Company Registration No. 10809662 (England and Wales)
COMPLETELY GREEN LTD
Unaudited accounts
for the period from 1 July 2022 to 31 December 2023
COMPLETELY GREEN LTD
Unaudited accounts
Contents
COMPLETELY GREEN LTD
Company Information
for the period from 1 July 2022 to 31 December 2023
Director
Richard John Norris
Company Number
10809662 (England and Wales)
Registered Office
DRIVE GREEN
EMBOROUGH
RADSTOCK
BA3 4SL
ENGLAND
COMPLETELY GREEN LTD
Statement of financial position
as at 31 December 2023
Tangible assets
32,120
45,766
Inventories
1,068,377
1,477,064
Cash at bank and in hand
123,145
147,589
Creditors: amounts falling due within one year
(984,451)
(1,145,054)
Net current assets
304,635
538,196
Total assets less current liabilities
336,755
583,962
Creditors: amounts falling due after more than one year
(32,240)
(164,345)
Net assets
304,515
419,617
Called up share capital
2
2
Profit and loss account
304,513
419,615
Shareholders' funds
304,515
419,617
For the period ending 31 December 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 25 March 2024 and were signed on its behalf by
Richard John Norris
Director
Company Registration No. 10809662
COMPLETELY GREEN LTD
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
COMPLETELY GREEN LTD is a private company, limited by shares, registered in England and Wales, registration number 10809662. The registered office is DRIVE GREEN, EMBOROUGH, RADSTOCK, BA3 4SL, 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 period, 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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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:
Motor vehicles
Straight Line 5 years
Computer equipment
Straight Line 3 years
COMPLETELY GREEN LTD
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
12,563
61,394
17,204
91,161
At 31 December 2023
12,563
61,394
26,549
100,506
At 1 July 2022
-
32,878
12,517
45,395
Charge for the period
-
14,686
8,305
22,991
At 31 December 2023
-
47,564
20,822
68,386
At 31 December 2023
12,563
13,830
5,727
32,120
At 30 June 2022
12,563
28,516
4,687
45,766
Finished goods
1,068,377
1,477,064
Amounts falling due within one year
Trade debtors
79,380
54,547
Accrued income and prepayments
4,050
4,050
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
290,020
209,029
Obligations under finance leases and hire purchase contracts
6,430
9,331
Trade creditors
608,611
738,252
Taxes and social security
13,286
73,982
Other creditors
15,345
82,932
The bank has a floating charge over the company’s assets to secure the United Trust Bank loan. The loan in respect of the lease agreement is secured against the asset to which it relates.
COMPLETELY GREEN LTD
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,861
14,429
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Post balance sheet events
The United Trust Bank Loan has been repaid and the floating charge satisfied on the 12 February 2024.
11
Average number of employees
During the period the average number of employees was 5 (2022: 9).