Registered number
08903892
Green Keratin Ltd
Filleted Accounts
28 February 2023
Green Keratin Ltd
Registered number: 08903892
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,903 20,776
Current assets
Stocks 109,550 80,017
Debtors 4 60,425 120,052
Cash at bank and in hand 3,383 28,237
173,358 228,306
Creditors: amounts falling due within one year 5 (142,503) (207,382)
Net current assets 30,855 20,924
Total assets less current liabilities 52,758 41,700
Creditors: amounts falling due after more than one year 6 (46,227) (37,482)
Provisions for liabilities (4,161) (3,864)
Net assets 2,370 354
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,368 352
Shareholders' funds 2,370 354
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.
A Lira
Director
Approved by the board on 29 November 2023
Green Keratin 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 is recognised at the point when the goods are purchased.
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:
Plant and machinery 5 years straight line
Motor vehicle 4 years straight line
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 March 2022 31,761 9,575 41,336
Additions 11,196 - 11,196
At 28 February 2023 42,957 9,575 52,532
Depreciation
At 1 March 2022 16,730 3,830 20,560
Charge for the year 8,154 1,915 10,069
At 28 February 2023 24,884 5,745 30,629
Net book value
At 28 February 2023 18,073 3,830 21,903
At 28 February 2022 15,031 5,745 20,776
4 Debtors 2023 2022
£ £
Trade debtors - 462
Other debtors 60,425 119,590
60,425 120,052
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 100,037 104,882
Taxation and social security costs 37,209 100,469
Other creditors 5,257 2,031
142,503 207,382
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 37,482 37,482
Other creditors 8,745 -
46,227 37,482
7 Related party transactions
At the year end the company owed the directors £8,745 (2022 : £70,019 owed to the company).
8 Controlling party
The Company is controlled by the directors who own 100% of the issued share capital.
9 Other information
Green Keratin Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Filwood Green Business Park
Unit 20
1 Filwood Park Lane
Bristol
BS4 1ET
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