Company Registration No. 13956788 (England and Wales)
Green Small Business Ltd
Unaudited accounts
for the year ended 31 March 2024
Green Small Business Ltd
Unaudited accounts
Contents
Green Small Business Ltd
Company Information
for the year ended 31 March 2024
Director
Timothy Edward Maiden
Company Number
13956788 (England and Wales)
Registered Office
74 Shap Road
Kendal
Cumbria
LA9 6DP
Green Small Business Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
9,750
15,359
Cash at bank and in hand
62,851
48,746
Creditors: amounts falling due within one year
(56,053)
(52,088)
Net current assets
43,506
5,774
Called up share capital
100
100
Profit and loss account
58,082
21,033
Shareholders' funds
58,182
21,133
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 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 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 15 October 2024 and were signed on its behalf by
Timothy Edward Maiden
Director
Company Registration No. 13956788
Green Small Business Ltd
Notes to the Accounts
for the year ended 31 March 2024
Green Small Business Ltd is a private company, limited by shares, registered in England and Wales, registration number 13956788. The registered office is 74 Shap Road, Kendal, Cumbria, LA9 6DP.
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, flat rate 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:
Computer equipment
Straight line - 3 years
Investments in shares are included at fair value.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Green Small Business Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 April 2023
-
Valuation at 31 March 2024
4,926
Amounts falling due within one year
Trade debtors
32,489
8,745
Deferred tax asset
845
371
Accrued income and prepayments
750
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
25,794
15,189
Loans from directors
17,291
28,424
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).