Greene Works Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08655010 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 19 August 2013 to 31 August 2014

for

Greene Works Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B A Belton

Mrs T Belton

REGISTERED OFFICE:

10 Hatchetts Drive

Woolmer Hill

Haslemere

Surrey

GU27 1LZ

REGISTERED NUMBER:

08655010 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

2

7,120

CURRENT ASSETS

Stocks

7,631

Debtors

11,177

Cash at bank

588

19,396

CREDITORS

Amounts falling due within one year

24,841

NET CURRENT LIABILITIES

(5,445

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,675

PROVISIONS FOR LIABILITIES

1,424

NET ASSETS

251

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

151

SHAREHOLDERS' FUNDS

251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2015 and were signed on its behalf by:

B A Belton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

9,493

At 31 August 2014

9,493

DEPRECIATION

Charge for period

2,373

At 31 August 2014

2,373

NET BOOK VALUE

At 31 August 2014

7,120

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

70

Ordinary A

£1

70

30

Ordinary B

£1

30

100

The following shares were allotted and fully paid for cash at par during the period:

70 Ordinary A shares of £1 each

30 Ordinary B shares of £1 each

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2014:

£

B A Belton and Mrs T Belton

Balance outstanding at start of period

-

Amounts advanced

4,872

Amounts repaid

-

Balance outstanding at end of period

4,872

The maximum amount outstanding during the period and due to the company was £4,872. No interest was paid

during the period on this balance.

5.	RELATED PARTY DISCLOSURES

During the period, total dividends of £5,200 were paid to the directors .

During the year the company provided £105,833 of materials and £13,000 of consultancy fees to Brandy

Investments Limited, a company in which B A Belton is also a director. Included in debtors is an amount of

£4,200 due from Brandy Investments Limited.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B A Belton.