Company Registration No. 7998698 (England and Wales)
Greenwood Construction Limited
Unaudited accounts
for the year ended 31 March 2017
Greenwood Construction Limited
Unaudited accounts
Contents
Greenwood Construction Limited
Company Information
for the year ended 31 March 2017
Directors
Nicholas Anthony Greenwood
Caroline Sarah Parker
Company Number
7998698 (England and Wales)
Registered Office
117 East Dundry Road
Whitchurch
Bristol
BS14 0LW
United Kingdom
Accountants
PaperCloud
49 Great Clover Leaze
Stoke Gifford
Bristol
BS16 1GG
Greenwood Construction Limited
Statement of financial position
as at
31 March 2017
Intangible assets
-
2,000
Tangible assets
89,594
77,467
Cash at bank and in hand
588,107
959,515
Creditors: amounts falling due within one year
(172,151)
(222,234)
Net current assets
878,114
921,506
Total assets less current liabilities
967,708
1,000,973
Provisions for liabilities
Deferred tax
(17,023)
(15,493)
Net assets
950,685
985,480
Called up share capital
100
100
Profit and loss account
950,585
985,380
Shareholders' funds
950,685
985,480
For the year ending 31 March 2017 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 December 2017.
Nicholas Anthony Greenwood
Director
Company Registration No. 7998698
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
Greenwood Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 7998698. The registered office is 117 East Dundry Road, Whitchurch, Bristol, BS14 0LW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Intangible fixed assets
Goodwill
Charge for the year
2,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2016
13,545
83,120
8,694
13,271
118,630
Additions
3,841
34,775
-
696
39,312
At 31 March 2017
17,386
117,895
8,694
13,967
157,942
At 1 April 2016
3,562
28,652
2,412
6,537
41,163
Charge for the year
2,074
22,311
942
1,858
27,185
At 31 March 2017
5,636
50,963
3,354
8,395
68,348
At 31 March 2017
11,750
66,932
5,340
5,572
89,594
At 31 March 2016
9,983
54,468
6,282
6,734
77,467
Trade debtors
155,623
184,225
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
117,396
157,259
Loans from directors
44,050
44,262
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2017
8
Deferred taxation
2017
2016
Accelerated capital allowances
17,023
15,493
Provision at start of year
15,493
8,683
Charged to the profit and loss account
1,530
6,810
Provision at end of year
17,023
15,493
9
Transactions with related parties
Greenwood Development Services Limited:
(A company in which the director Mr N Greenwood is a Director and Shareholder)
Loans to the related party during the year totaling £306,535 (2016 Nil), interest free and repayable on demand.
Consultancy services received from the related party during the year totaling £14,864 (2016 Nil).
Amount owed from related party as at balance sheet date £306,535 (2016 Nil).
10
Average number of employees
During the year the average number of employees was 4 (2016: 3).