Greenways Construction South West Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Greenways Construction South West Ltd

Company Information

Directors

Anthony James Green Simon Green

Company secretary

Mrs Helen Maureen Green

Registered office

The Old Quarry Bridgwater Road Bleadon Somerset BS24 0AG

Accountants

Sally Wonnacott Ltd Chartered Certified AccountantThornworthy Lodge Chagford Newton Abbot Devon TQ13 8EY

Greenways Construction South West Ltd

(Registration number: 07710027)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	244,097	309,544
Current assets
Debtors	5	469,274	457,682
Cash at bank and in hand		72,859	239,686
		542,133	697,368
Creditors: Amounts falling due within one year	6	(245,199)	(295,691)
Net current assets		296,934	401,677
Total assets less current liabilities		541,031	711,221
Creditors: Amounts falling due after more than one year	6	(34,040)	(83,014)
Provisions for liabilities		(44,701)	(57,136)
Net assets		462,290	571,071
Capital and reserves
Called up share capital	7	100	100
Retained earnings		462,190	570,971
Shareholders' funds		462,290	571,071

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 December 2025 and signed on its behalf by:
 

......................................... Anthony James Green Director

Greenways Construction South West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Quarry
Bridgwater Road
Bleadon
Somerset
BS24 0AG

These financial statements were authorised for issue by the Board on 5 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Greenways Construction South West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	3 year straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Greenways Construction South West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 11).

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	8,829	174,058	473,457	656,344
Additions	-	19,500	-	19,500
Disposals	-	(11,184)	-	(11,184)
At 31 July 2025	8,829	182,374	473,457	664,660
Depreciation
At 1 August 2024	-	86,086	260,714	346,800
Charge for the year	-	23,373	53,186	76,559
Eliminated on disposal	-	(2,796)	-	(2,796)
At 31 July 2025	-	106,663	313,900	420,563
Carrying amount
At 31 July 2025	8,829	75,711	159,557	244,097
At 31 July 2024	8,829	87,972	212,743	309,544

Included within the net book value of land and buildings above is £8,829 (2024 - £8,829) in respect of freehold land and buildings.
 

Greenways Construction South West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	164,340	217,241
Other debtors	304,934	240,441
	469,274	457,682

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		66,698	67,972
Trade creditors		150,963	170,109
Taxation and social security		14,179	45,193
Accruals and deferred income		1,500	1,500
Other creditors		11,859	10,917
		245,199	295,691

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £5.00) per ordinary share		-		500

9	Related party transactions

Greenways Construction South West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	100,528	102,741
Contributions paid to money purchase schemes	1,446	1,484
	101,974	104,225

Dividends paid to directors

		2025 £		2024 £
Anthony James Green
Dividends paid during the year		-		500