REGISTERED NUMBER: 11556119 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

GREENMOUNT PROJECTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Sharkey

A S Coley

Miss M E F Durkin

D J Ryding

REGISTERED OFFICE:

Hamer House

4 The Parks

Ashton-In-Makerfield

WA12 0JQ

REGISTERED NUMBER:

11556119 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

National Westminster Bank Plc

4 Standishgate

Wigan

Lancashire

WN1 1UJ

FIXED ASSETS

Tangible assets

4

221,210

1,058,701

Investments

5

-

1

221,210

1,058,702

CURRENT ASSETS

Debtors

6

2,919,642

2,456,298

Cash at bank

351,682

404,621

3,271,324

2,860,919

CREDITORS

Amounts falling due within one year

7

2,597,329

2,875,894

NET CURRENT ASSETS/(LIABILITIES)

673,995

(14,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

895,205

1,043,727

CREDITORS

Amounts falling due after more than one year

8

(47,422

)

(48,659

)

PROVISIONS FOR LIABILITIES

10

(37,450

)

(80,770

)

NET ASSETS

810,333

914,298

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

810,113

914,078

SHAREHOLDERS' FUNDS

810,333

914,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 24 October 2025 and were signed on its behalf by:

M J Sharkey - Director

1.	STATUTORY INFORMATION

Greenmount Projects 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.

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 represents the net invoice value of goods and services sold, excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue is measured at the fair value of the work performed by reference to the amount chargeable to clients, excluding value added tax. Revenue not billed to clients at the balance sheet date is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

Tangible fixed assets are included at cost or valuation less depreciation and impairment.

Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Long leasehold

-

2% on cost

Improvements to property

-

2% on cost

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investments in subsidiaries

Investment in subsidiary undertakings are recognised at cost less impairment.

Financial instruments

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Amounts due to and from related undertakings, included directors, are repayable on demand and are measured at the undiscounted amount due. Other liabilities shall be measured at amortised cost using the effective interest rate.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 45 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 March 2024

698,475

172,980

17,500

Additions

-

-

6,850

Disposals

(698,475

)

(172,980

)

-

At 28 February 2025

-

-

24,350

DEPRECIATION

At 1 March 2024

25,611

5,766

7,656

Charge for year

-

-

2,604

Eliminated on disposal

(25,611

)

(5,766

)

-

At 28 February 2025

-

-

10,260

NET BOOK VALUE

At 28 February 2025

-

-

14,090

At 29 February 2024

672,864

167,214

9,844

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

52,144

184,132

62,237

1,187,468

Additions

-

50,658

9,414

66,922

Disposals

-

-

-

(871,455

)

At 28 February 2025

52,144

234,790

71,651

382,935

DEPRECIATION

At 1 March 2024

20,420

39,026

30,288

128,767

Charge for year

7,982

42,560

11,189

64,335

Eliminated on disposal

-

-

-

(31,377

)

At 28 February 2025

28,402

81,586

41,477

161,725

NET BOOK VALUE

At 28 February 2025

23,742

153,204

30,174

221,210

At 29 February 2024

31,724

145,106

31,949

1,058,701

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

1

Disposals

(1

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,773,790

2,047,840

Amounts owed by group undertakings

1,041,949

50,331

Amounts owed by related undertakings

-

6,505

Other debtors

1,700

-

Directors' current accounts

-

167,702

Tax

4,203

69,545

Prepayments and accrued income

98,000

114,375

2,919,642

2,456,298

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,238

1,238

Trade creditors

1,324,058

1,727,454

Tax

122,600

43,000

Social security and other taxes

711,607

407,176

Other creditors

18,683

19,791

Directors' current accounts

1,868

1,485

Accrued expenses

417,275

675,750

2,597,329

2,875,894

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

47,422

48,659

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

48,660

49,897

Hire purchase contracts are secured on the assets concerned.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

37,450

80,770

Deferred

tax

£

Balance at 1 March 2024

80,770

Credit to Income Statement during year

(43,320

)

Balance at 28 February 2025

37,450

11.	OTHER FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £329,987 (2024: £66,761).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J Sharkey by way of ownership of Greenmount Group (UK) Limited, the ultimate parent company.