Green Linen Limited

GREEN LINEN LIMITED - Company Information

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Company Registration No. NI629344 (Northern Ireland)

Green Linen Limited Unaudited accounts for the year ended 30 April 2019

Green Linen Limited Unaudited accounts Contents

Page

Company information

Statement of financial position

Notes to the accounts

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Green Linen Limited Company Information for the year ended 30 April 2019

Directors

Patrick Heffron Creighton Boyd

Company Number

NI629344 (Northern Ireland)

Registered Office

First Floor The Workshop Unit 9a The Linen Green Moygashel, Dungannon Tyrone BT71 7HB Northern Ireland

Accountants

PGR Chartered Accountants Unit 2 Channel Wharf 21 Old Channel Road Belfast Antrim BT3 9DE

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Green Linen Limited Statement of financial position as at 30 April 2019

2019

2018

Notes

Fixed assets

Tangible assets

26,737

36,760

Current assets

Debtors

6,510

736

Cash at bank and in hand

837

2,564

7,347

3,300

Creditors: amounts falling due within one year

(49,419)

(53,586)

Net current liabilities

(42,072)

(50,286)

Net liabilities

(15,335)

(13,526)

Capital and reserves

Called up share capital

100

Profit and loss account

(15,435)

(13,626)

Shareholders' funds

(15,335)

(13,526)

For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the Board on 13 November 2019.

Creighton Boyd Director Company Registration No. NI629344

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Green Linen Limited Notes to the Accounts for the year ended 30 April 2019

Statutory information

Green Linen Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI629344. The registered office is First Floor, The Workshop Unit 9a The Linen Green, Moygashel, Dungannon, Tyrone, BT71 7HB, Northern Ireland.

Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & machinery

- 20% reducing balance

Motor vehicles

- 20% reducing balance

Fixtures & fittings

- between 10% - 25% straight line or reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and Deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

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Green Linen Limited Notes to the Accounts for the year ended 30 April 2019

Share capital of the company

Ordinary share capital The ordinary share capital of the company is presented as equity.

Tangible fixed assets

Plant & machinery

Motor vehicles

Fixtures & fittings

Total

Cost or valuation

At cost

At 1 May 2018

40,600

16,500

6,297

63,397

At 30 April 2019

40,600

16,500

6,297

63,397

Depreciation

At 1 May 2018

16,496

8,052

2,089

26,637

Charge for the year

7,499

1,690

834

10,023

At 30 April 2019

23,995

9,742

2,923

36,660

Net book value

At 30 April 2019

16,605

6,758

3,374

26,737

At 30 April 2018

24,104

8,448

4,208

36,760

Debtors

2019

2018

Trade debtors

6,510

736

Creditors: amounts falling due within one year

2019

2018

Bank loans and overdrafts

3,323

Trade creditors

1,202

4,129

Amounts owed to group undertakings and other participating interests

40,082

42,257

Taxes and social security

5,676

2,592

Other creditors

1,659

535

Accruals

800

750

49,419

53,586

Average number of employees

During the year the average number of employees was 5 (2018: 5).

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