1 December 2023 false No description of principal activity Taxfiler 2024.6 SC181938business:PrivateLimitedCompanyLtd2023-12-012024-11-30 SC1819382023-11-30 SC1819382023-12-012024-11-30 SC181938business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 SC181938business:FilletedAccounts2023-12-012024-11-30 SC1819382024-11-30 SC181938business:Director12023-12-012024-11-30 SC181938business:Director32023-12-012024-11-30 SC181938business:Director42023-12-012024-11-30 SC181938business:Director52023-12-012024-11-30 SC181938business:RegisteredOffice2023-12-012024-11-30 SC1819382023-11-30 SC181938core:WithinOneYear2024-11-30 SC181938core:WithinOneYear2023-11-30 SC181938core:AfterOneYear2024-11-30 SC181938core:AfterOneYear2023-11-30 SC181938core:SharePremiumcore:PreviouslyStatedAmount2024-11-30 SC181938core:SharePremiumcore:PreviouslyStatedAmount2023-11-30 SC181938core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 SC181938core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC181938core:PreviouslyStatedAmount2024-11-30 SC181938core:PreviouslyStatedAmount2023-11-30 SC181938business:SmallEntities2023-12-012024-11-30 SC181938countries:Scotland2023-12-012024-11-30 SC181938core:LandBuildings2023-12-012024-11-30 SC181938core:PlantMachinery2023-12-012024-11-30 SC181938core:MotorVehicles2023-12-012024-11-30 SC181938core:PlantMachinery2023-11-30 SC181938core:MotorVehicles2023-11-30 SC181938core:PlantMachinery2024-11-30 SC181938core:MotorVehicles2024-11-30 SC1819382022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC181938 (Scotland)
Greentech (Sportsturf) Limited Unaudited accounts for the year ended 30 November 2024
Greentech (Sportsturf) Limited Unaudited accounts Contents
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Greentech (Sportsturf) Limited Company Information for the year ended 30 November 2024
Directors
K Brunton D Cheape G Leonard R Melling
Company Number
SC181938 (Scotland)
Registered Office
BLOCK 5 UNIT 1 BANDEATH INDUSTRIAL ESTATE THROSK STIRLING FK7 7NP
Accountants
Braes Accountancy Limited Ironworks Business Centre Castlelaurie Industrial Estate Falkirk Stirlingshire FK2 7XE
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Greentech (Sportsturf) Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
614,368 
627,894 
Current assets
Inventories
101,859 
86,912 
Debtors
424,948 
273,092 
Cash at bank and in hand
625,730 
198,323 
1,152,537 
558,327 
Creditors: amounts falling due within one year
(963,177)
(403,725)
Net current assets
189,360 
154,602 
Total assets less current liabilities
803,728 
782,496 
Creditors: amounts falling due after more than one year
(224,948)
(258,947)
Provisions for liabilities
Deferred tax
(138,868)
(144,484)
Net assets
439,912 
379,065 
Capital and reserves
Share premium
3,000 
3,000 
Profit and loss account
436,912 
376,065 
Shareholders' funds
439,912 
379,065 
For the year ending 30 November 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by
D Cheape Director Company Registration No. SC181938
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Greentech (Sportsturf) Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Greentech (Sportsturf) Limited is a private company, limited by shares, registered in Scotland, registration number SC181938. The registered office is BLOCK 5 UNIT 1, BANDEATH INDUSTRIAL ESTATE THROSK, STIRLING, FK7 7NP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Reducing Balance
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At valuation 
At 1 December 2023
1,282,399 
502,320 
1,784,719 
Additions
56,473 
76,250 
132,723 
Revaluations
110,618 
166,993 
277,611 
Disposals
(4,000)
(26,240)
(30,240)
At 30 November 2024
1,445,490 
719,323 
2,164,813 
Depreciation
At 1 December 2023
807,294 
349,531 
1,156,825 
Charge for the year
75,491 
37,813 
113,304 
Surplus on revaluation
135,170 
178,091 
313,261 
On disposals
(5,697)
(27,248)
(32,945)
At 30 November 2024
1,012,258 
538,187 
1,550,445 
Net book value
At 30 November 2024
433,232 
181,136 
614,368 
At 30 November 2023
475,105 
152,789 
627,894 
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Greentech (Sportsturf) Limited Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
420,324 
248,321 
Accrued income and prepayments
1,087 
4,648 
Other debtors
3,537 
20,123 
424,948 
273,092 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
38,820 
- 
Obligations under finance leases and hire purchase contracts
88,116 
93,202 
Trade creditors
486,386 
128,788 
Taxes and social security
42,532 
84,115 
Accruals
297,323 
87,620 
963,177 
403,725 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,866 
23,865 
Obligations under finance leases and hire purchase contracts
211,082 
235,082 
224,948 
258,947 
8
Transactions with related parties
On 3 August 2021, 100% of the issued share capital of Greentech (Sportsturf) Limited was sold and the company is now an ‘employee owned’company. To achieve this aim, a new trustee company named Greentech EOT Limited (‘EOT’ was incorporated). The funding of this transaction was achieved through loans from the majority shareholders of £1,031,000 . These loans are held with the EOT, however, the funding of the repayments of these loans is intended to be made by Greentech (Sportsturf) Limited. These loans were repaid in full, including interest, during the financial year ended 30 November 2024. Payments made to the EOT in relation to these loans during the year amounted to £108,500 (2023 – £187,500). Payments to the EOT have been disclosed as gifts of profits from the company. Disclosure is made through the Statement of Changes in Equity at page 12 and is not tax deductible. It has been determined that the EOT has the legal and beneficial ownership of the shares of Greentech (Sportsturf) Limited as a result of the influence that it has over the future decisions of the company. As a result of this fact, the above mentioned loans have not been recognised as a liability within the Greentech (Sportsturf) Limited financial statements. Dividends of nil (2023- nil) were paid to the directors and members of their close families during the year. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (effective April 2008).
9
Average number of employees
During the year the average number of employees was 16 (2023: 16).
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