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REGISTERED NUMBER: 06922318 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

A SHADE GREENER LIMITED

A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A SHADE GREENER LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: S J Davies
R Parlett
A W J Cundall



REGISTERED OFFICE: Sterling House
Maple Court
Maple Road
Tankersley
S75 3DP



REGISTERED NUMBER: 06922318 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Throssell FCA



AUDITORS: Hebblethwaites
Chartered Accountants & Statutory Auditors
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ

A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 10,764,576 11,774,634
10,764,576 11,774,634

CURRENT ASSETS
Stocks 935,887 1,184,166
Debtors 7 59,836,402 62,255,753
Cash at bank and in hand 5,189,856 3,440,194
65,962,145 66,880,113
CREDITORS
Amounts falling due within one year 8 14,487,822 16,321,457
NET CURRENT ASSETS 51,474,323 50,558,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,238,899

62,333,290

CREDITORS
Amounts falling due after more than one year 9 37,664,199 40,383,507
NET ASSETS 24,574,700 21,949,783

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 24,573,700 21,948,783
SHAREHOLDERS' FUNDS 24,574,700 21,949,783

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 27 March 2025 and were signed on its behalf by:





S J Davies - Director


A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

A Shade Greener 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. 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 on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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. Accounting estimates and assumptions are made concerning the future and, by nature, will rarely equal the related actual outcome.

In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.

Turnover & income recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Turnover includes amounts generated from feed in tariff ('FIT') on electricity produced by solar panels and renewable heat incentive ('RHI') on biomass boilers in work in progress.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefit will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Interest income, included in turnover, is recorded as it accrues using the interest rates per the agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to let property - 10% on cost
Plant and machinery - 25% on reducing balance and at varying rates on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks and work in progress
Work in progress in respect of solar and biomass systems is recorded at cost of installations fitted and is being written down in line with the associated tariff lengths.

Work in progress in respect of building projects is recorded at the lower of cost and net realisable value. Net realisable value represents the estimated selling price.


A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
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.

Development costs
Amortisation is provided on development costs in order to write these off over the estimated useful life of 10 years.

Lease commitments
Rentals paid under operating leases are charged to the profit or loss on 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.

Consolidation
All of the company's subsidiaries have been excluded from consolidation as their inclusion in aggregate would not be material. The financial statements present information about the company as an individual undertaking.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds and to finance the company's operations. Due to the nature of the financial instruments used by the company there is no significant exposure to price risk, credit risk, liquidity risk or cash flow risk.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 1,688,212
AMORTISATION
At 1 October 2023
and 30 September 2024 1,688,212
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Development costs are capitalised so as to match the expenditure with the future revenues of the project.

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 298,090 15,579,829 15,877,919
Additions - 2,504 2,504
At 30 September 2024 298,090 15,582,333 15,880,423
DEPRECIATION
At 1 October 2023 - 4,103,285 4,103,285
Charge for year - 1,012,562 1,012,562
At 30 September 2024 - 5,115,847 5,115,847
NET BOOK VALUE
At 30 September 2024 298,090 10,466,486 10,764,576
At 30 September 2023 298,090 11,476,544 11,774,634

A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. DEBTORS

30.9.2430.9.23
£   £   
Amounts falling due within one year:
Trade debtors1,475,2421,464,988
Amounts owed by group undertakings3,091,7393,308,121
Other debtors158,67142,894
4,725,6524,816,003

Amounts falling due after more than one year:
Loans to group undertakings55,110,75057,439,750

Aggregate amounts59,836,40262,255,753

Loans to group undertakings include £43.3m due from A Shade Greener Finance Ltd and £14.14m due from MBO Partner 1 Ltd with final repayments being 30.1.28 and 31.12.28 respectively. The amount due from MBO Partner 1 Ltd after more than one year is £11.81m.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.2430.9.23
£   £   
Trade creditors46,26184,823
Taxation and social security474,265338,167
Directors loan10,981,28412,172,492
Related party balances24,988160,155
Bank loan2,719,3093,333,097
Other creditors241,715271,927
14,487,82216,360,661

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.2430.9.23
£   £   
Bank loan37,664,19940,383,507

Amounts falling due in more than five years:

Repayable by instalments
Bank loan--

A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Directors' current accounts 10,981,284 12,172,492
Loans 40,383,508 43,716,604
51,364,792 55,889,096

The current account of S J Davies is secured by a debenture dated 5 April 2013 over the assets of the company.

Loans are secured by a debenture dated 30 January 2023 over the assets of the company.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor, dated 27 March 2025, was unqualified.

Andrew Throssell FCA (Senior Statutory Auditor)
For and on behalf of Hebblethwaites

A SHADE GREENER LIMITED (REGISTERED NUMBER: 06922318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

12. RELATED PARTY DISCLOSURES

A Shade Greener Maintenance Ltd
S J Davies is a shareholder

During the year the company undertook the following transactions on normal commercial terms with A Shade Greener Maintenance Limited
30.9.24 30.9.23
£ £
Sales 596,086 540,818
Cost of sales 281,907 281,907

30.9.24 30.9.23
£ £
Amount due from/(to) related party at balance sheet date (22,790) (160,155)

A Shade Greener (Boilers) LLP
S J Davies is a member of the LLP

During the year the company made sales to A Shade Greener (Boilers) LLP on normal commercial terms of £135,644 (2023 £125,073).


A Shade Greener Home Services Ltd
S J Davies is a shareholder
30.9.24 30.9.23
£ £
Amount due from/(to) related party at balance sheet date 86,580 86,580

A Shade Greener Finance Ltd
S J Davies is a shareholder

During the year the company made sales to A Shade Greener Finance Ltd on normal commercial terms of £2,758,549 (2023 £2,102,492).
30.9.24 30.9.23
£ £
Amount due from/(to) related party at balance sheet date 360,092 697,753

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Davies.