Registered number
07129560
GREEN EDUCATION LTD
Filleted Accounts
31 January 2024
GREEN EDUCATION LTD
Registered number: 07129560
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,181 1,575
Creditors: amounts falling due within one year 4 (1,312) (1,839)
Net current liabilities (1,312) (1,839)
Total assets less current liabilities (131) (264)
Creditors: amounts falling due after more than one year 5 (119,122) (108,724)
Net liabilities (119,253) (108,988)
Capital and reserves
Called up share capital 1 1
Profit and loss account (119,254) (108,989)
Shareholder's funds (119,253) (108,988)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
JUN-BO PARK
Director
Approved by the board on 14 October 2024
GREEN EDUCATION LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixture & Fittings 25% reducing balance
Office Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Furniture & Fixtures Office Equipment Total
£ £ £
Cost
At 1 February 2023 9,968 5,459 15,427
At 31 January 2024 9,968 5,459 15,427
Depreciation
At 1 February 2023 9,710 4,142 13,852
Charge for the year 65 329 394
At 31 January 2024 9,775 4,471 14,246
Net book value
At 31 January 2024 193 988 1,181
At 31 January 2023 258 1,317 1,575
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,312 1,489
Taxation and social security costs - 350
1,312 1,839
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 119,122 108,724
6 Other information
GREEN EDUCATION LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Pinehurst Gardens
West Byfleet
Surrey
KT14 6HB
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