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Registered number: 08892488
Green & Peter (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Green & Peter(UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08892488
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,017 13,552
11,017 13,552
CURRENT ASSETS
Debtors 6 199,132 219,069
Cash at bank and in hand 176,097 171,941
375,229 391,010
Creditors: Amounts Falling Due Within One Year 7 (175,632 ) (226,232 )
NET CURRENT ASSETS (LIABILITIES) 199,597 164,778
TOTAL ASSETS LESS CURRENT LIABILITIES 210,614 178,330
NET ASSETS 210,614 178,330
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 210,514 178,230
SHAREHOLDERS' FUNDS 210,614 178,330
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Green
Director
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Green & Peter (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08892488 . The registered office is The Limes, 1339 High Road, London, N20 9HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Taxation
There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% with Standard Marginal releif (2023 - 19%).
Factors that may affect future tax charges:
There were no factors that may affect future tax charges.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 12)
13 12
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 200,000
As at 31 March 2024 200,000
Amortisation
As at 1 April 2023 200,000
As at 31 March 2024 200,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 7,300 33,489 40,789
Additions - 1,135 1,135
As at 31 March 2024 7,300 34,624 41,924
Depreciation
As at 1 April 2023 3,194 24,043 27,237
Provided during the period 1,026 2,644 3,670
As at 31 March 2024 4,220 26,687 30,907
Net Book Value
As at 31 March 2024 3,080 7,937 11,017
As at 1 April 2023 4,106 9,446 13,552
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 196,475 216,904
Other debtors 2,657 2,165
199,132 219,069
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,800 3,106
Corporation tax 22,201 17,962
Other taxes and social security 8,854 8,579
VAT 69,202 73,400
Net wages 21,019 18,830
Other creditors 891 1,155
Director's loan account 46,665 103,200
175,632 226,232
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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