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Registered number: 01396655
Green Parts Specialist (Ormskirk) Ltd
Financial statements
Information for filing with the registrar
For the year ended 31 July 2025
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Green Parts Specialist (Ormskirk) Ltd
Registered number: 01396655
Balance sheet
As at 31 July 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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Capital redemption reserve
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Non-distributable reserves
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 8 form part of these financial statements.
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
Green Parts Specialist (Ormskirk) Ltd is a private company, limited by shares, registered in England and Wales, company number 01396655. The address of the company's registered office is Acrey Fields Woburn Road, Wootton, Bedfordshire, England, MK43 9EJ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
At 31 July 2025, the company has net current liabilities of £5,983,729 (2024: £3,864,553) and net assets of £10,619,290 (2024: £9,762,566).
After making enquires, and considering the parental support provided by Green Parts Specialist Holding Ltd, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a minimum of 12 months from the date of approval of these financial statements.
Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.
Turnover is the total amount receivable by the Company for rental services. Revenue is recognised based on the period to which the rents receivable relate.
Interest income is recognised in profit or loss using the effective interest method.
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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The average monthly number of employees, including directors, during the year was 5 (2024 -6).
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Assets under construction
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Amounts owed by group undertakings
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Amounts owed by group undertakings are repayable on demand, unsecured and bear no interest.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Amounts due to group undertakings are repayable on demand, unsecured and bear no interest.
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Related party transactions
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In preparing these financial statements, the directors have taken advantage of the exemption available under section 33 paragraph 1A of the Financial Reporting Standard 102, and have not disclosed transactions entered into between wholly owned group undertakings.
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Green Parts Specialist (Ormskirk) Ltd
Notes to the financial statements
For the year ended 31 July 2025
The company's immediate parent undertaking is Green Part Specialist (Ormskirk) Holdings Limited, a company registered in England and Wales. The ultimate parent undertaking and controlling party is Copart Inc, a NASDAQ listed corporation incorporated in Delaware, USA.
The parent undertaking of the smallest and largest group of undertaking of which the company is a member and for which financial statements are drawn up in Copart Inc. Copies of its financial statements are available from Copart Inc, 14185 Dallas Parkway, Ste 300, Dallas, TX 75254, USA.
The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified.
The audit report was signed on 27 April 2026 by John Glover (Senior statutory auditor) on behalf of Hurst Accountants Limited.
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