REGISTERED NUMBER: 08247053 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

GREENHEART CARPENTRY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A Smith

REGISTERED OFFICE:

13 - 14 Gelliwastad Road

Pontypridd

CF38 2BW

REGISTERED NUMBER:

08247053 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Tangible assets

2

26,429

-

CURRENT ASSETS

Stocks

3,733

-

Debtors

449,495

186,942

Cash at bank and in hand

170,410

52,206

623,638

239,148

CREDITORS

Amounts falling due within one year

222,401

116,253

NET CURRENT ASSETS

401,237

122,895

TOTAL ASSETS LESS CURRENT LIABILITIES

427,666

122,895

PROVISIONS FOR LIABILITIES

5,285

-

NET ASSETS

422,381

122,895

CAPITAL AND RESERVES

Called up share capital

3

130

120

Profit and loss account

422,251

122,775

SHAREHOLDERS' FUNDS

422,381

122,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20 March 2017 and were signed by:

Mr A Smith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going

concern have been identified by the directors.

Therefore the financial statements have been prepared on a going concern basis.

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

30,556

At 31 October 2016

30,556

DEPRECIATION

Charge for year

4,127

At 31 October 2016

4,127

NET BOOK VALUE

At 31 October 2016

26,429

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/16

31/10/15

value:

£

£

100

Ordinary

£100

100

100

10

Ordinary A

£10

10

10

10

Ordinary B

£10

10

10

10

Ordinary C

£10

10

-

130

120