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COMPANY REGISTRATION NUMBER: 08173210
Green Manor Building Limited
Filleted Unaudited Financial Statements
31 March 2025
Green Manor Building Limited
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Green Manor Building Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
111,907
88,026
Current assets
Stocks
16,000
26,800
Debtors
6
821,431
890,319
Cash at bank and in hand
48,650
----------
----------
886,081
917,119
Creditors: amounts falling due within one year
7
594,030
640,604
----------
----------
Net current assets
292,051
276,515
----------
----------
Total assets less current liabilities
403,958
364,541
Creditors: amounts falling due after more than one year
8
321,572
296,979
Provisions
Taxation including deferred tax
27,996
21,574
----------
----------
Net assets
54,390
45,988
----------
----------
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
54,389
45,987
--------
--------
Shareholders funds
54,390
45,988
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Green Manor Building Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr. B. M. O'Connell
Director
Company registration number: 08173210
Green Manor Building Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Harrow HA2 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2024
49,986
98,656
14,451
163,093
Additions
2,500
49,176
2,810
54,486
--------
----------
--------
----------
At 31 March 2025
52,486
147,832
17,261
217,579
--------
----------
--------
----------
Depreciation
At 1 April 2024
43,700
19,563
11,804
75,067
Charge for the year
1,774
27,663
1,168
30,605
--------
----------
--------
----------
At 31 March 2025
45,474
47,226
12,972
105,672
--------
----------
--------
----------
Carrying amount
At 31 March 2025
7,012
100,606
4,289
111,907
--------
----------
--------
----------
At 31 March 2024
6,286
79,093
2,647
88,026
--------
----------
--------
----------
6. Debtors
2025
2024
£
£
Trade debtors
689,430
816,994
Prepayments and accrued income
28,425
36,806
Other debtors
103,576
36,519
----------
----------
821,431
890,319
----------
----------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
38,905
137,690
Trade creditors
408,361
306,827
Accruals and deferred income
2,000
2,000
Corporation tax
41,777
34,194
Social security and other taxes
44,502
52,535
Obligations under finance leases and hire purchase contracts
30,070
20,751
Director loan accounts
324
208
Other creditors
28,091
86,399
----------
----------
594,030
640,604
----------
----------
The hire purchase agreements are secured on the assets to which they relate. The bank loans and overdrafts amount include a Bounce Back loan which is secured by a government guarantee.
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
268,486
253,033
Other creditors
26,123
43,946
----------
----------
294,609
296,979
----------
----------
The bank loans and overdrafts amount include a Bounce Back loan which is secured by a government guarantee.
9. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
20,363
21,954
--------
--------
11. Related party transactions
Transactions with related parties, such as are required to be disclosed under FRS 102 were as follows:
2025 2024
£ £
Other related parties:
Balances owed by/(owed to): 24,000 25,000
-------- --------
The amounts owed to related parties are in respect of short term interest free loans.