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Registered number: 02978290
Greenfield Technology Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Assets Limited
Chiltern Chambers
St Peters Avenue
Reading
Berkshire
RG47DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02978290
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,180 11,686
Investments 5 45,219 43,175
85,399 54,861
CURRENT ASSETS
Stocks 6 94,300 82,286
Debtors 7 30,369 27,504
Cash at bank and in hand 144,578 126,835
269,247 236,625
Creditors: Amounts Falling Due Within One Year 8 (126,852 ) (123,488 )
NET CURRENT ASSETS (LIABILITIES) 142,395 113,137
TOTAL ASSETS LESS CURRENT LIABILITIES 227,794 167,998
Creditors: Amounts Falling Due After More Than One Year 9 (23,333 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,634 ) (2,220 )
NET ASSETS 196,827 165,778
CAPITAL AND RESERVES
Called up share capital 11 100 100
Capital redemption reserve 100 100
Profit and Loss Account 196,627 165,578
SHAREHOLDERS' FUNDS 196,827 165,778
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Clive Paul Schofield
Director
20/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Greenfield Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02978290 . The registered office is 10 Station Road, Gerrards Cross, Buckinghamshire, SL9 8EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Fixed asset investments
Fixed asset investments are valued at cost less any provision for permanent diminution in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 7 7
7 7
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2024 64,939 17,673 82,612
Additions 44,878 - 44,878
Disposals (38,319 ) - (38,319 )
As at 31 October 2025 71,498 17,673 89,171
Depreciation
As at 1 November 2024 53,526 17,400 70,926
Provided during the period 13,326 68 13,394
Disposals (35,329 ) - (35,329 )
As at 31 October 2025 31,523 17,468 48,991
Net Book Value
As at 31 October 2025 39,975 205 40,180
As at 1 November 2024 11,413 273 11,686
5. Investments
Unlisted
£
Cost or Valuation
As at 1 November 2024 43,175
Revaluations 2,044
As at 31 October 2025 45,219
Provision
As at 1 November 2024 -
As at 31 October 2025 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 October 2025 45,219
As at 1 November 2024 43,175
6. Stocks
2025 2024
£ £
Stock 94,300 82,286
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,623 870
Prepayments and accrued income 11,450 10,244
Other debtors 16,296 16,390
30,369 27,504
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,000 -
Trade creditors 9,562 11,310
Corporation tax 21,071 6,607
VAT - 17,748
Accruals and deferred income 3,950 3,650
Directors' loan accounts 82,269 84,173
126,852 123,488
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 23,333 -
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,000 -
Later than one year and not later than five years 23,333 -
33,333 -
33,333 -
Page 5
Page 6
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 57,827 57,500
57,827 57,500
Page 6