Registered number
10507147
Green Footprint Services Limited
Amended Report and Unaudited Accounts
31 December 2022
TRUEMAN BROWN
CHARTERED ACCOUNTANTS
7 FOXGLOVE ROAD
SOUTH OCKENDON
ESSEX. RM15 6EU
Green Footprint Services Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Green Footprint Services Limited
Company Information
Director
P Smith
M Mills
Accountants
Trueman Brown
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
Registered office
Ridley Road
Basildon
Essex
SS13 1EG
Registered number
10507147
Green Footprint Services Limited
Registered number: 10507147
Director's Report
The director presents his report and accounts for the year ended 31 December 2022.
Principal activities
The company's principal activity during the period was the sale of office supplies and stationary.
Directors
The following persons served as directors during the year:
P Smith
M Mills
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 29 September 2023 and signed by its order.
Paul Smith
Secretary
Green Footprint Services Limited
Profit and Loss Account
for the year ended 31 December 2022
2022 2021
£ £
Turnover 1,733,264 1,292,222
Cost of sales (1,419,160) (1,027,982)
Gross profit 314,104 264,240
Administrative expenses (242,300) (200,290)
Other operating income 2,000 19,619
Operating profit 73,804 83,569
Profit on the disposal of tangible fixed assets 14,262 -
Interest payable (1,926) (1,442)
Profit before taxation 86,140 82,127
Tax on profit (17,020) (36,998)
Profit for the financial year 69,120 45,129
Green Footprint Services Limited
Registered number: 10507147
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 12,798 10,455
Current assets
Stocks 20,000 15,000
Debtors 4 358,717 355,592
Cash at bank and in hand 17,941 15,725
396,658 386,317
Creditors: amounts falling due within one year 5 (355,227) (322,109)
Net current assets 41,431 64,208
Total assets less current liabilities 54,229 74,663
Creditors: amounts falling due after more than one year 6 (49,999) (49,999)
Provisions for liabilities (2,432) (1,986)
Net assets 1,798 22,678
Capital and reserves
Called up share capital 200 200
Profit and loss account 1,598 22,478
Shareholder's funds 1,798 22,678
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Paul Smith
Director
Approved by the board on 29 September 2023
Green Footprint Services Limited
Statement of Changes in Equity
for the year ended 31 December 2022
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 January 2021 200 - - 61,349 61,549
Profit for the financial year 45,129 45,129
Dividends (84,000) (84,000)
At 31 December 2021 200 - - 22,478 22,678
At 1 January 2022 200 - - 22,478 22,678
Profit for the financial year 69,120 69,120
Dividends (90,000) (90,000)
At 31 December 2022 200 - - 1,598 1,798
Green Footprint Services Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2022 4,594 13,217 17,811
Additions - 14,000 14,000
Disposals - (13,217) (13,217)
At 31 December 2022 4,594 14,000 18,594
Depreciation
At 1 January 2022 2,069 5,287 7,356
Charge for the year 927 2,800 3,727
On disposals - (5,287) (5,287)
At 31 December 2022 2,996 2,800 5,796
Net book value
At 31 December 2022 1,598 11,200 12,798
At 31 December 2021 2,525 7,930 10,455
4 Debtors 2022 2021
£ £
Trade debtors 376,362 355,464
Other debtors (17,645) 128
358,717 355,592
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 305,755 207,250
Taxation and social security costs 39,886 73,073
Other creditors 9,586 41,786
355,227 322,109
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 49,999 49,999
7 Controlling party
The ultimate controlling party during the period is P Smith by virtue of controlling the majority of the share capital in the company.
8 Other information
Green Footprint Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ridley Road
Basildon
Essex
SS13 1EG
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