Acorah Software Products - Accounts Production 16.3.350 false true 29 November 2023 1 December 2022 false 30 November 2023 29 November 2024 29 November 2024 08337980 Mr N I Green iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08337980 2023-11-29 08337980 2024-11-29 08337980 2023-11-30 2024-11-29 08337980 frs-core:CurrentFinancialInstruments 2024-11-29 08337980 frs-core:Non-currentFinancialInstruments 2024-11-29 08337980 frs-core:FurnitureFittings 2024-11-29 08337980 frs-core:FurnitureFittings 2023-11-30 2024-11-29 08337980 frs-core:FurnitureFittings 2023-11-29 08337980 frs-core:PlantMachinery 2024-11-29 08337980 frs-core:PlantMachinery 2023-11-30 2024-11-29 08337980 frs-core:PlantMachinery 2023-11-29 08337980 frs-core:WithinOneYear 2024-11-29 08337980 frs-core:ShareCapital 2024-11-29 08337980 frs-core:RetainedEarningsAccumulatedLosses 2024-11-29 08337980 frs-bus:PrivateLimitedCompanyLtd 2023-11-30 2024-11-29 08337980 frs-bus:FilletedAccounts 2023-11-30 2024-11-29 08337980 frs-bus:SmallEntities 2023-11-30 2024-11-29 08337980 frs-bus:AuditExempt-NoAccountantsReport 2023-11-30 2024-11-29 08337980 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-30 2024-11-29 08337980 frs-core:DeferredTaxation 2023-11-30 2024-11-29 08337980 frs-core:DeferredTaxation 2023-11-29 08337980 frs-core:DeferredTaxation 2024-11-29 08337980 frs-bus:Director1 2023-11-30 2024-11-29 08337980 frs-bus:Director1 2023-11-29 08337980 frs-bus:Director1 2024-11-29 08337980 frs-countries:EnglandWales 2023-11-30 2024-11-29 08337980 2022-11-30 08337980 2023-11-29 08337980 2022-12-01 2023-11-29 08337980 frs-core:CurrentFinancialInstruments 2023-11-29 08337980 frs-core:Non-currentFinancialInstruments 2023-11-29 08337980 frs-core:BetweenOneFiveYears 2023-11-29 08337980 frs-core:PlantMachinery 2022-12-01 2023-11-29 08337980 frs-core:WithinOneYear 2023-11-29 08337980 frs-core:ShareCapital 2023-11-29 08337980 frs-core:RetainedEarningsAccumulatedLosses 2023-11-29
Registered number: 08337980
Greens Haulage & Plant Limited
Unaudited Financial Statements
For The Year Ended 29 November 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08337980
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,319,888 1,276,881
1,319,888 1,276,881
CURRENT ASSETS
Debtors 5 364,789 669,462
Cash at bank and in hand 178,971 165,865
543,760 835,327
Creditors: Amounts Falling Due Within One Year 6 (186,716 ) (513,655 )
NET CURRENT ASSETS (LIABILITIES) 357,044 321,672
TOTAL ASSETS LESS CURRENT LIABILITIES 1,676,932 1,598,553
Creditors: Amounts Falling Due After More Than One Year 7 - (46,924 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (250,779 ) (242,607 )
NET ASSETS 1,426,153 1,309,022
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 1,426,053 1,308,922
SHAREHOLDERS' FUNDS 1,426,153 1,309,022
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For the year ending 29 November 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 Income Statement.
On behalf of the board
Mr N I Green
Director
27/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Greens Haulage & Plant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08337980 . The registered office is The Elms Sutton Lane, Broughton Astley, Leicester, LE9 6QF.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 15% reducing balance method
Fixtures & Fittings 20% reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.5. Financial Instruments
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
2.6. 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 in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 30 November 2023 1,741,763 24,744 1,766,507
Additions 269,053 8,962 278,015
As at 29 November 2024 2,010,816 33,706 2,044,522
Depreciation
As at 30 November 2023 484,677 4,949 489,626
Provided during the period 229,257 5,751 235,008
As at 29 November 2024 713,934 10,700 724,634
Net Book Value
As at 29 November 2024 1,296,882 23,006 1,319,888
As at 30 November 2023 1,257,086 19,795 1,276,881
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 526,184 619,040
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 294,488 650,864
Other debtors 70,301 18,598
364,789 669,462
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,960 142,367
Trade creditors 40,836 67,742
Other creditors 625 99,427
Taxation and social security 98,295 204,119
186,716 513,655
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 46,924
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 46,960 142,367
Later than one year and not later than five years - 46,924
46,960 189,291
46,960 189,291
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 30 November 2023 242,607 242,607
Deferred taxation 8,171 8,171
Balance at 29 November 2024 250,778 250,778
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 November 2023 Amounts advanced Amounts repaid Amounts written off As at 29 November 2024
£ £ £ £ £
Mr Nigel Green 84,067 163,547 247,614 - -
The above loan is unsecured and repayable on demand where interest is charged at 2.25%.
12. Related Party Transactions
Within other debtors there is a balance outstanding from N Green Developments Limited of £70,022 (2023 - £10,000) in which Mr N I Green is a director and shareholder of.
Within other creditors there is a balance outstanding to R I & N I Services Limited of £nil (2023 - £152,891) in which Mr N I Green is a director and shareholder of.
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