IRIS Accounts Production v25.4.0.155 12679088 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary share 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12679088 2023-07-31 12679088 2024-07-31 12679088 2023-08-01 2024-07-31 12679088 2022-07-31 12679088 2022-08-01 2023-07-31 12679088 2023-07-31 12679088 ns15:EnglandWales 2023-08-01 2024-07-31 12679088 ns14:PoundSterling 2023-08-01 2024-07-31 12679088 ns10:Director1 2023-08-01 2024-07-31 12679088 ns10:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12679088 ns10:SmallEntities 2023-08-01 2024-07-31 12679088 ns10:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12679088 ns10:SmallCompaniesRegimeForDirectorsReport 2023-08-01 2024-07-31 12679088 ns10:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12679088 ns10:FullAccounts 2023-08-01 2024-07-31 12679088 ns10:OrdinaryShareClass1 2023-08-01 2024-07-31 12679088 ns10:RegisteredOffice 2023-08-01 2024-07-31 12679088 ns5:CurrentFinancialInstruments 2024-07-31 12679088 ns5:CurrentFinancialInstruments 2023-07-31 12679088 ns5:ShareCapital 2024-07-31 12679088 ns5:ShareCapital 2023-07-31 12679088 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 12679088 ns5:RetainedEarningsAccumulatedLosses 2023-07-31 12679088 ns5:FurnitureFittings 2023-07-31 12679088 ns5:ComputerEquipment 2023-07-31 12679088 ns5:FurnitureFittings 2023-08-01 2024-07-31 12679088 ns5:ComputerEquipment 2023-08-01 2024-07-31 12679088 ns5:FurnitureFittings 2024-07-31 12679088 ns5:ComputerEquipment 2024-07-31 12679088 ns5:FurnitureFittings 2023-07-31 12679088 ns5:ComputerEquipment 2023-07-31 12679088 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 12679088 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-07-31 12679088 ns10:OrdinaryShareClass1 2024-07-31

REGISTERED NUMBER: 12679088 (England and Wales)

GL101 Limited

Trading as

Greens

Unaudited Financial Statements

for the Year Ended 31 July 2024

| GL101 Limited (Registered number: 12679088) |

| Trading as Greens |

Contents of the Financial Statements

for the Year Ended 31 July 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| GL101 Limited |

| Trading as Greens |

Company Information

for the Year Ended 31 July 2024

| DIRECTOR: | Mr B Gregg

| REGISTERED OFFICE: | Suite 22c

| City Tower

| Piccadilly Plaza

| Manchester

| United Kingdom

| M1 4BT

| REGISTERED NUMBER: | 12679088 (England and Wales)

| GL101 Limited (Registered number: 12679088) |

| Trading as Greens |

Balance Sheet

31 July 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 3,722 |  | 4,963 |  |

CURRENT ASSETS

Stocks | 4,800 |  | 4,608 |  |

Debtors | 6 | 430,627 |  | 310,242 |  |

Cash at bank and in hand | 21,891 |  | 26,714 |  |

457,318 |  | 341,564 |  |

CREDITORS

Amounts falling due within one year | 7 | (487,651 | ) | (334,432 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (30,333 | ) | 7,132 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (26,611 | ) | 12,095 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | (26,711 | ) | 11,995 |  |

SHAREHOLDERS' FUNDS | (26,611 | ) | 12,095 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| GL101 Limited (Registered number: 12679088) |

| Trading as Greens |

Balance Sheet - continued

31 July 2024

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 director and authorised for issue on 9 March 2026 and were signed by:

Mr B Gregg - Director

| GL101 Limited (Registered number: 12679088) |

| Trading as Greens |

Notes to the Financial Statements

for the Year Ended 31 July 2024

1. | GENERAL INFORMATION

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

| The address of its registered office is:

| Suite 22c

| City Tower

| Piccadilly Plaza

| Manchester

| United Kingdom

| M1 4BT

2. | 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).

3. | 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.

| 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.

| 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 current 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.

| 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.

| GL101 Limited (Registered number: 12679088) |

| Trading as Greens |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2024

3. | ACCOUNTING POLICIES - continued

| 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 |  |

| Fixtures & fittings |  | 25% Reducing Balance Method |  |

| Equipment |  | 25% Reducing Balance Method |  |

| 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.

| STOCKS

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 113 (2023 - 113 ) .

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Office |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 August 2023

| and 31 July 2024 | 7,508 |  | 1,746 |  | 9,254 |  |

| DEPRECIATION

| At 1 August 2023 | 3,326 |  | 965 |  | 4,291 |  |

| Charge for year | 1,046 |  | 195 |  | 1,241 |  |

| At 31 July 2024 | 4,372 |  | 1,160 |  | 5,532 |  |

| NET BOOK VALUE

| At 31 July 2024 | 3,136 |  | 586 |  | 3,722 |  |

| At 31 July 2023 | 4,182 |  | 781 |  | 4,963 |  |

| GL101 Limited (Registered number: 12679088) |

| Trading as Greens |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | 430,627 |  | 310,242 |  |

| The debtors include amounts owed from associated companies. It's unlikely that those intercompany debts will be paid in full.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 15,701 |  | - |  |

| Taxation and social security | 177,053 |  | 95,410 |  |

| Other creditors | 294,897 |  | 239,022 |  |

487,651 |  | 334,432 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary share | 1 | 100 |  | 100 |  |