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Company Registration No. 07707460 (England and Wales)
Green Future Design Limited Unaudited accounts for the year ended 31 March 2023
Green Future Design Limited Unaudited accounts Contents
Page
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Green Future Design Limited Company Information for the year ended 31 March 2023
Directors
Ms Ayodele Olufunke Stubbs Mr James Lorenzo Stubbs
Company Number
07707460 (England and Wales)
Registered Office
6 Hanbury Cottages Hanbury Lane Essendon Hatfield AL9 6AY England
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Green Future Design Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2 
2 
Current assets
Debtors
9,447 
18,726 
Cash at bank and in hand
2,982 
6,936 
12,429 
25,662 
Creditors: amounts falling due within one year
(9,323)
(16,671)
Net current assets
3,106 
8,991 
Net assets
3,108 
8,993 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,106 
8,991 
Shareholders' funds
3,108 
8,993 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Mr James Lorenzo Stubbs Director Company Registration No. 07707460
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Green Future Design Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Green Future Design Limited is a private company, limited by shares, registered in England and Wales, registration number 07707460. The registered office is 6 Hanbury Cottages Hanbury Lane, Essendon, Hatfield, AL9 6AY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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Green Future Design Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,634 
At 31 March 2023
5,634 
Depreciation
At 1 April 2022
5,632 
At 31 March 2023
5,632 
Net book value
At 31 March 2023
2 
At 31 March 2022
2 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,576 
10,168 
Other debtors
5,871 
8,558 
9,447 
18,726 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,003 
6,501 
Taxes and social security
4,486 
9,390 
Other creditors
2,114 
- 
Accruals
720 
780 
9,323 
16,671 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr James Lorenzo Stubbs
Loan to directors
7,018 
(1,147)
- 
5,871 
7,018 
(1,147)
- 
5,871 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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