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Registered number: NI617291
Green City Contracts Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Clarke&Co. Accountant's
53 Andersonstown Road
Belfast
Antrim
BT11 9AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI617291
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,501 95,799
83,501 95,799
CURRENT ASSETS
Stocks 5 9,097 -
Debtors 6 762,628 840,434
Cash at bank and in hand 15,483 35,910
787,208 876,344
Creditors: Amounts Falling Due Within One Year 7 (402,209 ) (679,974 )
NET CURRENT ASSETS (LIABILITIES) 384,999 196,370
TOTAL ASSETS LESS CURRENT LIABILITIES 468,500 292,169
Creditors: Amounts Falling Due After More Than One Year 8 (41,722 ) (7,700 )
NET ASSETS 426,778 284,469
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 426,777 284,468
SHAREHOLDERS' FUNDS 426,778 284,469
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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 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 Profit and Loss Account.
On behalf of the board
Mr Thomas Walsh
Director
19 September 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
Green City Contracts Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI617291 . The registered office is 223 Moira Road, Lisburn, Antrim, BT28 2ST.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 15% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
Manufacturing 9 4
11 6
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 96,374 90,309 708 187,391
Additions - 4,116 - 4,116
As at 31 March 2025 96,374 94,425 708 191,507
Depreciation
As at 1 April 2024 41,624 49,424 544 91,592
Provided during the period 8,213 8,177 24 16,414
As at 31 March 2025 49,837 57,601 568 108,006
Net Book Value
As at 31 March 2025 46,537 36,824 140 83,501
As at 1 April 2024 54,750 40,885 164 95,799
5. Stocks
2025 2024
£ £
Stock 9,097 -
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 644,779 702,248
VAT 117,849 138,186
762,628 840,434
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 318,670 615,343
Bank loans and overdrafts - 11,280
Corporation tax 74,608 42,888
Other taxes and social security - 1,538
Other creditors 4,131 1,722
Accruals and deferred income 4,800 3,600
Director's loan account - 3,603
402,209 679,974
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 41,722 7,700
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9. Provisions for Liabilities
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 50,248 87,785
13. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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