Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07658995 J Miller BROOKS AND PARTNERS ACCOUNTANTS LTD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07658995 2022-12-31 07658995 2023-12-31 07658995 2023-01-01 2023-12-31 07658995 frs-core:CurrentFinancialInstruments 2023-12-31 07658995 frs-core:Non-currentFinancialInstruments 2023-12-31 07658995 frs-core:PlantMachinery 2023-12-31 07658995 frs-core:PlantMachinery 2023-01-01 2023-12-31 07658995 frs-core:PlantMachinery 2022-12-31 07658995 frs-core:ShareCapital 2023-12-31 07658995 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07658995 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07658995 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07658995 frs-bus:SmallEntities 2023-01-01 2023-12-31 07658995 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07658995 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07658995 frs-bus:Director1 2023-01-01 2023-12-31 07658995 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07658995 frs-countries:EnglandWales 2023-01-01 2023-12-31 07658995 2021-12-31 07658995 2022-12-31 07658995 2022-01-01 2022-12-31 07658995 frs-core:CurrentFinancialInstruments 2022-12-31 07658995 frs-core:Non-currentFinancialInstruments 2022-12-31 07658995 frs-core:ShareCapital 2022-12-31 07658995 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07658995
GREEN ROUTE LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Brooks & Partners Accountants Ltd
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07658995
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,252 1,909
1,252 1,909
CURRENT ASSETS
Stocks 5 309,963 350,479
Debtors 6 92,754 113,856
Cash at bank and in hand 176,104 41,801
578,821 506,136
Creditors: Amounts Falling Due Within One Year 7 (250,761 ) (213,801 )
NET CURRENT ASSETS (LIABILITIES) 328,060 292,335
TOTAL ASSETS LESS CURRENT LIABILITIES 329,312 294,244
Creditors: Amounts Falling Due After More Than One Year 8 (15,777 ) (25,652 )
NET ASSETS 313,535 268,592
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 313,435 268,492
SHAREHOLDERS' FUNDS 313,535 268,592
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
J Miller
Director
2 May 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GREEN ROUTE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07658995 . The registered office is 3rd Floor, 207 Regent Street, London, W1B 3HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has been invoiced for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 3)
7 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 3,674
Additions 291
As at 31 December 2023 3,965
Depreciation
As at 1 January 2023 1,765
Provided during the period 948
As at 31 December 2023 2,713
Net Book Value
As at 31 December 2023 1,252
As at 1 January 2023 1,909
5. Stocks
2023 2022
£ £
Finished goods 254,053 288,760
Work in progress 55,910 61,719
309,963 350,479
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 89,147 109,738
Prepayments and accrued income 3,607 4,118
92,754 113,856
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 74,768 80,998
Bank loans and overdrafts 10,000 10,000
Corporation tax 124,396 68,737
Other taxes and social security 2,622 1,239
VAT 37,063 51,412
Other creditors 662 285
Accruals and deferred income 1,250 1,130
250,761 213,801
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,777 25,652
15,777 25,652
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £662 (2022: £285) were due to the fund. They are included in Other Creditors.
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11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 101,419 -
Final dividend paid - 81,081
101,419 81,081
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