Registered number
03381395
Green Care UK Limited
Filleted Accounts
31 May 2024
Green Care UK Limited
Registered number: 03381395
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 156,165 156,411
Current assets
Debtors 4 11,921 1,109
Cash at bank and in hand 597,670 630,838
609,591 631,947
Creditors: amounts falling due within one year 5 (2,147) 4,700
Net current assets 607,444 636,647
Net assets 763,609 793,058
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 762,609 792,058
Shareholder's funds 763,609 793,058
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
D P Smythe
Director
Approved by the board on 14 August 2024
Green Care UK Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 155,180 26,304 181,484
At 31 May 2024 155,180 26,304 181,484
Depreciation
At 1 June 2023 - 25,073 25,073
Charge for the year - 246 246
At 31 May 2024 - 25,319 25,319
Net book value
At 31 May 2024 155,180 985 156,165
At 31 May 2023 155,180 1,231 156,411
4 Debtors 2024 2023
£ £
Trade debtors 726 1,109
Taxation 2,245 -
Other debtors 8,950 -
11,921 1,109
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,281
Taxation and social security costs 647 (11,603)
Other creditors 1,500 5,622
2,147 (4,700)
6 Other information
Green Care UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Alpha House
Terrace Street
Oldham
Lancashire
OL4 1HG
Green Care UK Limited 03381395 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 D P Smythe No description of principal activity 03381395 2022-06-01 2023-05-31 03381395 core:WithinOneYear 2023-05-31 03381395 core:ShareCapital 2023-05-31 03381395 core:RetainedEarningsAccumulatedLosses 2023-05-31 03381395 2023-06-01 2024-05-31 03381395 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03381395 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03381395 bus:Director40 2023-06-01 2024-05-31 03381395 1 2023-06-01 2024-05-31 03381395 2 2023-06-01 2024-05-31 03381395 core:LandBuildings 2023-06-01 2024-05-31 03381395 core:PlantMachinery 2023-06-01 2024-05-31 03381395 countries:England 2023-06-01 2024-05-31 03381395 bus:FRS102 2023-06-01 2024-05-31 03381395 bus:FilletedAccounts 2023-06-01 2024-05-31 03381395 2024-05-31 03381395 core:WithinOneYear 2024-05-31 03381395 core:ShareCapital 2024-05-31 03381395 core:RetainedEarningsAccumulatedLosses 2024-05-31 03381395 core:LandBuildings 2024-05-31 03381395 core:PlantMachinery 2024-05-31 03381395 2023-05-31 03381395 core:LandBuildings 2023-05-31 03381395 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure