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REGISTERED NUMBER: 06505009 (England and Wales)












Green Image Limited

Unaudited Financial Statements

for the Year Ended 31st March 2022






Green Image Limited (Registered number: 06505009)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Green Image Limited

Company Information
for the Year Ended 31st March 2022







DIRECTORS: P Williams
Mrs K Williams





REGISTERED OFFICE: 31-32 Causewayhead
Penzance
Cornwall
TR18 2SP





REGISTERED NUMBER: 06505009 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
FALMOUTH
Cornwall
TR11 3JH

Green Image Limited (Registered number: 06505009)

Statement of Financial Position
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,296 18,612
Investment property 5 200,000 -
227,296 18,612

CURRENT ASSETS
Stocks 35,000 22,000
Debtors 6 41,672 194,686
Cash at bank and in hand 376,269 152,437
452,941 369,123
CREDITORS
Amounts falling due within one year 7 125,911 28,258
NET CURRENT ASSETS 327,030 340,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,326

359,477

CREDITORS
Amounts falling due after more than one
year

8

-

(31,227

)

PROVISIONS FOR LIABILITIES (20,914 ) (3,536 )
NET ASSETS 533,412 324,714

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 533,410 324,712
533,412 324,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

Green Image Limited (Registered number: 06505009)

Statement of Financial Position - continued
31st March 2022


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 20th August 2022 and were signed on its behalf by:





P Williams - Director


Green Image Limited (Registered number: 06505009)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Green Image 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31st March 2022 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS105, the date of transition to FRS 102 Section 1A is 1st April 2020.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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 statement of financial position date.


Green Image Limited (Registered number: 06505009)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2021 - 138,796 5,603 10,000 154,399
Additions 1,653 16,140 - - 17,793
Disposals - - (779 ) - (779 )
At 31st March 2022 1,653 154,936 4,824 10,000 171,413
DEPRECIATION
At 1st April 2021 - 126,922 3,985 4,880 135,787
Charge for year 93 7,004 209 1,024 8,330
At 31st March 2022 93 133,926 4,194 5,904 144,117
NET BOOK VALUE
At 31st March 2022 1,560 21,010 630 4,096 27,296
At 31st March 2021 - 11,874 1,618 5,120 18,612

Green Image Limited (Registered number: 06505009)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 115,665
Revaluations 84,335
At 31st March 2022 200,000
NET BOOK VALUE
At 31st March 2022 200,000

Fair value at 31st March 2022 is represented by:
£   
Valuation in 2022 84,335
Cost 115,665
200,000

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 115,665 -

Investment property was valued on fair value basis on 31st March 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 15,670 14,508
Other debtors 26,002 180,178
41,672 194,686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 72,083 11,534
Other creditors 53,828 16,724
125,911 28,258

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors - 31,227

9. FIRST YEAR ADOPTION