Company Registration No. 08569553 (England and Wales)
Vivid Green Eco Systems Ltd
Unaudited accounts
for the year ended 31 March 2023
Vivid Green Eco Systems Ltd
Unaudited accounts
Contents
Vivid Green Eco Systems Ltd
Company Information
for the year ended 31 March 2023
Company Number
08569553 (England and Wales)
Registered Office
8 Church Park Road
Yealmpton
Plymouth
Devon
PL8 2EY
England
Accountants
Greenscombe Accounting Ltd
April Sunset
Latchley
Gunnislake
Cornwall
PL18 9AX
Vivid Green Eco Systems Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
(21,340)
(24,498)
Net current liabilities
(10,989)
(12,954)
Total assets less current liabilities
(10,989)
(12,641)
Provisions for liabilities
Other provisions
(105)
(105)
Net liabilities
(11,094)
(12,746)
Called up share capital
24
24
Profit and loss account
(11,118)
(12,770)
Shareholders' funds
(11,094)
(12,746)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2024 and were signed on its behalf by
Tyran Botha
Director
Company Registration No. 08569553
Vivid Green Eco Systems Ltd
Notes to the Accounts
for the year ended 31 March 2023
Vivid Green Eco Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 08569553. The registered office is 8 Church Park Road, Yealmpton, Plymouth, Devon, PL8 2EY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial
statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational
existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial
statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Vivid Green Eco Systems Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,198
1,846
3,044
At 31 March 2023
1,198
1,846
3,044
At 1 April 2022
885
1,846
2,731
Charge for the year
313
-
313
At 31 March 2023
1,198
1,846
3,044
At 31 March 2022
313
-
313
Amounts falling due within one year
Trade debtors
10,134
11,327
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,458
5,884
Taxes and social security
521
521
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).