GREENWOOD AUTO SPARES LTD
|
Registered Number
:
06812330
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
GREENWOOD AUTO SPARES LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
GREENWOOD AUTO SPARES LTD
Statement of Financial Position
2020
2021
20,000
20,000
2
Property
,
plant and equipment
|
8,270
10,233
3
28,270
30,233
8,000
8,000
4
Trade and other receivables
|
946
946
5
-
Cash and cash equivalents
|
15,811
24,757
8,946
Trade and other payables
:
amounts falling due within one
|
year
|
(9,587)
(6,920)
6
(641)
17,837
Net current assets
Total assets less current liabilities
|
46,107
29,592
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(15,000)
7
31,107
Net assets
29,592
2
2
31,105
29,590
31,107
29,592
Shareholders' funds
For the year ended 31 March 2021 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 21 September 2021 and were signed by:
|
1 of 5
For the year ended 31 March 2021
GREENWOOD AUTO SPARES LTD
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2021
GREENWOOD AUTO SPARES LTD
Notes to the Financial Statements
Statutory Information
GREENWOOD AUTO SPARES LTD is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
06812330
.
|
COWPEN BEWLEY ROAD
BILLINGHAM
CLEVELAND
TS23 6GX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Motor Vehicles
2
.
Intangible fixed assets
|
Goodwill
20,000
20,000
20,000
20,000
3 of 5
For the year ended 31 March 2021
GREENWOOD AUTO SPARES LTD
Notes to the Financial Statements Continued
3
.
Property
,
plant and equipment
|
22,813
9,945
12,868
105
-
105
12,973
9,945
22,918
Provision for depreciation and impairment
|
12,580
2,726
9,854
Charge for year
2,068
1,444
624
14,648
4,170
10,478
2,495
5,775
8,270
3,014
7,219
10,233
2020
2021
8,000
8,000
5
.
Trade and other receivables
|
2020
2021
Prepayments and accrued income
|
946
946
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
-
4,606
98
-
Taxation and social security
|
5,117
1,610
Accruals and deferred income
|
895
895
Directors
'
loan accounts
|
810
2,476
6,920
9,587
4 of 5
For the year ended 31 March 2021
GREENWOOD AUTO SPARES LTD
Notes to the Financial Statements Continued
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
15,000
-
8
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 3)
5 of 5