Company Registration No. 07998698 (England and Wales)
Greenwood Construction Limited
Unaudited accounts
for the year ended 31 March 2018
Greenwood Construction Limited
Unaudited accounts
Contents
Greenwood Construction Limited
Company Information
for the year ended 31 March 2018
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
PaperCloud
49 Great Clover Leaze
Stoke Gifford
Bristol
BS16 1GG
Greenwood Construction Limited
Statement of financial position
as at
31 March 2018
Tangible assets
110,503
89,594
Cash at bank and in hand
563,169
588,107
Creditors: amounts falling due within one year
(165,347)
(172,151)
Net current assets
896,706
878,114
Total assets less current liabilities
1,007,209
967,708
Provisions for liabilities
Deferred tax
(20,996)
(17,023)
Net assets
986,213
950,685
Called up share capital
100
100
Profit and loss account
986,113
950,585
Shareholders' funds
986,213
950,685
For the year ending 31 March 2018 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 2018.
Nicholas Anthony Greenwood
Director
Company Registration No. 07998698
Greenwood Construction Limited
Notes to the Accounts
for the year ended 31 March 2018
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 2018
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 2017
17,386
117,895
8,694
13,967
157,942
Additions
1,939
61,885
-
1,755
65,579
Disposals
-
(13,830)
-
-
(13,830)
At 31 March 2018
19,325
165,950
8,694
15,722
209,691
At 1 April 2017
5,636
50,963
3,354
8,395
68,348
Charge for the year
2,054
29,612
802
1,830
34,298
On disposals
-
(3,458)
-
-
(3,458)
At 31 March 2018
7,690
77,117
4,156
10,225
99,188
At 31 March 2018
11,635
88,833
4,538
5,497
110,503
At 31 March 2017
11,750
66,932
5,340
5,572
89,594
Trade debtors
105,916
155,623
Accrued income and prepayments
4,738
-
Other debtors
388,230
306,535
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
103,304
117,396
Loans from directors
43,838
44,050
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 £81,695 (2017 Nil).
Consultancy services received from the related party during the year totaling £31,504 (2017 £14,864).
Amount owed from related party as at balance sheet date £388,230 (2017 £306,535).
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Average number of employees
During the year the average number of employees was 4 (2017: 4).