Company Registration No. 06451611 (England and Wales)
Green Hat Graphic Design Consultants Limited
Unaudited accounts
for the year ended 31 March 2024
Green Hat Graphic Design Consultants Limited
Unaudited accounts
Contents
Green Hat Graphic Design Consultants Limited
Company Information
for the year ended 31 March 2024
Directors
Natalie Miles
Andrew Degg
Company Number
06451611 (England and Wales)
Registered Office
7 OLVESTON ROAD
HORFIELD
BRISTOL
BS7 9PB
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Green Hat Graphic Design Consultants Limited
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Green Hat Graphic Design Consultants Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
26 June 2024
Green Hat Graphic Design Consultants Limited
Statement of financial position
as at 31 March 2024
Tangible assets
5,538
6,292
Cash at bank and in hand
40,701
49,107
Creditors: amounts falling due within one year
(27,194)
(27,031)
Net current assets
37,717
48,593
Total assets less current liabilities
43,255
54,885
Provisions for liabilities
Deferred tax
(1,033)
(1,176)
Called up share capital
2
2
Profit and loss account
42,220
53,707
Shareholders' funds
42,222
53,709
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by
Andrew Degg
Director
Company Registration No. 06451611
Green Hat Graphic Design Consultants Limited
Notes to the Accounts
for the year ended 31 March 2024
Green Hat Graphic Design Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 06451611. The registered office is 7 OLVESTON ROAD, HORFIELD, BRISTOL, BS7 9PB.
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.
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.
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:
Plant & machinery
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Green Hat Graphic Design Consultants Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
3,834
3,219
37,899
44,952
At 31 March 2024
3,834
3,219
39,439
46,492
At 1 April 2023
374
2,282
36,004
38,660
Charge for the year
958
417
919
2,294
At 31 March 2024
1,332
2,699
36,923
40,954
At 31 March 2024
2,502
520
2,516
5,538
At 31 March 2023
3,460
937
1,895
6,292
Amounts falling due within one year
Trade debtors
24,210
23,164
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
15,284
11,451
Taxes and social security
6,601
6,658
7
Deferred taxation
2024
2023
Accelerated capital allowances
1,033
1,176
Provision at start of year
1,176
461
(Credited)/charged to the profit and loss account
(143)
715
Provision at end of year
1,033
1,176
Green Hat Graphic Design Consultants Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).