IRIS Accounts Production v25.1.3.33 06530171 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065301712023-09-30065301712024-09-30065301712023-10-012024-09-30065301712022-09-30065301712022-10-012023-09-30065301712023-09-3006530171ns15:EnglandWales2023-10-012024-09-3006530171ns14:PoundSterling2023-10-012024-09-3006530171ns10:Director12023-10-012024-09-3006530171ns10:Director22023-10-012024-09-3006530171ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006530171ns10:SmallEntities2023-10-012024-09-3006530171ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006530171ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006530171ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006530171ns10:FullAccounts2023-10-012024-09-300653017112023-10-012024-09-3006530171ns10:Director32023-10-012024-09-3006530171ns10:Director42023-10-012024-09-3006530171ns10:CompanySecretary12023-10-012024-09-3006530171ns10:RegisteredOffice2023-10-012024-09-3006530171ns5:CurrentFinancialInstruments2024-09-3006530171ns5:CurrentFinancialInstruments2023-09-3006530171ns5:Non-currentFinancialInstruments2024-09-3006530171ns5:Non-currentFinancialInstruments2023-09-3006530171ns5:ShareCapital2024-09-3006530171ns5:ShareCapital2023-09-3006530171ns5:RetainedEarningsAccumulatedLosses2024-09-3006530171ns5:RetainedEarningsAccumulatedLosses2023-09-3006530171ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3006530171ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-10-012024-09-3006530171ns5:LeaseholdImprovements2023-10-012024-09-3006530171ns5:PlantMachinery2023-10-012024-09-3006530171ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-3006530171ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-09-3006530171ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-3006530171ns5:LeaseholdImprovements2023-09-3006530171ns5:PlantMachinery2023-09-3006530171ns5:LeaseholdImprovements2024-09-3006530171ns5:PlantMachinery2024-09-3006530171ns5:LeaseholdImprovements2023-09-3006530171ns5:PlantMachinery2023-09-3006530171ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3006530171ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3006530171ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3006530171ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3006530171ns5:DeferredTaxation2023-09-3006530171ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 06530171 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Greencomp Limited

Greencomp Limited (Registered number: 06530171)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greencomp Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr S J Stearn
Mr I R Thurtle
Mr R R P Stearn
Mrs J Thurtle





SECRETARY: Mr S J Stearn





REGISTERED OFFICE: Middle Farmhouse
Stanfield Road
WYMONDHAM
Norfolk
NR18 9RN





REGISTERED NUMBER: 06530171 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Greencomp Limited (Registered number: 06530171)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 717,237 649,932
717,238 649,933

CURRENT ASSETS
Stocks 17,430 8,653
Debtors 6 97,914 143,338
Cash at bank 455,300 543,373
570,644 695,364
CREDITORS
Amounts falling due within one year 7 278,546 341,916
NET CURRENT ASSETS 292,098 353,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,336

1,003,381

CREDITORS
Amounts falling due after more than one
year

8

(41,040

)

(134,153

)

PROVISIONS FOR LIABILITIES 10 (138,094 ) (114,614 )
NET ASSETS 830,202 754,614

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 830,002 754,414
SHAREHOLDERS' FUNDS 830,202 754,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Greencomp Limited (Registered number: 06530171)

Balance Sheet - continued
30 September 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 11 June 2025 and were signed on its behalf by:




Mr S J Stearn - Director



Mr I R Thurtle - Director


Greencomp Limited (Registered number: 06530171)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Greencomp 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Planning & set up costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - at varying rates on cost
Plant and machinery - at variable rates on reducing balance

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.

Greencomp Limited (Registered number: 06530171)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Set up costs
Initial costs incurred in acquiring planning permissions and licences in order to run the site are amortised over a period of 5 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Planning
& set up
costs
£   
COST
At 1 October 2023
and 30 September 2024 68,243
AMORTISATION
At 1 October 2023
and 30 September 2024 68,242
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

Greencomp Limited (Registered number: 06530171)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2023 509,893 982,245 1,492,138
Additions - 209,775 209,775
At 30 September 2024 509,893 1,192,020 1,701,913
DEPRECIATION
At 1 October 2023 318,415 523,791 842,206
Charge for year 26,617 115,853 142,470
At 30 September 2024 345,032 639,644 984,676
NET BOOK VALUE
At 30 September 2024 164,861 552,376 717,237
At 30 September 2023 191,478 458,454 649,932

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023 718,275
Transfer to ownership (150,000 )
At 30 September 2024 568,275
DEPRECIATION
At 1 October 2023 313,942
Charge for year 58,938
Transfer to ownership (99,824 )
At 30 September 2024 273,056
NET BOOK VALUE
At 30 September 2024 295,219
At 30 September 2023 404,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,914 143,338

Greencomp Limited (Registered number: 06530171)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 93,113 103,280
Trade creditors 100,840 70,669
Tax 28,046 115,551
Social security and other taxes - 1,170
VAT 26,501 44,774
Directors' current accounts 25,196 1,622
Accrued expenses 4,850 4,850
278,546 341,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 41,040 134,153

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 134,153 237,433

Obligations under hire purchase agreements are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 138,094 114,614

Deferred
tax
£   
Balance at 1 October 2023 114,614
Movement in year 23,480
Balance at 30 September 2024 138,094