Greenheath International Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Greenheath International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06747009 . The registered office is Toggam Farm Newfen Gravel Drove Sedge Fen Rd, Lakenheath, Brandon, Suffolk, IP27 9LN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Freehold	0% Straight line
Plant & Machinery	20% 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. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future

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Greenheath International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Financial Instruments - continued

cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. 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 years 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 assets reflect 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: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 February 2024	84,660	34,000	118,660

As at 31 January 2025	84,660	34,000	118,660

Depreciation
As at 1 February 2024	-	25,978	25,978
Provided during the period	-	1,605	1,605

As at 31 January 2025	-	27,583	27,583

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Greenheath International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	84,660	6,417	91,077

As at 1 February 2024	84,660	8,022	92,682

5. Investments

	Unlisted
	£
Cost
As at 1 February 2024	60,000

As at 31 January 2025	60,000

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	60,000

As at 1 February 2024	60,000

6. Stocks

	2025	2024
	£	£
Stock	1,784,287	1,801,287

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	644,278	808,861
Other debtors	149,304	123,752

	793,582	932,613

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	227,928	266,354
Bank loans and overdrafts	136	136
Other creditors	151,284	247,567
Taxation and social security	14,836	52,448

	394,184	566,505

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,100	10,100

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		91,077		92,682
Investments	5		60,000		60,000

			151,077		152,682
CURRENT ASSETS
Stocks	6	1,784,287		1,801,287
Debtors	7	793,582		932,613
Cash at bank and in hand		126,665		98,267

		2,704,534		2,832,167
Creditors: Amounts Falling Due Within One Year	8	(394,184 )		(566,505 )

NET CURRENT ASSETS (LIABILITIES)			2,310,350		2,265,662

TOTAL ASSETS LESS CURRENT LIABILITIES			2,461,427		2,418,344

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,605 )		(2,507 )

NET ASSETS			2,459,822		2,415,837

CAPITAL AND RESERVES
Called up share capital	9		10,100		10,100
Share premium account			914,200		914,200
Profit and Loss Account			1,535,522		1,491,537

SHAREHOLDERS' FUNDS			2,459,822		2,415,837