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
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
GREEN KEY RESTORATION LTD
Statement of financial position
as at 30 November 2024
Tangible assets
18,832
21,939
Cash at bank and in hand
124,837
52,880
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)
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
GREEN KEY RESTORATION LTD
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
At 30 November 2024
23,359
5,664
29,023
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
At 30 November 2024
14,950
3,882
18,832
At 30 November 2023
18,687
3,252
21,939
Amounts falling due within one year
Trade debtors
3,669
10,500
Other debtors
20,520
21,068
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
30,949
4,718
Loans from directors
74
43,141
Deferred income
20,520
21,068
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
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.
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).