Registered number
10390815
GREENCUBE SERVICES LIMITED
Filleted Accounts
31 December 2022
GREENCUBE SERVICES LIMITED
Registered number: 10390815
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 365 460
Current assets
Stocks 6,929 15,295
Debtors 4 12,245 6,037
Cash at bank and in hand 144,135 99,131
163,309 120,463
Creditors: amounts falling due within one year 5 (116,733) (93,566)
Net current assets 46,576 26,897
Net assets 46,941 27,357
Capital and reserves
Called up share capital 100 100
Profit and loss account 46,841 27,257
Shareholders' funds 46,941 27,357
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Chothani
Director
Approved by the board on 29 December 2023
GREENCUBE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 593
At 31 December 2022 593
Depreciation
At 1 January 2022 133
On disposals 95
At 31 December 2022 228
Net book value
At 31 December 2022 365
At 31 December 2021 460
4 Debtors 2022 2021
£ £
Trade debtors 12,245 4,528
Other debtors - 1,509
12,245 6,037
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - 731
Corporation tax 4,109 3,745
Other taxes and social security costs 11,477 8,597
Other creditors 101,147 80,493
116,733 93,566
6 Other information
GREENCUBE SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
5 Harborne Close
Watford
England
WD19 6TZ
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