Greene Works Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08655010 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Greene Works Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B A Belton

Mrs T Belton

REGISTERED OFFICE:

10 Hatchetts Drive

Woolmer Hill

Haslemere

Surrey

GU27 1LZ

REGISTERED NUMBER:

08655010 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

2

4,747

7,120

CURRENT ASSETS

Stocks

-

7,631

Debtors

27,268

11,177

Cash at bank

313

588

27,581

19,396

CREDITORS

Amounts falling due within one year

29,326

24,841

NET CURRENT LIABILITIES

(1,745

)

(5,445

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,002

1,675

PROVISIONS FOR LIABILITIES

949

1,424

NET ASSETS

2,053

251

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,953

151

SHAREHOLDERS' FUNDS

2,053

251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 February 2016 and were signed on its behalf by:

B A Belton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services and goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

9,493

DEPRECIATION

At 1 September 2014

2,373

Charge for year

2,373

At 31 August 2015

4,746

NET BOOK VALUE

At 31 August 2015

4,747

At 31 August 2014

7,120

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

70

Ordinary A

£1

70

30

Ordinary B

£1

30

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2015 and the period

ended 31 August 2014:

31.8.15

31.8.14

£

B A Belton and Mrs T Belton

Balance outstanding at start of year

4,872

-

Amounts advanced

23,235

4,872

Amounts repaid

(4,872

)

-

Balance outstanding at end of year

23,235

4,872

The maximum amount outstanding during the year and due to the company was £23,235 (2014 £4,872). No

interest was paid during the year on this balance.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £3,398 (2014 - £5,200) were paid to the directors .

During the year the company made sales of £96,500 (2014 £118,833) Brandy Investments Limited, a company

in which B A Belton is also a director. Included in trade debtors is an amount of £Nil (2014 £4,200) due from

Brandy Investments Limited.

Included in creditors is an amount of £11,843 (2014 £Nil) due to Brandy Investments Limited.

During the year the company made sales of £6,000 (2014 £Nil) to Brandy Limited, a company in which B A

Belton is also a director.

Included in creditors is an amount of £10,157 (2014 £Nil) due to Brandy Limited.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B A Belton.