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Registered Number: 12335913


 

 

 

GREEN AUTOS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Ahmad MASOUD
Registered Number 12335913
Registered Office Unit 2 Dilloway Industrial E
The Green
UB2 4BG
Accountants Navab and Co. Accountants Ltd
GROUND FLOOR, 143-145 THE BROADWAY
WEST EALING
LONDON
W13 9BE
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2023.
Principal activities
Principal activity of the company during the financial year was of sale of used cars and light motor vehicles
Director
The director who served the company throughout the year was as follows:
Ahmad MASOUD
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to 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. The director is 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 director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Ahmad MASOUD
Director

Date approved: 06 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Navab and Co. Accountants Ltd
30 November 2023



....................................................
Navab and Co. Accountants Ltd
GROUND FLOOR, 143-145 THE BROADWAY
WEST EALING
LONDON
W13 9BE
06 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Turnover 234,434    239,656 
Cost of sales (125,499)   (124,673)
Gross profit 108,935    114,983 
Selling and distribution costs   (30)
Administrative expenses (72,673)   (78,760)
Operating profit 36,262    36,193 
Other interest receivable and similar income 31    73 
Profit/(Loss) on ordinary activities before taxation 36,293    36,266 
Tax on profit on ordinary activities (6,896)   (6,890)
Profit/(Loss) for the financial year 29,397    29,376 
 
4
 
 
Notes
 
2023
£
  2022
£
Current assets      
Stocks 3 49,500    47,000 
Cash at bank and in hand 10,304    356 
59,804    47,356 
Creditors: amount falling due within one year 4 (6,896)   (6,890)
Net current assets 52,908    40,466 
 
Total assets less current liabilities 52,908    40,466 
Creditors: amount falling due after more than one year 5 (32,693)   (22,648)
Net assets 20,215    17,818 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 20,115    17,718 
Shareholders' funds 20,215    17,818 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 06 August 2024 and were signed by:


-------------------------------
Ahmad MASOUD
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 100  14,342  14,442 
Profit for the year 29,376  29,376 
Total comprehensive income for the year 29,376  29,376 
Dividends (26,000) (26,000)
Total investments by and distributions to owners (26,000) (26,000)
At 30 November 2022 100  17,718  17,818 
At 01 December 2022 100  17,718  17,818 
Profit for the year 29,397  29,397 
Total comprehensive income for the year 29,397  29,397 
Dividends (27,000) (27,000)
Total investments by and distributions to owners (27,000) (27,000)
At 30 November 2023 100  20,115  20,215 
6
General Information
Green Autos Ltd is a private company, limited by shares, registered in , registration number 12335913, registration address Unit 2 Dilloway Industrial E, The Green, UB2 4BG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Stocks

2023
£
  2022
£
Finished Goods 49,500    47,000 
49,500    47,000 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 6,896    6,890 
6,896    6,890 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Trade Creditors 25,693    15,648 
Other loans 7,000    7,000 
32,693    22,648 

7