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REGISTERED NUMBER: 07350668 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GREENFIELD AUTOS LIMITED

GREENFIELD AUTOS LIMITED (REGISTERED NUMBER: 07350668)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENFIELD AUTOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R A Burchell
J Baldwin





REGISTERED OFFICE: Unit 3, Priory Farm
Sandy Lane
South Nutfield
Surrey
RH1 4EJ





REGISTERED NUMBER: 07350668 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

GREENFIELD AUTOS LIMITED (REGISTERED NUMBER: 07350668)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,063 1,417

CURRENT ASSETS
Stocks 417,698 509,600
Debtors 5 18,300 -
Cash at bank and in hand 64,949 16,510
500,947 526,110
CREDITORS
Amounts falling due within one year 6 168,238 172,720
NET CURRENT ASSETS 332,709 353,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,772

354,807

CREDITORS
Amounts falling due after more than one
year

7

(7,125

)

(27,475

)

PROVISIONS FOR LIABILITIES (202 ) -
NET ASSETS 326,445 327,332

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 326,443 327,330
SHAREHOLDERS' FUNDS 326,445 327,332

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

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

GREENFIELD AUTOS LIMITED (REGISTERED NUMBER: 07350668)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:




J Baldwin - Director



R A Burchell - Director


GREENFIELD AUTOS LIMITED (REGISTERED NUMBER: 07350668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Greenfield Autos 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 represents the sales proceeds of vehicles, excluding value added tax.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

GREENFIELD AUTOS LIMITED (REGISTERED NUMBER: 07350668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 1,667
DEPRECIATION
At 1 September 2023 250
Charge for year 354
At 31 August 2024 604
NET BOOK VALUE
At 31 August 2024 1,063
At 31 August 2023 1,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,300 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,000 18,000
Tax 50,393 52,925
Social security and other taxes 178 178
VAT 15,982 16,066
Other creditors 1,525 2,275
Directors' current accounts 76,602 76,602
Accrued expenses 5,558 6,674
168,238 172,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,125 18,000
Bank loans - 2-5 years - 9,475
7,125 27,475

8. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.