IRIS Accounts Production v24.2.0.383 06536745 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065367452023-03-31065367452024-03-31065367452023-04-012024-03-31065367452022-03-31065367452022-04-012023-03-31065367452023-03-3106536745ns15:EnglandWales2023-04-012024-03-3106536745ns14:PoundSterling2023-04-012024-03-3106536745ns10:Director12023-04-012024-03-3106536745ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106536745ns10:SmallEntities2023-04-012024-03-3106536745ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3106536745ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106536745ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106536745ns10:FullAccounts2023-04-012024-03-3106536745ns10:Director22023-04-012024-03-3106536745ns10:CompanySecretary12023-04-012024-03-3106536745ns10:RegisteredOffice2023-04-012024-03-3106536745ns5:CurrentFinancialInstruments2024-03-3106536745ns5:CurrentFinancialInstruments2023-03-3106536745ns5:Non-currentFinancialInstruments2024-03-3106536745ns5:Non-currentFinancialInstruments2023-03-3106536745ns5:ShareCapital2024-03-3106536745ns5:ShareCapital2023-03-3106536745ns5:RetainedEarningsAccumulatedLosses2024-03-3106536745ns5:RetainedEarningsAccumulatedLosses2023-03-3106536745ns5:PlantMachinery2023-04-012024-03-3106536745ns5:FurnitureFittings2023-04-012024-03-3106536745ns5:MotorVehicles2023-04-012024-03-3106536745ns5:ComputerEquipment2023-04-012024-03-3106536745ns5:PlantMachinery2023-03-3106536745ns5:FurnitureFittings2023-03-3106536745ns5:MotorVehicles2023-03-3106536745ns5:ComputerEquipment2023-03-3106536745ns5:PlantMachinery2024-03-3106536745ns5:FurnitureFittings2024-03-3106536745ns5:MotorVehicles2024-03-3106536745ns5:ComputerEquipment2024-03-3106536745ns5:PlantMachinery2023-03-3106536745ns5:FurnitureFittings2023-03-3106536745ns5:MotorVehicles2023-03-3106536745ns5:ComputerEquipment2023-03-3106536745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106536745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06536745 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Green Star Transport Ltd

Green Star Transport Ltd (Registered number: 06536745)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Green Star Transport Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N D Watts
R D E Thomas





SECRETARY: S L Brunskill





REGISTERED OFFICE: Unit 2, Corner Park
Sandown Road
Derby
DE24 8SR





REGISTERED NUMBER: 06536745 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Green Star Transport 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 Statement of Financial Position. 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 Green Star Transport Ltd for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position 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 Green Star Transport 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 Green Star Transport Ltd and state those matters that we have agreed to state to the Board of Directors of Green Star Transport 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 Green Star Transport Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Green Star Transport 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 Green Star Transport Ltd. You consider that Green Star Transport 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 Green Star Transport 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.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


18 October 2024

Green Star Transport Ltd (Registered number: 06536745)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,217 140,454

CURRENT ASSETS
Debtors 5 172,379 231,227
Prepayments and accrued income 16,350 19,574
Cash at bank and in hand 196,334 154,716
385,063 405,517
CREDITORS
Amounts falling due within one year 6 164,963 202,926
NET CURRENT ASSETS 220,100 202,591
TOTAL ASSETS LESS CURRENT LIABILITIES 339,317 343,045

CREDITORS
Amounts falling due after more than one year 7 (69,704 ) (90,546 )

PROVISIONS FOR LIABILITIES (22,651 ) (26,686 )

ACCRUALS AND DEFERRED INCOME (2,100 ) -
NET ASSETS 244,862 225,813

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 243,862 224,813
244,862 225,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 18 October 2024 and were signed on its behalf by:





N D Watts - Director


Green Star Transport Ltd (Registered number: 06536745)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Green Star Transport 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.

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


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 the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Taxation
The tax expense for the period comprises current and deferred tax.

Both corporation tax and deferred tax charge/credit is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit and loss on a straight line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Green Star Transport Ltd (Registered number: 06536745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, bank current and deposit accounts.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment od trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities of the company if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 15,533 249,695 500 265,728
Additions 15,000 122 - 432 15,554
At 31 March 2024 15,000 15,655 249,695 932 281,282
DEPRECIATION
At 1 April 2023 - 9,228 115,941 105 125,274
Charge for year 1,563 1,601 33,439 188 36,791
At 31 March 2024 1,563 10,829 149,380 293 162,065
NET BOOK VALUE
At 31 March 2024 13,437 4,826 100,315 639 119,217
At 31 March 2023 - 6,305 133,754 395 140,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,379 231,227

Green Star Transport Ltd (Registered number: 06536745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 32,772 40,192
Trade creditors 57,046 82,108
Taxation and social security 73,661 60,854
Other creditors 1,484 19,772
164,963 202,926

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 69,704 90,546