GREEN POWER TRADING UK LTD Filleted Accounts Cover
GREEN POWER TRADING UK LTD
Company No. 10266537
Information for Filing with The Registrar
31 July 2023
GREEN POWER TRADING UK LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 July 2023.
Principal activities
The principal activity of the company during the year under review was sales of mobility scooters.
Directors
The Directors who served at any time during the year were as follows:
A. Edry
A. Tal
Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with
applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors
have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must
not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of
the company and of the profit or loss of the company for that period. In preparing these accounts, the
directors are required to:

* select suitable accounting policies and then apply them consistently;
* make judgments and estimates that are reasonable and prudent;
* state whether applicable United Kingdom Accounting Standards, comprising FRS 102 Section 1A, have
been followed, subject to any material departures disclosed and explained in the financial statements;
* prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business.

The directors are responsible for keeping adequate accounting records that show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Edry
Director
15 July 2024
GREEN POWER TRADING UK LTD Balance Sheet Registrar
at
31 July 2023
Company No.
10266537
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
8321,040
Tangible assets
5
522,03218,521
522,86419,561
Current assets
Stocks
6
372,425325,168
Debtors
7
163,21559,213
Cash at bank and in hand
3,011,8081,615,315
3,547,4481,999,696
Creditors: Amount falling due within one year
8
(2,252,916)
(1,163,149)
Net current assets
1,294,532836,547
Total assets less current liabilities
1,817,396856,108
Creditors: Amounts falling due after more than one year
9
(174,375)
(96,750)
Net assets
1,643,021759,358
Capital and reserves
Called up share capital
100100
Profit and loss account
10
1,642,921759,258
Total equity
1,643,021759,358
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 July 2024 and signed on its behalf by:
A. Edry
Director
15 July 2024
GREEN POWER TRADING UK LTD Notes to the Accounts Registrar
for the year ended 31 July 2023
1
General information
GREEN POWER TRADING UK LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10266537
Its registered office is:
Unit 1a Longbridge
House Farm Stillington Road
Easingwold, York
YO61 3ET
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Straight line
Motor vehicles
25% Straight line
Furniture, fittings and equipment
20% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as
reported in the profit and loss account because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible.

The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of
the reporting period.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors including expectations of future events that are believed
to be reasonable under the circumstances.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on
notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more
than three months from the date of acquisition and that are readily convertible to known amounts of
cash with insignificant risk of change in value.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
2323
4
Intangible fixed assets
Patents and trade-marks
Total
£
£
Cost
At 1 August 2022
1,0401,040
At 31 July 2023
1,0401,040
Amortisation and impairment
Charge for the year
208208
At 31 July 2023
208208
Net book values
At 31 July 2023
832832
At 31 July 2022
1,0401,040
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 1 August 2022
5,83319,50025,333
Additions
500,00010,054510,054
At 31 July 2023
505,83329,554535,387
Depreciation
At 1 August 2022
4,3742,4386,812
Charge for the year
1,4595,0846,543
At 31 July 2023
5,8337,52213,355
Net book values
At 31 July 2023
500,00022,032522,032
At 31 July 2022
1,459
17,062
18,521
6
Stocks
2023
2022
£
£
Finished goods
372,425325,168
372,425325,168
7
Debtors
2023
2022
£
£
VAT recoverable
73,63259,213
Other debtors
66,980-
Prepayments and accrued income
22,603-
163,21559,213
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,642-
Trade creditors
136,925109,008
Taxes and social security
574,909
475,854
Loans from directors
466,000-
Other creditors
55,19050,537
Accruals and deferred income
1,016,250527,750
2,252,9161,163,149
9
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Accruals and deferred income
174,37596,750
174,37596,750
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Guarantees and commitments
2023
2022
£
£
Total of guarantees and commitments
118,666-
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