Company Registration No. 12239679 (England and Wales)
BIG GREEN LIGHT LTD
Unaudited accounts
for the year ended 31 December 2023
BIG GREEN LIGHT LTD
Unaudited accounts
Contents
BIG GREEN LIGHT LTD
Company Information
for the year ended 31 December 2023
Company Number
12239679 (England and Wales)
Registered Office
Big Green Light Limited Office 7
35-37 Ludgate Hill
London
United Kingdom
EC4M 7JN
United Kingdom
Accountants
Addition Financial Limited
Addition at
1 Lyric Square
Hammersmith
London
W6 0NB
BIG GREEN LIGHT LTD
Statement of financial position
as at 31 December 2023
Intangible assets
2,857
4,155
Tangible assets
17,644
22,381
Inventories
466,949
306,279
Cash at bank and in hand
519,883
1,426,849
Creditors: amounts falling due within one year
(237,790)
(555,395)
Net current assets
1,082,585
1,324,134
Total assets less current liabilities
1,103,086
1,350,670
Creditors: amounts falling due after more than one year
(14,190)
(119,244)
Net assets
1,088,896
1,231,426
Called up share capital
46,149
11,149
Share premium
2,910,478
2,214,106
Profit and loss account
(1,867,731)
(993,829)
Shareholders' funds
1,088,896
1,231,426
For the year ending 31 December 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2024 and were signed on its behalf by
Yasmin Sewell
Director
Company Registration No. 12239679
BIG GREEN LIGHT LTD
Notes to the Accounts
for the year ended 31 December 2023
BIG GREEN LIGHT LTD is a private company, limited by shares, registered in England and Wales, registration number 12239679. The registered office is Big Green Light Limited Office 7, 35-37 Ludgate Hill, London, United Kingdom, EC4M 7JN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
BIG GREEN LIGHT LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,514
31,650
33,164
At 31 December 2023
4,373
31,650
36,023
At 1 January 2023
674
10,109
10,783
Charge for the year
1,266
6,330
7,596
At 31 December 2023
1,940
16,439
18,379
At 31 December 2023
2,433
15,211
17,644
At 31 December 2022
840
21,541
22,381
Product Development investment
Amounts falling due within one year
Trade debtors
156,289
78,856
Accrued income and prepayments
11,184
525
Other debtors
147,746
37,121
BIG GREEN LIGHT LTD
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,421
-
Trade creditors
204,243
410,395
Other creditors
23,126
145,000
9
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
119,244
Loans from directors
14,190
-
10
Average number of employees
During the year the average number of employees was 7 (2022: 6).