REGISTERED NUMBER: 04104521 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GREENSTIK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Dunn

S C Cliffe

B E Gregory

SECRETARY:

G T Dunn

REGISTERED OFFICE:

Unit 9

Lancaster Road

Carnaby Industrial Estate

Bridlington

East Yorkshire

YO15 3QY

REGISTERED NUMBER:

04104521 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

170,116

188,817

CURRENT ASSETS

Stocks

340,424

347,191

Debtors

5

1,951,186

1,984,452

Cash at bank and in hand

54,462

39,511

2,346,072

2,371,154

CREDITORS

Amounts falling due within one year

6

1,001,375

1,084,374

NET CURRENT ASSETS

1,344,697

1,286,780

TOTAL ASSETS LESS CURRENT LIABILITIES

1,514,813

1,475,597

CREDITORS

Amounts falling due after more than one year

7

(15,248

)

(28,362

)

PROVISIONS FOR LIABILITIES

(12,997

)

(15,754

)

NET ASSETS

1,486,568

1,431,481

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,486,468

1,431,381

SHAREHOLDERS' FUNDS

1,486,568

1,431,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

G T Dunn - Director

1.	STATUTORY INFORMATION

Greenstik 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 sale of label stock products and is recognised on the supply of goods.

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.

Improvements to property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company has implemented an auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

475,974

Additions

4,294

At 30 June 2025

480,268

DEPRECIATION

At 1 July 2024

287,157

Charge for year

22,995

At 30 June 2025

310,152

NET BOOK VALUE

At 30 June 2025

170,116

At 30 June 2024

188,817

The net book value of tangible fixed assets includes £ 9,744 (2024 - £ 12,992 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS

30.6.25

30.6.24

£

£

Amounts falling due within one year:

Trade debtors

486,329

532,651

Amounts owed by associates

104,487

90,723

Other debtors

32,622

33,330

623,438

656,704

30.6.25

30.6.24

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,327,748

1,327,748

Aggregate amounts

1,951,186

1,984,452

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

3,114

2,764

Trade creditors

557,970

592,879

Taxation and social security

84,293

86,035

Other creditors

345,998

392,696

1,001,375

1,084,374

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

4,167

14,167

Hire purchase contracts

11,081

14,195

15,248

28,362

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

14,195

16,959

Factoring account

313,538

351,062

327,733

368,021

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

B E Gregory

Balance outstanding at start of year

31,900

34,400

Amounts repaid

(2,500

)

(2,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,400

31,900

11.	RELATED PARTY DISCLOSURES

During the year, loan balances existed with Greenstik Materials Limited, a company under common control. As at 30 June 2025, the aggregate outstanding balance on these loans, which is included in debtors, was £104,487 (2024: £90,723).

The company occupies premises owned by the Greenstik Limited Small Self-Administered Pension Plan, a pension scheme in which G T Dunn and S C Cliffe are trustees and members. During the year rent of £85,200 (2024: £85,200) was paid in respect of these premises.

In the prior year the company paid management charges totalling £80,000 to Insignia Label Solutions Limited, a company controlled by S C Cliffe.