Greenfingers (Kenilworth) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01482244 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

GREENFINGERS (KENILWORTH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J B Beaumont

Mr A L Beaumont

Mr P A Seager

REGISTERED OFFICE:

Kington Lane

Claverdon

Warwickshire

CV35 8PP

REGISTERED NUMBER:

01482244 (England and Wales)

ACCOUNTANTS:

Michael Harwood & Co

Chartered Accountants

Greville House

10 Jury Street

Warwick

Warwickshire

CV34 4EW

BANKERS:

Barclays Bank Plc

Barclays Business Banking Centre

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

91,646

102,797

CURRENT ASSETS

Stocks

291,540

212,745

Debtors

5

4,660

2,141

Cash at bank and in hand

385,556

125,226

681,756

340,112

CREDITORS

Amounts falling due within one year

6

364,025

102,910

NET CURRENT ASSETS

317,731

237,202

TOTAL ASSETS LESS CURRENT LIABILITIES

409,377

339,999

CREDITORS

Amounts falling due after more than one year

7

-

11,111

NET ASSETS

409,377

328,888

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

13,250

13,250

Retained earnings

396,027

315,538

SHAREHOLDERS' FUNDS

409,377

328,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2021 and were signed on its behalf by:

Mr A L Beaumont - Director

1.	STATUTORY INFORMATION

Greenfingers (Kenilworth) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvement to buildings

-

5% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvement

to

Plant and

Motor

Land

buildings

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2020

73,357

117,722

122,351

30,678

344,108

Additions

-

-

513

-

513

At 31 December 2020

73,357

117,722

122,864

30,678

344,621

DEPRECIATION

At 1 January 2020

-

107,075

120,817

13,419

241,311

Charge for year

-

3,307

689

7,668

11,664

At 31 December 2020

-

110,382

121,506

21,087

252,975

NET BOOK VALUE

At 31 December 2020

73,357

7,340

1,358

9,591

91,646

At 31 December 2019

73,357

10,647

1,534

17,259

102,797

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2020

and 31 December 2020

30,678

DEPRECIATION

At 1 January 2020

13,419

Charge for year

7,668

At 31 December 2020

21,087

NET BOOK VALUE

At 31 December 2020

9,591

At 31 December 2019

17,259

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

3,733

349

Prepayments and accrued income

927

1,792

4,660

2,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Hire purchase contracts

11,111

4,403

Trade creditors

205,690

11,970

Tax

35,504

30,357

Social security and other taxes

2,557

3,132

VAT

36,666

22,277

Directors' current accounts

40,711

25,508

Accrued expenses

31,786

5,263

364,025

102,910

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Hire purchase contracts

-

11,111

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

value

reserve

£

At 1 January 2020

and 31 December 2020

13,250