REGISTERED NUMBER: 11780210 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Greenbanks Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Saunders

Mrs L Saunders

SECRETARY:

Mrs L Saunders

REGISTERED OFFICE:

7 Great Lane

Frisby On The Wreake

Melton Mowbray

Leicestershire

LE14 2PB

REGISTERED NUMBER:

11780210 (England and Wales)

ACCOUNTANTS:

SRB Associates (Leicestershire) Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

FIXED ASSETS

Tangible assets

4

41,194

46,127

CURRENT ASSETS

Stocks

11,400

3,386

Debtors

5

533

9,438

Cash at bank and in hand

7,111

10,237

19,044

23,061

CREDITORS

Amounts falling due within one year

6

47,878

45,469

NET CURRENT LIABILITIES

(28,834

)

(22,408

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,360

23,719

CREDITORS

Amounts falling due after more than one year

7

(4,849

)

(11,546

)

PROVISIONS FOR LIABILITIES

8

(6,765

)

(7,390

)

NET ASSETS

746

4,783

CAPITAL AND RESERVES

Called up share capital

9

110

110

Retained earnings

636

4,673

SHAREHOLDERS' FUNDS

746

4,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 15 October 2025 and were signed on its behalf by:

Mr D Saunders - Director

1.	STATUTORY INFORMATION

Greenbanks Construction Limited 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 comprises the invoiced value of goods and services supplied by the company during the period.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Plant and Machinery - 20% Reducing Balance Basis

Motor Vehicles - 20% Reducing Balance Basis

Office Equipment - 33.33% Straight Line Basis

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

65,871

25,090

1,571

92,532

Additions

1,032

6,083

499

7,614

Disposals

-

(6,000

)

-

(6,000

)

At 31 January 2025

66,903

25,173

2,070

94,146

DEPRECIATION

At 1 February 2024

26,957

17,877

1,571

46,405

Charge for year

7,989

2,968

166

11,123

Eliminated on disposal

-

(4,576

)

-

(4,576

)

At 31 January 2025

34,946

16,269

1,737

52,952

NET BOOK VALUE

At 31 January 2025

31,957

8,904

333

41,194

At 31 January 2024

38,914

7,213

-

46,127

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

-

8,193

Other debtors

533

1,245

533

9,438

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

15,314

17,952

Taxation and social security

8,461

14,176

Other creditors

24,103

13,341

47,878

45,469

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other creditors

4,849

11,546

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

6,765

7,390

Deferred

tax

£

Balance at 1 February 2024

7,390

Credit to Income Statement during year

(625

)

Balance at 31 January 2025

6,765

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary B

£1

10

10

110

110

10.	RELATED PARTY DISCLOSURES

Included in creditors is an amount totalling £15,488 (2024 : £4,935), representing a loan by the directors to the company. This is repayable on demand and interest free.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Saunders.