Greenoaks Limited - Accounts to registrar (filleted) - small 18.2
Greenoaks Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2021 |
FOR |
GREENOAKS LIMITED |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2021 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Balance Sheet | 3 | to | 4 |
Notes to the Financial Statements | 5 | to | 9 |
GREENOAKS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 May 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Britannic House |
657 Liverpool Road |
Irlam |
Manchester |
Lancashire |
M44 5XD |
BANKERS: |
11 Stamford New Road |
Altrincham |
Cheshire |
WA14 1BW |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
REPORT OF THE DIRECTOR |
for the Year Ended 31 May 2021 |
The director presents his report with the financial statements of the company for the year ended 31 May 2021. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of the sale of shelving materials, new and secondhand racking. |
DIRECTOR |
His beneficial interests in the shares of the company, according to the register of directors' interests, were as follows: |
31.5.21 | 1.6.20 |
Ordinary 'A' shares of £1 each | 2 | 2 |
He did not hold any non-beneficial interests in the shares of the company. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
BALANCE SHEET |
31 May 2021 |
31.5.21 | 31.5.20 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve | ( |
) |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
BALANCE SHEET - continued |
31 May 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2021 |
1. | STATUTORY INFORMATION |
Greenoaks Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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, after taking account of any grants receivable , at the following annual rates in order to write off each asset over its estimated useful life : |
Freehold land and buildings 1% straight line |
Plant and machinery 25% reducing balance |
Motor vehicles 30% reducing balance |
Government grants |
During the period the company benefited from government grants in the form of the Coronavirus Job Retention Scheme. In accordance with our accounting policy this credit is included in other income within the Income Statement over the same period as the staff costs for which it compensates. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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 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 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. |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2021 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | TANGIBLE FIXED ASSETS |
Short | Plant and | Motor |
leasehold | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2020 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 May 2021 |
DEPRECIATION |
At 1 June 2020 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 May 2021 |
NET BOOK VALUE |
At 31 May 2021 |
At 31 May 2020 |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2021 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 June 2020 |
Additions |
Disposals | ( |
) |
At 31 May 2021 |
DEPRECIATION |
At 1 June 2020 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 May 2021 |
NET BOOK VALUE |
At 31 May 2021 |
At 31 May 2020 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 June 2020 |
and 31 May 2021 |
NET BOOK VALUE |
At 31 May 2021 |
At 31 May 2020 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.21 | 31.5.20 |
£ | £ |
Trade debtors |
Other debtors |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.21 | 31.5.20 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.21 | 31.5.20 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 9) |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31.5.21 | 31.5.20 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
31.5.21 | 31.5.20 |
£ | £ |
Within one year |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.5.21 | 31.5.20 |
£ | £ |
Hire purchase contracts | 70,274 | 68,425 |
Hire purchase contracts are secured on the assets to which they relate. |
GREENOAKS LIMITED (REGISTERED NUMBER: 02008299) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2021 |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr S Beeston. |
During the year the company was under the control of its director. |