounts Falling Due After More Than One Year is a loan from the directors of £40,000 (2023 £40,000).

11. Ultimate controlling party

The controlling party is Mr D Turner.