REGISTERED NUMBER: 02252910 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Greens (Decorating) Contractors Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

229,107

210,508

CURRENT ASSETS

Stocks

13,605

6,186

Debtors

5

636,164

846,291

Cash at bank and in hand

275,880

232,019

925,649

1,084,496

CREDITORS

Amounts falling due within one year

6

348,639

423,486

NET CURRENT ASSETS

577,010

661,010

TOTAL ASSETS LESS CURRENT LIABILITIES

806,117

871,518

CREDITORS

Amounts falling due after more than one year

7

(51,212

)

(70,229

)

PROVISIONS FOR LIABILITIES

(48,196

)

(43,041

)

NET ASSETS

706,709

758,248

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

706,509

758,048

SHAREHOLDERS' FUNDS

706,709

758,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 4 December 2025 and were signed on its behalf by:

F H Tyne - Director

1.	STATUTORY INFORMATION

Greens (Decorating) Contractors 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:

02252910

Registered office:

Greens Decorating Contractors Ltd

School Street

Morley

Leeds

West Yorkshire

LS27 8BW

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.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when goods are delivered and legal title passes.

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

-

Straight Line over Lease Period

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

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 45 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

65,642

181,037

512,516

67,041

826,236

Additions

-

851

78,984

2,167

82,002

Disposals

-

-

(53,128

)

-

(53,128

)

At 31 May 2025

65,642

181,888

538,372

69,208

855,110

DEPRECIATION

At 1 June 2024

39,077

161,135

360,421

55,095

615,728

Charge for year

1,313

3,017

53,033

2,090

59,453

Eliminated on disposal

-

-

(49,178

)

-

(49,178

)

At 31 May 2025

40,390

164,152

364,276

57,185

626,003

NET BOOK VALUE

At 31 May 2025

25,252

17,736

174,096

12,023

229,107

At 31 May 2024

26,565

19,902

152,095

11,946

210,508

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

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

90,000

DEPRECIATION

At 1 June 2024

22,500

Charge for year

16,875

At 31 May 2025

39,375

NET BOOK VALUE

At 31 May 2025

50,625

At 31 May 2024

67,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

200,105

189,505

Amounts owed by group undertakings

120,000

260,000

Amounts recoverable on contract

243,691

358,743

Other debtors

72,368

38,043

636,164

846,291

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

9,997

9,391

Hire purchase contracts

8,410

8,410

Trade creditors

163,764

166,903

Taxation and social security

99,860

113,740

Other creditors

66,608

125,042

348,639

423,486

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

837

11,443

Hire purchase contracts

50,375

58,786

51,212

70,229

8.	SECURED DEBTS

An Unlimited Debenture dated 13/07/1990 incorporating a fixed and floating charge with Lloyds Bank PLC.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loaned funds to the company on an interest free basis during the financial year. The balance due to the directors as at 31 May 2025 was £1,245 [2024: £61,890].

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Greens Commercial Holdings Limited.