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REGISTERED NUMBER: 07073877 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

GREENARC LIMITED

GREENARC LIMITED (REGISTERED NUMBER: 07073877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREENARC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: C Bingham
D G Holmes
R S Wallace
M Crockett
Ms D S Newman
J Cosway
B L Duckworth
J P Sharp





REGISTERED OFFICE: Craggs Country Business Park
New Road
Cragg Vale
Hebden Bridge
HX7 5TT





REGISTERED NUMBER: 07073877 (England and Wales)






GREENARC LIMITED (REGISTERED NUMBER: 07073877)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,056 -
Tangible assets 5 33,485 48,669
58,541 48,669

CURRENT ASSETS
Debtors 6 2,718,360 1,160,901
Cash at bank 489,331 91,870
3,207,691 1,252,771
CREDITORS
Amounts falling due within one year 7 2,730,309 1,194,422
NET CURRENT ASSETS 477,382 58,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,923

107,018

PROVISIONS FOR LIABILITIES 10,391 9,247
NET ASSETS 525,532 97,771

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 515,532 87,771
SHAREHOLDERS' FUNDS 525,532 97,771

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

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

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 9 September 2022 and were signed on its behalf by:




C Bingham - Director


GREENARC LIMITED (REGISTERED NUMBER: 07073877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Greenarc 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - between 3 and 5 years

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 balance sheet date.

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

GREENARC LIMITED (REGISTERED NUMBER: 07073877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 27,753
At 31 March 2022 27,753
AMORTISATION
Charge for year 2,697
At 31 March 2022 2,697
NET BOOK VALUE
At 31 March 2022 25,056

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 62,725
Additions 1,487
At 31 March 2022 64,212
DEPRECIATION
At 1 April 2021 14,056
Charge for year 16,671
At 31 March 2022 30,727
NET BOOK VALUE
At 31 March 2022 33,485
At 31 March 2021 48,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,669,995 1,138,196
Other debtors 48,365 22,705
2,718,360 1,160,901

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 2,458,495 710,211
Taxation and social security 167,695 37,841
Other creditors 104,119 446,370
2,730,309 1,194,422

GREENARC LIMITED (REGISTERED NUMBER: 07073877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

8. RELATED PARTY DISCLOSURES

During the period costs were recharged to Greenarc Limited of £180,641 (2021: £43,806) from Craggs Energy Limited, a company with common Directors.

The amounts (owed to)/due from related parties under common control at the year end are as follows;
31.03.22 31.03.21
£    £   

Craggs Energy Limited (1,060 ) (346,513 )
Greenarc Fuel Cards Limited Nil (450 )
(1,060 ) (346,963 )