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Registered number: 12732896
Green Homes Grant Installs Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12732896
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 237,573 47,280
237,573 47,280
CURRENT ASSETS
Debtors 5 439,192 381,725
Cash at bank and in hand 1,754,945 642,259
2,194,137 1,023,984
Creditors: Amounts Falling Due Within One Year 6 (1,405,704 ) (737,088 )
NET CURRENT ASSETS (LIABILITIES) 788,433 286,896
TOTAL ASSETS LESS CURRENT LIABILITIES 1,026,006 334,176
Creditors: Amounts Falling Due After More Than One Year 7 (20,708 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,000 ) -
NET ASSETS 967,298 334,176
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 967,297 334,175
SHAREHOLDERS' FUNDS 967,298 334,176
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Corris
Director
17 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Green Homes Grant Installs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12732896 . The registered office is The Corner Pin, 298 Bolton Road North, Ramsbottom, Bury, BL0 0NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 33% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 19)
17 19
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 45,973 9,750 55,723
Additions 259,978 12,812 272,790
Disposals (29,735 ) - (29,735 )
As at 31 July 2024 276,216 22,562 298,778
Depreciation
As at 1 August 2023 7,853 590 8,443
Provided during the period 56,612 4,671 61,283
Disposals (8,521 ) - (8,521 )
As at 31 July 2024 55,944 5,261 61,205
Net Book Value
As at 31 July 2024 220,272 17,301 237,573
As at 1 August 2023 38,120 9,160 47,280
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,192 274,222
Amounts owed by group undertakings 385,000 100,065
Other debtors - 7,438
439,192 381,725
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 466,615 373,409
Bank loans and overdrafts 10,017 39,047
Other loans - 143,773
Other creditors 362,357 32,376
Taxation and social security 566,715 148,483
1,405,704 737,088
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,708 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5