Registration number:
Green Giraffe Limited
for the Year Ended 31 October 2023
Green Giraffe Limited
(Registration number: 06723359)
Balance Sheet as at 31 October 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Retained earnings |
(16,691) |
(14,981) |
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Shareholders' deficit |
(16,689) |
(14,979) |
For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Green Giraffe Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The company is reliant on the financial support of its directors, who have committed to provide additional cash injections as required. Therefore, the accounts have been prepared on a going concern basis on the understanding that sufficient cash will be made available to enable the company to meet its liabilities as they fall due during the next 12 months.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy services regarding renewables and other green energy products in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for consultancy services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Green Giraffe Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
2023 |
2022 |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Green Giraffe Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Related party transactions |
During the year the company made the following related party transactions:
Elephant's Don't Forget Limited (a company controlled by the directors of Green Giraffe Limited). During the year sales totalling £710,000 (2022: £650,000) were raised to Elephant's Don't Forget Limited. The balance outstanding at the year end in respect of these sales was £437,000 (2022: £430,000) and is included within trade debtors at the year end.
Elephant's Don't Forget Limited also had a loan with the company during the year. At the balance sheet date the amount due from Elephant's Don't Forget Limited was £nil (2022: £711).
Myrtus Inspirations Limited (a company controlled by Mr D Gray). During the year purchases totalling £396,000 (2022: £325,000) were made from Myrtus Inspirations Limited. At the balance sheet date the amount due to Myrtus Inspiration Limited was £173,350 (2022: £180,500).
Endeavor Management Limited (a company controlled by Mr A Harvey). During the year purchases totalling £396,000 (2022: £325,000). were made from Endeavor Management Limited. At the balance sheet date the amount due to Endeavor Management Limited was £247,350 (2022: £230,500).
Mr A Harvey had a loan with the company. At the balance sheet date the amount due to Mr A Harvey was £52,804 (2022: £52,804).
Mr D Gray had a loan with the company. At the balance sheet date the amount due to Mr D Gray was £2,761 (2022: £2,761).