Green River Garden Revival Limited Accounts

GREEN RIVER GARDEN REVIVAL LIMITED - Company Information






Green River Garden Revival Limited

	Company No. 10947938
		Information for Filing with The Registrar
		30 September 2022

The Director presents his report and the accounts for the year ended 30 September 2022.

Principal activities
The principal activity of the company during the year under review was garden maintenance and garden landscaping.




Director

The Director who served at any time during the year was as follows:

Paolo Milazzo







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Paolo Milazzo
Director
11 July 2023

at	30 September 2022
Company No.		10947938	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		5	18,526	17,639


				18,526	17,639
Current assets

	Debtors		6	1,333	10,317

	Cash at bank and in hand			2,543	728
				3,876	11,045
Creditors: Amount falling due within one year			7	(28,745)	(15,324)
Net current liabilities				(24,869)	(4,279)
Total assets less current liabilities				(6,343)	13,360
Creditors: Amounts falling due after more than one year			8	(12,161)	(18,460)



Net liabilities				(18,504)	(5,100)

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		10	(18,505)	(5,101)

Total equity				(18,504)	(5,100)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 11 July 2023
And signed on its behalf by:
Paolo Milazzo
Director
11 July 2023

for the year ended 30 September 2022

General information

Its registered number is: 10947938

Its registered office is:

C17 Kestrel Business Centre

Colwick Industrial Estate

Nottingham

NG4 2JR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis. The director, who is one of the principal creditors of the company has confirmed that he does not intend to withdraw his financial support in the foreseeable future.

Accounting policies

Turnover

Turnover represents the fair value of the consideration receivable in respect of services provided during the year. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:

(a) The contractual rights to the cash flows from the asset expire or are settled;

(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or

(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

Grants receivable

Grants from the government are recognised at their fair value when there is a reasonable assurance that the grant will be received and the company will comply with the relevant conditions.

Amounts receivable are recognised in the Profit and Loss account Grant accounting has been applied to the amount receivable under the Job Retention Scheme and the interest paid by the government in respect of the Business Bounce-Back Loan.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Other operating income:
			2022	2021
			£	£
		Interest on CBILS loan		493
		Coronavirus Job Retention Scheme grants		2,252
			-	2,745

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 October 2021	14,543	9,500	595	24,638
		Additions	5,753	301	-	6,054



		At 30 September 2022	20,296	9,801	595	30,692
		Depreciation
		At 1 October 2021	4,475	2,375	149	6,999
		Charge for the year	3,236	1,819	112	5,167



		At 30 September 2022	7,711	4,194	261	12,166
		Net book values
		At 30 September 2022	12,585	5,607	334	18,526
		At 30 September 2021	10,068	7,125	446	17,639

6	Debtors
			2022	2021
			£	£
		Trade debtors	1,019	5,949

		Corporation tax recoverable	214	-
		Deferred tax asset	-	-
		VAT recoverable	-	3,790

		Other debtors	-	308
		Prepayments and accrued income	100	270
			1,333	10,317

7	Creditors:
		amounts falling due within one year
			2022	2021
			£	£

		Bank loans and overdrafts	3,844	2,000

		Obligations under finance lease and hire purchase contracts	460	690
		Trade creditors	736	1,726

		Taxes and social security	284	-
		Loans from directors	20,177	9,684
		Other creditors	1,694	424
		Accruals and deferred income	1,550	800
			28,745	15,324

8	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£

		Bank loans and overdrafts	12,161	18,000

		Obligations under finance lease and hire purchase contracts	-	460




			12,161	18,460

Share Capital

Share capital consists of 1 Ordinary Share which is fully paid up.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

11	Related party transactions

	Balances owed to and from director:

			2022	2021
			£	£
		Paolo Milazzo	(20,177)	(9,684)
			(20,177)	(9,684)