REGISTERED NUMBER: 02576508 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Greenmantle Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

193,879

194,805

CURRENT ASSETS

Stocks

5

46,400

32,000

Debtors

6

1,287,080

1,265,270

Cash at bank and in hand

878,957

1,497,374

2,212,437

2,794,644

CREDITORS

Amounts falling due within one year

7

(852,982

)

(753,679

)

NET CURRENT ASSETS

1,359,455

2,040,965

TOTAL ASSETS LESS CURRENT LIABILITIES

1,553,334

2,235,770

CREDITORS

Amounts falling due after more than one year

8

(121,924

)

(273,242

)

PROVISIONS FOR LIABILITIES

(48,470

)

(48,701

)

NET ASSETS

1,382,940

1,913,827

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Capital redemption reserve

(298

)

-

Retained earnings

1,382,238

1,912,827

1,382,940

1,913,827

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 30 September 2025 and were signed on its behalf by:

Mr R F Holmstoel - Director

1.	STATUTORY INFORMATION

Greenmantle Limited 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:

02576508

Registered office:

C/o Sterling Partners Ltd, Unit 14

7 Wenlock Road

London

N1 7SL

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 90 (2023 - 83 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

129,007

33,700

674,778

10,766

848,251

Additions

-

-

115,275

-

115,275

Disposals

-

-

(20,195

)

-

(20,195

)

At 31 December 2024

129,007

33,700

769,858

10,766

943,331

DEPRECIATION

At 1 January 2024

100,754

33,700

510,949

8,043

653,446

Charge for year

19,984

-

93,981

2,236

116,201

Eliminated on disposal

-

-

(20,195

)

-

(20,195

)

At 31 December 2024

120,738

33,700

584,735

10,279

749,452

NET BOOK VALUE

At 31 December 2024

8,269

-

185,123

487

193,879

At 31 December 2023

28,253

-

163,829

2,723

194,805

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

44,500

241,487

285,987

Transfer to ownership

(44,500

)

-

(44,500

)

At 31 December 2024

-

241,487

241,487

DEPRECIATION

At 1 January 2024

44,500

87,243

131,743

Charge for year

-

60,371

60,371

Transfer to ownership

(44,500

)

-

(44,500

)

At 31 December 2024

-

147,614

147,614

NET BOOK VALUE

At 31 December 2024

-

93,873

93,873

At 31 December 2023

-

154,244

154,244

5.

STOCKS

2024

2023

£

£

Stocks

46,400

32,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,163,203

1,173,153

Other debtors

30,338

2,124

Loans

8,429

8,429

Directors' current accounts

41,820

40,900

Tax

14,114

13,500

Prepayment

28,031

27,164

Prepayments

1,145

-

1,287,080

1,265,270

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

103,666

103,666

Hire purchase contracts (see note 9)

48,284

48,284

Trade creditors

251,470

179,405

Tax

136,682

143,125

Social security and other taxes

53,228

70,413

Pension control

21,059

1,203

VAT

234,743

203,733

Accrued expenses

3,850

3,850

852,982

753,679

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

76,646

103,666

Bank loans - 2-5 years

-

76,015

Hire purchase contracts (see note 9)

45,278

93,561

121,924

273,242

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

55,371

55,371

Between one and five years

52,497

107,868

107,868

163,239

Finance charges repayable:

Within one year

7,087

7,087

Between one and five years

7,219

14,307

14,306

21,394

Net obligations repayable:

Within one year

48,284

48,284

Between one and five years

45,278

93,561

93,562

141,845

Non-cancellable

operating leases

2024

2023

£

£

Within one year

145,844

140,695

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Ms J S Joseph

Balance outstanding at start of year

20,501

20,450

Amounts advanced

461

451

Amounts repaid

-

(400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,962

20,501

Mr A I Perley

Balance outstanding at start of year

20,399

20,450

Amounts advanced

459

449

Amounts repaid

-

(500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,858

20,399

11.	ULTIMATE CONTROLLING PARTY

The directors consider that the company has no ultimate controlling party, as the shareholding is widely held and no individual or entity has control over the company.