GREEN THE GREY LTD |
Registered number: |
12026275 |
Balance Sheet |
as at 31 October 2023 |
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Notes |
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2023 |
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2022 |
£ |
£ |
Fixed assets |
Intangible assets |
3 |
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|
2,418 |
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2,561 |
Investments |
4 |
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|
296 |
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|
500 |
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2,714 |
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3,061 |
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Current assets |
Debtors |
5 |
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1,677,975 |
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|
703,200 |
Cash at bank and in hand |
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|
1,049,398 |
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1,967,655 |
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2,727,373 |
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2,670,855 |
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Creditors: amounts falling due within one year |
6 |
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(4,822) |
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(94,190) |
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Net current assets |
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2,722,551 |
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2,576,665 |
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Net assets |
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2,725,265 |
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2,579,726 |
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Capital and reserves |
Called up share capital |
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978 |
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978 |
Capital redemption reserve |
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102 |
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102 |
Profit and loss account |
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2,724,185 |
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2,578,646 |
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Shareholders' funds |
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2,725,265 |
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2,579,726 |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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R A Sabin |
Director |
Approved by the board on 30 July 2024 |
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GREEN THE GREY LTD |
Notes to the Accounts |
for the year ended 31 October 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Group accounts |
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The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by the Companies Act 2006 not to prepare group accounts. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 November 2022 |
2,845 |
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At 31 October 2023 |
2,845 |
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Amortisation |
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At 1 November 2022 |
284 |
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Provided during the year |
143 |
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At 31 October 2023 |
427 |
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Net book value |
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At 31 October 2023 |
2,418 |
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At 31 October 2022 |
2,561 |
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Patents are being written off in equal annual instalments over their estimated economic life of 20 years. |
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4 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 November 2022 |
500 |
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Disposals |
(204) |
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At 31 October 2023 |
296 |
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The company holds 20% or more of the share capital of the following companies: |
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Company |
Shares held |
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Class |
% |
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Growing Revolution Ltd |
Ordinary |
96 |
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Planet People Plants Ltd |
Ordinary |
100 |
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Green The Grey (Sussex) Ltd |
Ordinary |
100 |
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Growing Revolution Ltd develops and sells nature based products and systems. Planet People Plants Ltd owns intangible assets. Green The Grey (Sussex) Ltd does not trade. All companies are incorporated in England and Wales. |
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5 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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131,955 |
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- |
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Other debtors |
1,546,020 |
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703,200 |
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1,677,975 |
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703,200 |
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6 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
290 |
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545 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
100 |
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3,245 |
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Taxation and social security costs |
2,357 |
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- |
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Other creditors |
2,075 |
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90,400 |
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4,822 |
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94,190 |
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7 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
R A Sabin |
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Loan with no repayment terms, interst has been charged on the loan at the HMRC official rate of interest. |
- |
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1,045,235 |
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- |
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1,045,235 |
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- |
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1,045,235 |
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- |
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1,045,235 |
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8 |
Controlling party |
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The company is controlled by R A Sabin who owns 94% of the issued share capital. |
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9 |
Other information |
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GREEN THE GREY LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 15, Donnington Business Park |
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Birdham Road |
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Chichester |
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West Sussex |
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PO20 7DU |