Greenheath Asset Management Limited - Accounts to registrar (filleted) - small 23.1.2

Greenheath Asset Management Limited - Accounts to registrar (filleted) - small 23.1.2

GREENHEATH ASSET MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 08227599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2023

for

Greenheath Asset Management Limited
Integrity Tax & Accountancy Solutions Ltd
May Cottage
Ashfield Road
Norton
Bury St Edmunds
Suffolk
IP31 3NF








Greenheath Asset Management Limited (Registered number: 08227599)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Greenheath Asset Management Limited

Company Information
for the Year Ended 31st January 2023







DIRECTORS: T P V Clayton
R J Southgate





REGISTERED OFFICE: Toggam Farm
Newfen Gravel Drove
Sedge Fen Road
Lakenheath
Suffolk
IP27 9LN





REGISTERED NUMBER: 08227599 (England and Wales)





ACCOUNTANTS: Integrity Tax & Accountancy Solutions Ltd
May Cottage
Ashfield Road
Norton
Bury St Edmunds
Suffolk
IP31 3NF
Page 1
Greenheath Asset Management Limited (Registered number: 08227599)

Balance Sheet
31st January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,489 16,611

CURRENT ASSETS
Stocks 55,434 22,500
Debtors 5 299,941 278,568
Cash at bank and in hand 101,564 122,028
456,939 423,096
CREDITORS
Amounts falling due within one year 6 40,364 48,281
NET CURRENT ASSETS 416,575 374,815
TOTAL ASSETS LESS CURRENT
LIABILITIES
433,064
391,426

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Share premium 250 250
Retained earnings 431,564 389,926
433,064 391,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th October 2023 and were signed on its behalf by:





T P V Clayton - Director


The notes form part of these financial statements

Page 2
Greenheath Asset Management Limited (Registered number: 08227599)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

Greenheath Asset Management 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.
Plant and machinery - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Page 3 continued...
Greenheath Asset Management Limited (Registered number: 08227599)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st February 2022 20,764
Additions 4,000
At 31st January 2023 24,764
DEPRECIATION
At 1st February 2022 4,153
Charge for year 4,122
At 31st January 2023 8,275
NET BOOK VALUE
At 31st January 2023 16,489
At 31st January 2022 16,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 245,898 223,742
Other debtors 54,043 54,826
299,941 278,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 4,200 14,130
Taxation and social security 14,004 11,991
Other creditors 22,160 22,160
40,364 48,281

Page 4