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Registered number: 05416762
Greencold Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Tax Advisor Ltd
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05416762
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,299 57,346
45,299 57,346
CURRENT ASSETS
Stocks 5 105,444 98,277
Debtors 6 194,189 370,956
Cash at bank and in hand 219,247 69,271
518,880 538,504
Creditors: Amounts Falling Due Within One Year 7 (477,027 ) (532,937 )
NET CURRENT ASSETS (LIABILITIES) 41,853 5,567
TOTAL ASSETS LESS CURRENT LIABILITIES 87,152 62,913
Creditors: Amounts Falling Due After More Than One Year 8 (22,387 ) (27,942 )
NET ASSETS 64,765 34,971
CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 50 50
Profit and Loss Account 64,665 34,871
SHAREHOLDERS' FUNDS 64,765 34,971
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Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Richard Andrew
Director
08/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Greencold Limited Registered number 05416762 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 8 Trinity Centre, Park Farm Industrial Estate, Wellingborough, Northants, NN8 6ZB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 stated at cost less depreciation. 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 20% per annum reducing balance
Motor Vehicles 25% per annum reducing balance
Fixtures & Fittings 25% per annum reducing balance
Computer Equipment 50% per annum reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 3 1
Manufacturing 4 4
8 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 60,088 163,265 38,892 262,245
Additions 955 - 1,992 2,947
As at 31 March 2025 61,043 163,265 40,884 265,192
Depreciation
As at 1 April 2024 35,629 133,153 36,117 204,899
Provided during the period 5,083 7,527 2,384 14,994
As at 31 March 2025 40,712 140,680 38,501 219,893
Net Book Value
As at 31 March 2025 20,331 22,585 2,383 45,299
As at 1 April 2024 24,459 30,112 2,775 57,346
5. Stocks
2025 2024
£ £
Stock 105,444 98,277
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 142,870 263,405
Prepayments and accrued income 10,915 6,343
Deferred tax current asset 24,804 -
178,589 269,748
Due after more than one year
Deferred tax current asset - 38,019
Amounts owed by associates 15,600 63,189
15,600 101,208
194,189 370,956
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 366,810 411,388
Bank loans and overdrafts 6,780 6,780
Other taxes and social security 11,551 8,373
VAT 69,304 49,337
Pension 848 1,157
Accruals and deferred income 3,073 51,144
Directors' loan accounts 18,661 4,758
477,027 532,937
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 22,387 27,942
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances and short-term timing differences.
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
11. Controlling Party
There is no controlling party.
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