REGISTERED NUMBER: 14754531 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Greenstripe Innovations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R T Green

B Sellars

REGISTERED OFFICE:

Dales View

Walk Lane

Irby upon Humber

Grimsby

N E Lincolnshire

DN37 7LA

REGISTERED NUMBER:

14754531 (England and Wales)

FIXED ASSETS

Intangible assets

4

27,334

35,333

Tangible assets

5

601,031

526,849

Investment property

6

450,000

450,000

1,078,365

1,012,182

CURRENT ASSETS

Stocks

336,798

203,348

Debtors

7

50,875

49,559

Cash at bank and in hand

10,408

16,570

398,081

269,477

CREDITORS

Amounts falling due within one year

8

71,564

71,734

NET CURRENT ASSETS

326,517

197,743

TOTAL ASSETS LESS CURRENT LIABILITIES

1,404,882

1,209,925

CREDITORS

Amounts falling due after more than one year

9

(1,347,876

)

(1,187,257

)

PROVISIONS FOR LIABILITIES

(13,325

)

(5,259

)

NET ASSETS

43,681

17,409

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

43,481

17,209

43,681

17,409

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

B Sellars - Director

1.	STATUTORY INFORMATION

Greenstripe Innovations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Plant Hire Equipment

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

40,000

Additions

1

At 31 December 2024

40,001

AMORTISATION

At 1 January 2024

4,667

Charge for year

8,000

At 31 December 2024

12,667

NET BOOK VALUE

At 31 December 2024

27,334

At 31 December 2023

35,333

5.	TANGIBLE FIXED ASSETS

Plant

Freehold

Plant and

Hire

property

machinery

Equipment

£

£

£

COST

At 1 January 2024

443,831

59,200

11,950

Additions

-

53,758

-

Disposals

-

(2,000

)

-

At 31 December 2024

443,831

110,958

11,950

DEPRECIATION

At 1 January 2024

-

8,815

1,743

Charge for year

-

19,423

2,988

Eliminated on disposal

-

(500

)

-

At 31 December 2024

-

27,738

4,731

NET BOOK VALUE

At 31 December 2024

443,831

83,220

7,219

At 31 December 2023

443,831

50,385

10,207

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

12,520

12,990

540,491

Additions

62,780

4,549

121,087

Disposals

(12,215

)

-

(14,215

)

At 31 December 2024

63,085

17,539

647,363

DEPRECIATION

At 1 January 2024

1,826

1,258

13,642

Charge for year

9,215

3,897

35,523

Eliminated on disposal

(2,333

)

-

(2,833

)

At 31 December 2024

8,708

5,155

46,332

NET BOOK VALUE

At 31 December 2024

54,377

12,384

601,031

At 31 December 2023

10,694

11,732

526,849

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

Plant and

machinery

etc

£

COST

Additions

30,190

At 31 December 2024

30,190

DEPRECIATION

Charge for year

3,774

At 31 December 2024

3,774

NET BOOK VALUE

At 31 December 2024

26,416

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

450,000

NET BOOK VALUE

At 31 December 2024

450,000

At 31 December 2023

450,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

5,658

31,441

Other debtors

45,217

18,118

50,875

49,559

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

7,297

-

Trade creditors

32,364

57,545

Taxation and social security

27,188

12,888

Other creditors

4,715

1,301

71,564

71,734

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

18,246

-

Other creditors

1,329,630

1,187,257

1,347,876

1,187,257