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Registration number: 13537133

Greenham Engineering Limited

Unaudited Filleted Financial Statements

for the Period from 1 August 2023 to 31 August 2024

 

Greenham Engineering Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Greenham Engineering Limited

Company Information

Directors

Mr S D C Beard

Mr A R Virgin

Mr D M Steele

Mr C W Jones

Registered office

Victor House, Greenham Business Park
Wellington
Somerset
TA21 0LR

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Greenham Engineering Limited

(Registration number: 13537133)
Balance Sheet as at 31 August 2024

Note

29 July 2021 - 31 July
2024
£

31 July
2023
£

Fixed assets

 

Tangible assets

4

24,155

30,955

Current assets

 

Debtors

5

48,438

22,474

Cash at bank and in hand

 

2,268

18,087

 

50,706

40,561

Creditors: Amounts falling due within one year

6

(52,071)

(14,056)

Net current (liabilities)/assets

 

(1,365)

26,505

Total assets less current liabilities

 

22,790

57,460

Creditors: Amounts falling due after more than one year

6

(10,675)

(14,847)

Provisions for liabilities

-

(4,118)

Net assets

 

12,115

38,495

Capital and reserves

 

Called up share capital

1

1

Retained earnings

12,114

38,494

Shareholders' funds

 

12,115

38,495

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Greenham Engineering Limited

(Registration number: 13537133)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Mr S D C Beard
Director

 

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Victor House, Greenham Business Park
Wellington
Somerset
TA21 0LR
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These financial statements have been prepared for a period longer than one year. The comparatives presented in these financial statements are therefore not entirely comparable.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% - straight line

Plant and machinery

25% - straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6 (2023 - 6).

 

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024

4

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

28,895

6,689

35,584

Additions

-

2,414

2,414

At 31 August 2024

28,895

9,103

37,998

Depreciation

At 1 August 2023

4,214

415

4,629

Charge for the period

7,224

1,990

9,214

At 31 August 2024

11,438

2,405

13,843

Carrying amount

At 31 August 2024

17,457

6,698

24,155

At 31 July 2023

24,681

6,274

30,955

 

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

3,620

15,995

Amounts owed by group undertakings and undertakings in which the company has a participating interest

7

40,253

3,024

Other debtors

 

4,535

3,135

Prepayments and accrued income

 

30

320

Total current trade and other debtors

 

48,438

22,474

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Finance lease and hire purchase liabilities

3,864

3,513

Trade creditors

 

39,433

5,764

Taxation and social security

 

5,694

2,388

Other creditors

 

1,180

591

Accrued expenses

 

1,900

1,800

 

52,071

14,056

Obligations due under finance leases and hire purchases contracts, as shown above, are secured on the assets concerned.

Note

2024
£

2023
£

Due after one year

 

Finance lease and hire purchase liabilities

10,675

14,847

Obligations due under finance leases and hire purchases contracts, as shown above, are secured on the assets concerned.

 

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 August 2024

7

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Advances to director
£

At 31 August 2024
£

Interest free loan, repayable on demand

3,135

1,400

4,535

 

8

Parent and ultimate parent undertaking

The company's immediate parent is Metal Developments Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr S D C Beard, Mr A R Virgin and Mr D M Steele.