Green Steel & Cladding Limited - Accounts to registrar (filleted) - small 18.2

Green Steel & Cladding Limited - Accounts to registrar (filleted) - small 18.2

GREEN STEEL & CLADDING LIMITED - Company Information

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REGISTERED NUMBER: 07461111 (England and Wales)















GREEN STEEL & CLADDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020






GREEN STEEL & CLADDING LIMITED (REGISTERED NUMBER: 07461111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


GREEN STEEL & CLADDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR: D W Green





REGISTERED OFFICE: The Quappelodes
Kirkgate
Whaplode
Spalding
Lincolnshire
PE12 6TE





REGISTERED NUMBER: 07461111 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR
Page 1
GREEN STEEL & CLADDING LIMITED (REGISTERED NUMBER: 07461111)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,501 55,170

CURRENT ASSETS
Stocks 38,838 7,607
Debtors 5 75,748 77,915
Cash at bank and in hand 247,792 164,789
362,378 250,311
CREDITORS
Amounts falling due within one year 6 94,723 48,960
NET CURRENT ASSETS 267,655 201,351
TOTAL ASSETS LESS CURRENT LIABILITIES 310,156 256,521

PROVISIONS FOR LIABILITIES 8,075 10,482
NET ASSETS 302,081 246,039

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 301,081 245,039
SHAREHOLDERS' FUNDS 302,081 246,039

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 director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
GREEN STEEL & CLADDING LIMITED (REGISTERED NUMBER: 07461111)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2020


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 9 July 2021 and were signed by:





D W Green - Director


The notes form part of these financial statements

Page 3
GREEN STEEL & CLADDING LIMITED (REGISTERED NUMBER: 07461111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Green Steel & Cladding 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.

Turnover represents amounts charged to customers for goods and services provided during the year, excluding value added tax and trade discounts. Revenue is recognised once the attributable profit can reliably be measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 10% on reducing balance and 2 % on cost (buildings only)

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Page 4 continued...
GREEN STEEL & CLADDING LIMITED (REGISTERED NUMBER: 07461111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

2. ACCOUNTING POLICIES - continued

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.

Government grants

During the year the company received Coronavirus Job Retention Scheme (CJRS) payments.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 109,063
Additions 1,450
At 31 December 2020 110,513
DEPRECIATION
At 1 January 2020 53,893
Charge for year 14,119
At 31 December 2020 68,012
NET BOOK VALUE
At 31 December 2020 42,501
At 31 December 2019 55,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 73,160 76,784
Other debtors 2,588 1,131
75,748 77,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 34,632 29,069
Taxation and social security 39,210 19,039
Other creditors 20,881 852
94,723 48,960

Page 5 continued...
GREEN STEEL & CLADDING LIMITED (REGISTERED NUMBER: 07461111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

8. CONTINGENT LIABILITIES

Since the year end the company is dealing with an investigation into a workplace accident. At this time it is not possible to accurately assess the likely outcome of this investigation and therefore it is not possible to estimate the financial effect that this may have on the financial statements.

Page 6