Greenlight Safety Consultancy Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07055507 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

Greenlight Safety Consultancy Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

40,795

49,629

CURRENT ASSETS

Debtors

5

300,386

193,321

Cash at bank

65,531

101,151

365,917

294,472

CREDITORS

Amounts falling due within one year

6

353,974

271,158

NET CURRENT ASSETS

11,943

23,314

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,738

72,943

CREDITORS

Amounts falling due after more than one
year

7

(25,972

)

(41,505

)

PROVISIONS FOR LIABILITIES

(2,297

)

(4,112

)

NET ASSETS

24,469

27,326

CAPITAL AND RESERVES

Called up share capital

1,005

Retained earnings

23,464

26,321

SHAREHOLDERS' FUNDS

24,469

27,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 August 2025 and were signed by:

D Symons - Director

1.	STATUTORY INFORMATION

Greenlight Safety Consultancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07055507

Registered office:

Bergstrand House

Parkwood Close

Roborough

Plymouth

Devon

PL6 7SG

2.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on reducing balance

Motor vehicles - 25% on 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Assets held under hire purchase and finance lease agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight-line basis.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

97,851

Additions

4,216

At 31 December 2024

102,067

DEPRECIATION

At 1 January 2024

48,222

Charge for year

13,050

At 31 December 2024

61,272

NET BOOK VALUE

At 31 December 2024

40,795

At 31 December 2023

49,629

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

31,683

DEPRECIATION

At 1 January 2024

5,941

Charge for year

6,436

At 31 December 2024

12,377

NET BOOK VALUE

At 31 December 2024

19,306

At 31 December 2023

25,742

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

214,940

115,240

Amounts owed by group undertakings

78,842

72,815

Other debtors

6,604

5,266

300,386

193,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Hire purchase contracts (see note 8)

5,533

Trade creditors

32,014

12,532

Amounts owed to group undertakings

64,834

52,429

Taxation and social security

138,248

126,974

Other creditors

103,345

63,690

353,974

271,158

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

4,167

14,167

Hire purchase contracts (see note 8)

21,805

27,338

25,972

41,505

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

Net obligations repayable:

Within one year

5,533

Between one and five years

21,805

27,338

32,871

Non-cancellable

operating leases

31.12.24

31.12.23

£

Within one year

13,870

31,870

Between one and five years

9,837

23,706

23,707

55,576

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Hire purchase contracts

27,338

32,871

The company has a hire purchase agreement which is secured on the asset they are financing.

10.	RELATED PARTY DISCLOSURES

As at 31 December 2024 there was a balance owed from Greenlight Group Limited of £65,012 (2023: £61,712). This is included in 'amounts owed by group undertakings'.

During the year the company paid costs and received income on behalf of Greenlight Training Limited, a fellow group company. As at 31 December 2024 a balance of £64,834 was owed to Greenlight Training Limited (2023: £52,429). This is included in 'amounts owed to group undertakings'.

During the year the company paid costs and received income on behalf of Greenlight Safety Assessment Scheme Limited, a fellow group company. As at 31 December 2024 a balance of £11,502 was owed by Greenlight Safety Assessment Scheme Limited (2023:£11,103). This is included in 'amounts owed by group undertakings'.

As at 31 December 2024 there was a balance owed from Greenlight Group Holdings Limited of £2,328 (2023:£nil). This is included in 'amounts owed by group undertakings'.

The immediate parent company is Greenlight Group Limited, a company incorporated in the UK. The ultimate parent company is Greenlight Group Holdings Limited, a company incorporated in the UK.