IRIS Accounts Production v24.2.0.383 04920724 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049207242022-12-31049207242023-12-31049207242023-01-012023-12-31049207242021-12-31049207242022-01-012022-12-31049207242022-12-3104920724ns15:EnglandWales2023-01-012023-12-3104920724ns14:PoundSterling2023-01-012023-12-3104920724ns10:Director12023-01-012023-12-3104920724ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104920724ns10:SmallEntities2023-01-012023-12-3104920724ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104920724ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104920724ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104920724ns10:FullAccounts2023-01-012023-12-310492072412023-01-012023-12-3104920724ns10:OrdinaryShareClass12023-01-012023-12-3104920724ns10:RegisteredOffice2023-01-012023-12-3104920724ns5:CurrentFinancialInstruments2023-12-3104920724ns5:CurrentFinancialInstruments2022-12-3104920724ns5:Non-currentFinancialInstruments2023-12-3104920724ns5:Non-currentFinancialInstruments2022-12-3104920724ns5:ShareCapital2023-12-3104920724ns5:ShareCapital2022-12-3104920724ns5:RetainedEarningsAccumulatedLosses2023-12-3104920724ns5:RetainedEarningsAccumulatedLosses2022-12-3104920724ns5:NetGoodwill2023-01-012023-12-3104920724ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104920724ns5:NetGoodwill2022-12-3104920724ns5:NetGoodwill2023-12-3104920724ns5:NetGoodwill2022-12-3104920724ns5:LandBuildings2022-12-3104920724ns5:PlantMachinery2022-12-3104920724ns5:LandBuildings2023-01-012023-12-3104920724ns5:PlantMachinery2023-01-012023-12-3104920724ns5:LandBuildings2023-12-3104920724ns5:PlantMachinery2023-12-3104920724ns5:LandBuildings2022-12-3104920724ns5:PlantMachinery2022-12-3104920724ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104920724ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3104920724ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3104920724ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104920724ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104920724ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104920724ns5:Secured2023-12-3104920724ns5:Secured2022-12-3104920724ns5:DeferredTaxation2022-12-3104920724ns5:DeferredTaxation2023-01-012023-12-3104920724ns5:DeferredTaxation2023-12-3104920724ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04920724 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Greener Transport Limited

Greener Transport Limited (Registered number: 04920724)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 9


Greener Transport Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J P Greener





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 04920724 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Greener Transport Limited (Registered number: 04920724)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 544,391 612,369
544,391 612,369

CURRENT ASSETS
Stocks - 16,000
Debtors 7 34,876 104,267
Cash at bank 62,008 38,919
96,884 159,186
CREDITORS
Amounts falling due within one year 8 138,083 226,522
NET CURRENT LIABILITIES (41,199 ) (67,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 503,192 545,033

CREDITORS
Amounts falling due after more than one
year

9

(20,717

)

(32,148

)

PROVISIONS FOR LIABILITIES 11 (21,366 ) (37,446 )
NET ASSETS 461,109 475,439

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 461,009 475,339
SHAREHOLDERS' FUNDS 461,109 475,439

Greener Transport Limited (Registered number: 04920724)

Statement of Financial Position - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 August 2024 and were signed by:





Mr J P Greener - Director


Greener Transport Limited (Registered number: 04920724)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Greener Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company has net current liabilities and is, therefore, dependent on the financial support of the director in the short term. Such support will be available for the foreseeable future until at least 12 months from the date of the directors report. That being the case, the director considers it appropriate to prepare the accounts on the going concern basis.

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

Turnover represents the amount derived from the provision of goods and services falling within the company's activities.

Revenue is recognised upon proof of delivery at which point invoices are raised and sales are recorded in the accounting system.

Goodwill
Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Freehold property - 2% on cost from the year following the year of acquisition
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

Greener Transport Limited (Registered number: 04920724)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the transaction constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends to either settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments that are classified as payable or receivable within one year on initial recognition are measured at the undiscounted amount of cash or other consideration expected to be paid or received, net of impairment.

Financial assets are derecognised when, and only when (a) the contractual rights to the cash flows from the financial asset expire or are settled, (b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or (c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Greener Transport Limited (Registered number: 04920724)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Non-financial assets
An asset is impaired where the is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 186,000
AMORTISATION
At 1 January 2023
and 31 December 2023 186,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Greener Transport Limited (Registered number: 04920724)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 519,288 517,495 1,036,783
Additions 15,621 15,536 31,157
Disposals - (200,720 ) (200,720 )
At 31 December 2023 534,909 332,311 867,220
DEPRECIATION
At 1 January 2023 49,102 375,312 424,414
Charge for year 10,617 18,102 28,719
Eliminated on disposal - (130,304 ) (130,304 )
At 31 December 2023 59,719 263,110 322,829
NET BOOK VALUE
At 31 December 2023 475,190 69,201 544,391
At 31 December 2022 470,186 142,183 612,369

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 182,101
Transfer to ownership (182,101 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 94,417
Charge for year 6,738
Transfer to ownership (101,155 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 87,684

Greener Transport Limited (Registered number: 04920724)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,560 101,956
Other debtors 3,316 2,311
34,876 104,267

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan and overdraft 10,648 10,648
Hire purchase contracts - 32,211
Trade creditors 13,183 32,393
Taxation and social security 20,248 42,722
Other creditors 94,004 108,548
138,083 226,522

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 20,717 31,365
Hire purchase contracts - 783
20,717 32,148

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 31,365 42,013
Hire purchase contracts - 32,994
31,365 75,007

Liabilities under hire purchase and lease finance agreements are secured on the assets to which these relate.

The bank loan was financed by a Coronavirus Business Interruption Loan backed by the UK government.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation accelerated
capital allowances 21,366 37,446
21,366 37,446

Greener Transport Limited (Registered number: 04920724)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 37,446
Credit to Income Statement during year (16,080 )
Balance at 31 December 2023 21,366

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100