1 December 2023 false No description of principal activity Taxfiler 2024.6 14501132business:PrivateLimitedCompanyLtd2023-12-012024-11-30 145011322023-11-30 145011322023-12-012024-11-30 14501132business:AuditExemptWithAccountantsReport2023-12-012024-11-30 14501132business:FilletedAccounts2023-12-012024-11-30 145011322024-11-30 14501132business:Director12023-12-012024-11-30 14501132business:Director22023-12-012024-11-30 14501132business:RegisteredOffice2023-12-012024-11-30 145011322023-11-30 14501132core:WithinOneYear2024-11-30 14501132core:WithinOneYear2023-11-30 14501132core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 14501132core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 14501132core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 14501132core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 14501132core:PreviouslyStatedAmount2024-11-30 14501132core:PreviouslyStatedAmount2023-11-30 14501132business:SmallEntities2023-12-012024-11-30 14501132countries:EnglandWales2023-12-012024-11-30 14501132core:PlantMachinery2023-12-012024-11-30 14501132core:ComputerEquipment2023-12-012024-11-30 14501132core:PlantMachinery2023-11-30 14501132core:ComputerEquipment2023-11-30 14501132core:PlantMachinery2024-11-30 14501132core:ComputerEquipment2024-11-30 14501132core:AcceleratedTaxDepreciationDeferredTax2024-11-30 14501132core:AcceleratedTaxDepreciationDeferredTax2023-11-30 145011322022-11-22 145011322022-11-232023-11-30 14501132business:OrdinaryShareClass12023-12-012024-11-30 14501132business:OrdinaryShareClass12022-11-232023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14501132 (England and Wales)
GREEN KEY RESTORATION LTD Unaudited accounts for the year ended 30 November 2024
GREEN KEY RESTORATION LTD Unaudited accounts Contents
Page
- 2 -
GREEN KEY RESTORATION LTD Company Information for the year ended 30 November 2024
Directors
Mark Greenberry Rachel Key-Greenberry
Company Number
14501132 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
Templar Accounting & Business Support Services Limited (Incorporating Blake and Co) 112-113 High Street Lincoln Lincolnshire LN5 7PY
- 3 -
GREEN KEY RESTORATION LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,832 
21,939 
Current assets
Debtors
25,911 
35,004 
Cash at bank and in hand
124,837 
52,880 
150,748 
87,884 
Creditors: amounts falling due within one year
(55,051)
(69,677)
Net current assets
95,697 
18,207 
Total assets less current liabilities
114,529 
40,146 
Provisions for liabilities
Deferred tax
(3,345)
(4,169)
Net assets
111,184 
35,977 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
111,084 
35,877 
Shareholders' funds
111,184 
35,977 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by
Mark Greenberry Director Company Registration No. 14501132
- 4 -
GREEN KEY RESTORATION LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
GREEN KEY RESTORATION LTD is a private company, limited by shares, registered in England and Wales, registration number 14501132. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
GREEN KEY RESTORATION LTD Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
23,359 
4,064 
27,423 
Additions
- 
1,600 
1,600 
At 30 November 2024
23,359 
5,664 
29,023 
Depreciation
At 1 December 2023
4,672 
812 
5,484 
Charge for the year
3,737 
970 
4,707 
At 30 November 2024
8,409 
1,782 
10,191 
Net book value
At 30 November 2024
14,950 
3,882 
18,832 
At 30 November 2023
18,687 
3,252 
21,939 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,722 
3,436 
Trade debtors
3,669 
10,500 
Other debtors
20,520 
21,068 
25,911 
35,004 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,758 
- 
Taxes and social security
30,949 
4,718 
Loans from directors
74 
43,141 
Accruals
750 
750 
Deferred income
20,520 
21,068 
55,051 
69,677 
- 6 -
GREEN KEY RESTORATION LTD Notes to the Accounts for the year ended 30 November 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,345 
4,169 
2024 
2023 
£ 
£ 
Provision at start of year
4,169 
- 
(Credited)/charged to the profit and loss account
(824)
4,169 
Provision at end of year
3,345 
4,169 
The deferred taxation reserve has been created due to accelerated capital allowances of some £3,345 This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -