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REGISTERED NUMBER: 03164990 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

GREEN LIGHT LIMITED

GREEN LIGHT LIMITED (REGISTERED NUMBER: 03164990)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN LIGHT LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: P D Baum





SECRETARY:





REGISTERED OFFICE: 222 Upper Richmond Road West
London
SW14 8AH





REGISTERED NUMBER: 03164990 (England and Wales)





ACCOUNTANTS: K S Goring & Co Chartered Accountants
222 Upper Richmond Road West
London
SW14 8AH

GREEN LIGHT LIMITED (REGISTERED NUMBER: 03164990)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 536 805

CURRENT ASSETS
Debtors 5 14,534 9,219
Cash at bank 42,754 18,917
57,288 28,136
CREDITORS
Amounts falling due within one year 6 79,564 26,392
NET CURRENT (LIABILITIES)/ASSETS (22,276 ) 1,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,740

)

2,549

CREDITORS
Amounts falling due after more than one
year

7

35,833

45,833
NET LIABILITIES (57,573 ) (43,284 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (57,575 ) (43,286 )
SHAREHOLDERS' FUNDS (57,573 ) (43,284 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GREEN LIGHT LIMITED (REGISTERED NUMBER: 03164990)

BALANCE SHEET - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





P D Baum - Director


GREEN LIGHT LIMITED (REGISTERED NUMBER: 03164990)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

GREEN LIGHT LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company's workplace pension scheme for its employees is provided through automatic enrolment pension scheme in line with Government legislation.
Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions.
Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 4,575
DEPRECIATION
At 1 March 2022 3,770
Charge for year 269
At 28 February 2023 4,039
NET BOOK VALUE
At 28 February 2023 536
At 28 February 2022 805

GREEN LIGHT LIMITED (REGISTERED NUMBER: 03164990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,818 5,983
Other debtors 716 3,236
14,534 9,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 310 2,499
Other creditors 79,254 23,893
79,564 26,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 35,833 45,833

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between two and five years:
COVID19 Bounce Back Loan 35,833 45,833

9. RELATED PARTY DISCLOSURES

As at year ended 28 February 2023, the company owed the director £34,938 (2022: £15,610).
These loans are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P D Baum.