Company Registration No. 07998698 (England and Wales)
Greenwood Construction Limited
Unaudited accounts
for the year ended 31 March 2019
Greenwood Construction Limited
Unaudited accounts
Contents
Greenwood Construction Limited
Company Information
for the year ended 31 March 2019
Directors
Nicholas Anthony Greenwood
Caroline Sarah Parker
Company Number
07998698 (England and Wales)
Registered Office
117 East Dundry Road
Whitchurch
Bristol
BS14 0LW
United Kingdom
Accountants
Parker Drew Ltd
Trident Works, Marsh Lane
Temple Cloud
Bristol
BS39 5AZ
Greenwood Construction Limited
Statement of financial position
as at
31 March 2019
Tangible assets
126,009
110,503
Cash at bank and in hand
593,870
563,169
Creditors: amounts falling due within one year
(199,697)
(165,347)
Net current assets
1,004,670
896,706
Total assets less current liabilities
1,130,679
1,007,209
Provisions for liabilities
Deferred tax
(23,942)
(20,996)
Net assets
1,106,737
986,213
Called up share capital
100
100
Profit and loss account
1,106,637
986,113
Shareholders' funds
1,106,737
986,213
For the year ending 31 March 2019 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 20 December 2019.
Nicholas Anthony Greenwood
Director
Company Registration No. 07998698
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2019
Greenwood Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 07998698. 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
4
Intangible fixed assets
Goodwill
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2019
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 2018
19,325
165,950
8,694
15,722
209,691
Additions
-
66,368
-
-
66,368
Disposals
-
(26,100)
-
-
(26,100)
At 31 March 2019
19,325
206,218
8,694
15,722
249,959
At 1 April 2018
7,690
77,117
4,156
10,225
99,188
Charge for the year
1,745
36,050
681
1,375
39,851
On disposals
-
(15,089)
-
-
(15,089)
At 31 March 2019
9,435
98,078
4,837
11,600
123,950
At 31 March 2019
9,890
108,140
3,857
4,122
126,009
At 31 March 2018
11,635
88,833
4,538
5,497
110,503
Trade debtors
133,289
105,916
Accrued income and prepayments
-
4,738
Other debtors
477,208
388,230
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Creditors: amounts falling due within one year
2019
2018
Taxes and social security
140,161
103,304
Loans from directors
43,626
43,838
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2019
8
Transactions with related parties
Greenwood Development Services Limited:
(A company in which the director Mr N Greenwood is a Director and Shareholder)
Payments made on behalf of related party during the year £77,862 (2018 £81,695).
Consultancy services received from the related party during the year Nil (2018 £31,504).
Loan repayments received during the year £250,000 (2018 Nil).
Amount owed from related party as at balance sheet date £216,092 (2018 £388,230).
Greenwood Property Holdings Ltd:
(A company in which the director Mr N Greenwood is a Director and Shareholder)
Payments made on behalf of related party during the year £261,116 (2018 Nil).
Amount owed from related party as at balance sheet date £261,116 (2018 Nil).
9
Average number of employees
During the year the average number of employees was 4 (2018: 4).