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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
Page
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Vivid Green Eco Systems Ltd Company Information for the year ended 31 March 2023
Director
Tyran Botha
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
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Vivid Green Eco Systems Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
313 
Current assets
Inventories
216 
216 
Debtors
10,134 
11,327 
Cash at bank and in hand
1 
1 
10,351 
11,544 
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)
Capital and reserves
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
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Vivid Green Eco Systems Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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:
Plant & machinery
25%
Fixtures & fittings
25%
Inventories
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.
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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 
Depreciation
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 
Net book value
At 31 March 2023
- 
- 
- 
At 31 March 2022
313 
- 
313 
5
Debtors
2023 
2022 
£ 
£ 
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 
Trade creditors
- 
2,873 
Taxes and social security
521 
521 
Accruals
12,361 
15,220 
21,340 
24,498 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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