55 01/11/2023 31/10/2024 2024-10-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-11-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 05157224 2023-11-01 2024-10-31 05157224 2024-10-31 05157224 2023-10-31 05157224 2022-11-01 2023-10-31 05157224 2023-10-31 05157224 2022-10-31 05157224 core:NetGoodwill 2023-11-01 2024-10-31 05157224 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 05157224 core:MotorVehicles 2023-11-01 2024-10-31 05157224 core:OnerousContractsExcludingVacantProperties 2023-11-01 2024-10-31 05157224 bus:Director1 2023-11-01 2024-10-31 05157224 bus:Director2 2023-11-01 2024-10-31 05157224 core:NetGoodwill 2024-10-31 05157224 core:FurnitureFittingsToolsEquipment 2023-10-31 05157224 core:MotorVehicles 2023-10-31 05157224 core:FurnitureFittingsToolsEquipment 2024-10-31 05157224 core:MotorVehicles 2024-10-31 05157224 core:WithinOneYear 2024-10-31 05157224 core:WithinOneYear 2023-10-31 05157224 core:AfterOneYear 2024-10-31 05157224 core:AfterOneYear 2023-10-31 05157224 core:ShareCapital 2024-10-31 05157224 core:ShareCapital 2023-10-31 05157224 core:RetainedEarningsAccumulatedLosses 2024-10-31 05157224 core:RetainedEarningsAccumulatedLosses 2023-10-31 05157224 core:NetGoodwill 2023-10-31 05157224 core:FurnitureFittingsToolsEquipment 2023-10-31 05157224 core:MotorVehicles 2023-10-31 05157224 bus:Director1 2023-10-31 05157224 bus:Director1 2024-10-31 05157224 bus:Director2 2023-10-31 05157224 bus:Director2 2024-10-31 05157224 bus:Director1 2022-10-31 05157224 bus:Director1 2023-10-31 05157224 bus:Director2 2022-10-31 05157224 bus:Director2 2023-10-31 05157224 bus:Director1 2022-11-01 2023-10-31 05157224 bus:Director2 2022-11-01 2023-10-31 05157224 bus:SmallEntities 2023-11-01 2024-10-31 05157224 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05157224 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05157224 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05157224 bus:FullAccounts 2023-11-01 2024-10-31 05157224 core:OfficeEquipment 2023-11-01 2024-10-31 05157224 core:OfficeEquipment 2023-10-31 05157224 core:OfficeEquipment 2024-10-31
Company registration number: 05157224
Greenstar Cleaners Ltd
Unaudited filleted financial statements
31 October 2024
Greenstar Cleaners Ltd
Contents
Statement of financial position
Notes to the financial statements
Greenstar Cleaners Ltd
Statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 34,068 31,448
_______ _______
34,068 31,448
Current assets
Debtors 7 149,963 187,110
Cash at bank and in hand 69,674 108,540
_______ _______
219,637 295,650
Creditors: amounts falling due
within one year 8 ( 131,917) ( 165,326)
_______ _______
Net current assets 87,720 130,324
_______ _______
Total assets less current liabilities 121,788 161,772
Creditors: amounts falling due
after more than one year 9 ( 11,139) ( 29,812)
Provisions for liabilities ( 1,906) ( 3,119)
_______ _______
Net assets 108,743 128,841
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 108,741 128,839
_______ _______
Shareholders funds 108,743 128,841
_______ _______
For the year ending 31 October 2024 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.
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.
These financial statements were approved by the board of directors and authorised for issue on 09 July 2025 , and are signed on behalf of the board by:
Mr D R Clark
Director
Company registration number: 05157224
Greenstar Cleaners Ltd
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office FF10 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
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 benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 20 % straight line
Office Equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
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 in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Share-based payments
Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satsfied, no adjustment is made irrespective of whether market or non-vesting conditions are met. Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification. Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately. Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 55 (2023: 80 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 November 2023 and 31 October 2024 128,000 128,000
_______ _______
Amortisation
At 1 November 2023 and 31 October 2024 128,000 128,000
_______ _______
Carrying amount
At 31 October 2024 - -
_______ _______
At 31 October 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Office Equipment Total
£ £ £ £
Cost
At 1 November 2023 20,976 35,670 25,320 81,966
Additions 590 22,284 3,103 25,977
Disposals ( 10,987) ( 7,995) ( 20,165) ( 39,147)
_______ _______ _______ _______
At 31 October 2024 10,579 49,959 8,258 68,796
_______ _______ _______ _______
Depreciation
At 1 November 2023 15,192 14,574 20,752 50,518
Charge for the year 2,644 9,433 1,642 13,719
Disposals ( 10,987) - ( 18,522) ( 29,509)
_______ _______ _______ _______
At 31 October 2024 6,849 24,007 3,872 34,728
_______ _______ _______ _______
Carrying amount
At 31 October 2024 3,730 25,952 4,386 34,068
_______ _______ _______ _______
At 31 October 2023 5,784 21,096 4,568 31,448
_______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 144,533 182,173
Other debtors 5,430 4,937
_______ _______
149,963 187,110
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 14,128 10,000
Trade creditors 4,938 10,989
Corporation tax 31,949 39,975
Social security and other taxes 76,693 91,453
Other creditors 4,209 12,909
_______ _______
131,917 165,326
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 7,998 23,772
Other creditors 3,141 6,040
_______ _______
11,139 29,812
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr D R Clark ( 1,955) 1,300 - ( 655)
Ms N J Hesketh ( 1,955) 1,300 - ( 655)
_______ _______ _______ _______
( 3,910) 2,600 - ( 1,310)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr D R Clark 24,886 ( 64,576) 37,735 ( 1,955)
Ms N J Hesketh 24,455 ( 60,425) 34,015 ( 1,955)
_______ _______ _______ _______
49,341 ( 125,001) 71,750 ( 3,910)
_______ _______ _______ _______
The loan is provided on an interest free basis and is repayable on demand.