V.G., MRS M.M. & M.G. GREENWAY LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04689836 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

V.G., MRS M.M. & M.G. GREENWAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Greenway

Mrs M M Greenway

V G Greenway

SECRETARY:

M G Greenway

REGISTERED OFFICE:

St. John's House

Castle Street

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

04689836 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,140,158

1,145,490

1,140,158

1,145,490

CURRENT ASSETS

Debtors

6

1,074,836

802,095

CREDITORS

Amounts falling due within one year

7

71,323

64,622

NET CURRENT ASSETS

1,003,513

737,473

TOTAL ASSETS LESS CURRENT LIABILITIES

2,143,671

1,882,963

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

8

2,143,271

1,882,563

SHAREHOLDERS' FUNDS

2,143,671

1,882,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 10 January 2024 and were signed on its behalf by:

M G Greenway - Director

1.	STATUTORY INFORMATION

V.G., MRS M.M. & M.G. GREENWAY 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.

Intangible assets

Entitlements are being amortised evenly over their estimated useful life.

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

-

15% on cost and Straight line over 20 years

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 NIL (2022 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2022

and 30 April 2023

10,527

AMORTISATION

At 1 May 2022

and 30 April 2023

10,527

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2022

and 30 April 2023

1,118,827

670,479

1,789,306

DEPRECIATION

At 1 May 2022

-

643,816

643,816

Charge for year

-

5,332

5,332

At 30 April 2023

-

649,148

649,148

NET BOOK VALUE

At 30 April 2023

1,118,827

21,331

1,140,158

At 30 April 2022

1,118,827

26,663

1,145,490

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

1,074,836

799,247

Other debtors

-

2,848

1,074,836

802,095

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Taxation and social security

66,559

59,988

Other creditors

4,764

4,634

71,323

64,622

8.

RESERVES

Retained

earnings

£

At 1 May 2022

1,882,563

Profit for the year

266,708

Dividends

(6,000

)

At 30 April 2023

2,143,271

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors are all members of the partnership in which the company supplies contracting services. They, therefore, have an interest in all of the transactions of the company. All transactions take place on an open market basis.

10.	RELATED PARTY DISCLOSURES

The directors are related parties since they are members in the partnership with which the company trades. All of the company's transactions take place on an arms length basis.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, as they hold between them 100% of the voting capital of the company.