Registered number
06041641
Green Productions Ltd
Filleted Accounts
31 January 2024
Green Productions Ltd
Registered number: 06041641
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 130,959 74,498
Current assets
Debtors 4 146,204 80,568
Cash at bank and in hand 519,276 452,455
665,480 533,023
Creditors: amounts falling due within one year 5 (118,997) (79,916)
Net current assets 546,483 453,107
Total assets less current liabilities 677,442 527,605
Creditors: amounts falling due after more than one year 6 (16,667) (26,667)
Provisions for liabilities (24,876) (14,155)
Net assets 635,899 486,783
Capital and reserves
Called up share capital 200 200
Profit and loss account 635,699 486,583
Shareholders' funds 635,899 486,783
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Daniel Green
Director
Approved by the board on 30 October 2024
Green Productions 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:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 307,147 - 307,147
Additions 43,181 85,913 129,094
Disposals - (28,990) (28,990)
At 31 January 2024 350,328 56,923 407,251
Depreciation
At 1 February 2023 232,649 - 232,649
Charge for the year 29,420 14,223 43,643
At 31 January 2024 262,069 14,223 276,292
Net book value
At 31 January 2024 88,259 42,700 130,959
At 31 January 2023 74,498 - 74,498
4 Debtors 2024 2023
£ £
Trade debtors 75,000 19,200
Directors' loan account 71,204 61,368
146,204 80,568
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 27,587 15,867
Trade creditors 275 -
Taxation and social security costs 89,035 62,789
Other creditors 2,100 1,260
118,997 79,916
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,667 26,667
7 Other information
Green Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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