Registered number
12444618
GREEN BLACK TRANSPORT LTD
Filleted Accounts
28 February 2023
GREEN BLACK TRANSPORT LTD
Registered number: 12444618
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,043 8,589
Current assets
Debtors 4 17,798 25,617
Cash at bank and in hand 122 11,285
17,920 36,902
Creditors: amounts falling due within one year 5 (13,305) (2,137)
Net current assets 4,615 34,765
Total assets less current liabilities 11,658 43,354
Creditors: amounts falling due after more than one year 6 (21,904) (42,900)
Net (liabilities)/assets (10,246) 454
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,346) 354
Shareholder's funds (10,246) 454
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.
Radoslav Marinov MLADENOV
Director
Approved by the board on 8 November 2023
GREEN BLACK TRANSPORT LTD
Notes to the Accounts
for the year ended 28 February 2023
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 rendering of delivery services.
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, at rates calculated to write off the cost, less estimated residual value, @18% per annum ( reducing balance method).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2022 12,774
At 28 February 2023 12,774
Depreciation
At 1 March 2022 4,185
Charge for the year 1,546
At 28 February 2023 5,731
Net book value
At 28 February 2023 7,043
At 28 February 2022 8,589
4 Debtors 2023 2022
£ £
Prepayments & other debtors 17,798 25,617
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 10,800 -
Trade creditors 1,658 1,294
Taxation and social security costs 847 843
13,305 2,137
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,904 42,900
7 Other information
GREEN BLACK TRANSPORT LTD is a private company limited by shares and incorporated in England. Its registered office is:
C/o- Unit 4 , Kinetica
13 Ramsgate Streeet
London
E8 2FD
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