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REGISTERED NUMBER: 07188033 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Green Kit Limited

Green Kit Limited (Registered number: 07188033)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green Kit Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P McEnallay
S E McEnallay





REGISTERED OFFICE: 15 Clarence Road
Kilburn
London
NW6 7TG





REGISTERED NUMBER: 07188033 (England and Wales)





ACCOUNTANTS: Myers & Co Accountants Limited
Suite 204A, East Wing
Sterling House
Langston Road
Loughton
Essex
IG10 3TS

Green Kit Limited (Registered number: 07188033)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 986,784 796,489

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 367,790 359,746
Cash at bank 73,500 103,473
449,290 471,219
CREDITORS
Amounts falling due within one year 6 264,549 278,424
NET CURRENT ASSETS 184,741 192,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,525

989,284

CREDITORS
Amounts falling due after more than one
year

7

(156,098

)

(128,723

)

PROVISIONS FOR LIABILITIES (241,190 ) (193,938 )
NET ASSETS 774,237 666,623

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 774,137 666,523
SHAREHOLDERS' FUNDS 774,237 666,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Green Kit Limited (Registered number: 07188033)

Balance Sheet - continued
31 March 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





P McEnallay - Director


Green Kit Limited (Registered number: 07188033)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Green Kit Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

Green Kit Limited (Registered number: 07188033)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,645,165
Additions 519,224
At 31 March 2024 2,164,389
DEPRECIATION
At 1 April 2023 848,676
Charge for year 328,929
At 31 March 2024 1,177,605
NET BOOK VALUE
At 31 March 2024 986,784
At 31 March 2023 796,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 276,382 225,540
Other debtors 91,408 134,206
367,790 359,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 11,554 27,429
Hire purchase contracts 105,431 52,332
Trade creditors 115,214 83,551
Taxation and social security 24,058 38,926
Other creditors 8,292 76,186
264,549 278,424

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,776 19,760
Hire purchase contracts 145,322 108,963
156,098 128,723