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Green Elevator Services Limited

Financial Statements for the Year Ended 31 August 2024






Green Elevator Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G J Green





REGISTERED OFFICE: Unit 6
Charwood Park
Clos Marion
Cardiff
CF10 4LJ





REGISTERED NUMBER: 07743354 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Green Elevator Services Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Elevator Services Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Green Elevator Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Green Elevator Services Limited and state those matters that we have agreed to state to the director of Green Elevator Services Limited in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Elevator Services Limited and its director for our work or for this report.

It is your duty to ensure that Green Elevator Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Green Elevator Services Limited. You consider that Green Elevator Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Green Elevator Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


22 August 2025

Green Elevator Services Limited (Registered number: 07743354)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 94,828 -
Tangible assets 4 185,083 154,566
279,911 154,566

CURRENT ASSETS
Debtors 5 451,737 281,469
Cash at bank and in hand 53,052 136,759
504,789 418,228
CREDITORS
Amounts falling due within one year 6 376,234 300,740
NET CURRENT ASSETS 128,555 117,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,466

272,054

CREDITORS
Amounts falling due after more than
one year

7

(142,547

)

(166,506

)

PROVISIONS FOR LIABILITIES (46,000 ) (36,500 )
NET ASSETS 219,919 69,048

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 219,918 69,047
SHAREHOLDERS' FUNDS 219,919 69,048

Green Elevator Services Limited (Registered number: 07743354)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2025 and were signed by:





G J Green - Director


Green Elevator Services Limited (Registered number: 07743354)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% straight line
Motor vehicles - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Green Elevator Services Limited (Registered number: 07743354)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 25 ) .

3. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 September 2023 500,000 - 500,000
Additions - 94,828 94,828
At 31 August 2024 500,000 94,828 594,828
AMORTISATION
At 1 September 2023
and 31 August 2024 500,000 - 500,000
NET BOOK VALUE
At 31 August 2024 - 94,828 94,828
At 31 August 2023 - - -

Green Elevator Services Limited (Registered number: 07743354)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 - 30,592 318,683 349,275
Additions 4,330 25,000 69,464 98,794
Disposals - - (13,000 ) (13,000 )
At 31 August 2024 4,330 55,592 375,147 435,069
DEPRECIATION
At 1 September 2023 - 22,825 171,884 194,709
Charge for year - 6,605 51,110 57,715
Eliminated on disposal - - (2,438 ) (2,438 )
At 31 August 2024 - 29,430 220,556 249,986
NET BOOK VALUE
At 31 August 2024 4,330 26,162 154,591 185,083
At 31 August 2023 - 7,767 146,799 154,566

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 300,475 217,027
Other debtors & prepayments 151,262 64,442
451,737 281,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,442 10,056
Hire purchase contracts 54,626 63,472
Trade creditors 159,773 119,641
Taxes & social security costs 138,514 99,454
Other creditors & accruals 13,879 8,117
376,234 300,740

Green Elevator Services Limited (Registered number: 07743354)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 8,773 18,214
Hire purchase contracts 133,774 148,292
142,547 166,506

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 188,400 211,764

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
G J Green
Balance outstanding at start of year 22,282 -
Amounts advanced 78,404 22,282
Amounts repaid (22,282 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,404 22,282

The director's loan account was repaid in full in April 2025