Company registration number 10351462 (England and Wales)
GREEN TEAM CONSULTING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
GREEN TEAM CONSULTING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
GREEN TEAM CONSULTING LTD (REGISTERED NUMBER: 10351462)
BALANCE SHEET
AS AT 31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,824
22,210
Current assets
Debtors
4
112,177
103,095
Cash at bank and in hand
23,678
22,230
135,855
125,325
Creditors: amounts falling due within one year
5
(123,228)
(115,688)
Net current assets
12,627
9,637
Total assets less current liabilities
29,451
31,847
Creditors: amounts falling due after more than one year
6
(22,834)
(30,478)
Net assets
6,617
1,369
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
6,417
1,169
Total equity
6,617
1,369
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
GREEN TEAM CONSULTING LTD (REGISTERED NUMBER: 10351462)
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023
31 August 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 March 2024 and are signed on its behalf by:
Mr N Linklater
Director
GREEN TEAM CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
1
Accounting policies
Company information
Green Team Consulting Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
- 25% on reducing balance
Motor vehicles
- 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
GREEN TEAM CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
8
8
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 September 2022
7,262
20,500
27,762
Additions
182
182
At 31 August 2023
7,444
20,500
27,944
Depreciation and impairment
At 1 September 2022
4,271
1,281
5,552
Depreciation charged in the year
763
4,805
5,568
At 31 August 2023
5,034
6,086
11,120
Carrying amount
At 31 August 2023
2,410
14,414
16,824
At 31 August 2022
2,991
19,219
22,210
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
60,177
51,095
Other debtors
52,000
52,000
112,177
103,095
GREEN TEAM CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7,215
11,818
Taxation and social security
55,585
48,165
Other creditors
60,428
55,705
123,228
115,688
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
9,014
13,932
Other creditors
13,820
16,546
22,834
30,478
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
200
200
200
200
8
Financial commitments, guarantees and contingent liabilities
During the 2020 accounting period, the company borrowed £25,000 from its bankers for a bounce back loan. As part of its loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.