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REGISTERED NUMBER: 07542692 (England and Wales)















VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD (REGISTERED NUMBER: 07542692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J P Addis
Miss L A Davies





REGISTERED OFFICE: Unit 21
Kelvin Way Trading Estate
West Bromwich
West Midlands
B70 7TW





REGISTERED NUMBER: 07542692 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Viridis Corporate Furniture Sustainability Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Viridis Corporate Furniture Sustainability Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Viridis Corporate Furniture Sustainability Ltd and state those matters that we have agreed to state to the Board of Directors of Viridis Corporate Furniture Sustainability Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Viridis Corporate Furniture Sustainability Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Viridis Corporate Furniture Sustainability Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Viridis Corporate Furniture Sustainability Ltd. You consider that Viridis Corporate Furniture Sustainability Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Viridis Corporate Furniture Sustainability Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


13 September 2024

VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD (REGISTERED NUMBER: 07542692)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,254 14,352

CURRENT ASSETS
Stocks 3,071 3,346
Debtors 5 186,036 186,880
Cash at bank 88,360 83,459
277,467 273,685
CREDITORS
Amounts falling due within one year 6 172,614 175,010
NET CURRENT ASSETS 104,853 98,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,107

113,027

CREDITORS
Amounts falling due after more than one year 7 (71,153 ) (34,552 )

PROVISIONS FOR LIABILITIES (14,314 ) (3,588 )
NET ASSETS 76,640 74,887

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,540 74,787
SHAREHOLDERS' FUNDS 76,640 74,887

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 directors acknowledge their 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.

VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD (REGISTERED NUMBER: 07542692)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr J P Addis - Director


VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD (REGISTERED NUMBER: 07542692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Viridis Corporate Furniture Sustainability Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD (REGISTERED NUMBER: 07542692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 7,635 23,038 8,826 39,499
Additions 917 58,051 2,999 61,967
At 31 December 2023 8,552 81,089 11,825 101,466
DEPRECIATION
At 1 January 2023 6,652 16,402 2,093 25,147
Charge for year 565 16,725 1,775 19,065
At 31 December 2023 7,217 33,127 3,868 44,212
NET BOOK VALUE
At 31 December 2023 1,335 47,962 7,957 57,254
At 31 December 2022 983 6,636 6,733 14,352

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 184,661 186,462
Other debtors 1,375 418
186,036 186,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,384 5,385
Hire purchase contracts (see note 8) 5,815 887
Trade creditors 53,299 66,648
Taxation and social security 55,169 60,502
Other creditors 52,947 41,588
172,614 175,010

VIRIDIS CORPORATE FURNITURE
SUSTAINABILITY LTD (REGISTERED NUMBER: 07542692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,167 34,552
Hire purchase contracts (see note 8) 41,986 -
71,153 34,552

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,815 887
Between one and five years 41,986 -
47,801 887

Non-cancellable operating leases
2023 2022
£    £   
Within one year 31,075 33,900
Between one and five years - 31,075
31,075 64,975

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 47,801 887

Hire purchase liabilities are secured upon the assets to which they relate.