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REGISTERED NUMBER: 05484224 (England and Wales)










GREEN DRAGON COMMUNITY TRANSPORT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GREEN DRAGON COMMUNITY TRANSPORT LTD (REGISTERED NUMBER: 05484224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREEN DRAGON COMMUNITY TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D G Blackburn
A Thomas
M Smith
G R Devonald
Mrs C J Jones





SECRETARY:





REGISTERED OFFICE: The Old School
Bwlchygroes
Llanfyrnach
Pembrokeshire
SA35 0DP





REGISTERED NUMBER: 05484224 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

GREEN DRAGON COMMUNITY TRANSPORT LTD (REGISTERED NUMBER: 05484224)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,034 11,722

CURRENT ASSETS
Debtors 5 9,345 6,929
Cash at bank and in hand 36,200 48,708
45,545 55,637
CREDITORS
Amounts falling due within one year 6 8,045 4,725
NET CURRENT ASSETS 37,500 50,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,534

62,634

CREDITORS
Amounts falling due after more than one
year

7

44,381

6,020
NET ASSETS 53,153 56,614

RESERVES
Income and expenditure account 53,153 56,614
53,153 56,614

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 surplus or deficit 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 26 November 2024 and were signed on its behalf by:




A Thomas - Director Mrs C J Jones - Director




G R Devonald - Director


GREEN DRAGON COMMUNITY TRANSPORT LTD (REGISTERED NUMBER: 05484224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Green Dragon Community Transport Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of goods, excluding value added tax. Grant income is recognised on receipt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% reducing balance
Fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grant income is credited to income on receipt and allocated over the life of the project. Any amounts outstanding at the year end are included in either debtors or creditors. Capital grant income is written off to the profit and loss account at the same rate as the estimated useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

GREEN DRAGON COMMUNITY TRANSPORT LTD (REGISTERED NUMBER: 05484224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Motor Office
Equipment Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,269 3,021 140,586 7,309 153,185
Additions - - 66,030 2,991 69,021
Disposals - - (27,692 ) - (27,692 )
At 31 March 2024 2,269 3,021 178,924 10,300 194,514
DEPRECIATION
At 1 April 2023 1,619 2,856 130,215 6,773 141,463
Charge for year 162 41 18,923 882 20,008
Eliminated on disposal - - (26,991 ) - (26,991 )
At 31 March 2024 1,781 2,897 122,147 7,655 134,480
NET BOOK VALUE
At 31 March 2024 488 124 56,777 2,645 60,034
At 31 March 2023 650 165 10,371 536 11,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,477 1,705
Other debtors 7,868 5,224
9,345 6,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,415 3,095
Other creditors 1,630 1,630
8,045 4,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 44,381 6,020

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its members.

9. LIMITED BY GUARANTEE

Green Dragon Community Transport Ltd is limited by guarantee of its members, each member guarantees £1 only.

GREEN DRAGON COMMUNITY TRANSPORT LTD (REGISTERED NUMBER: 05484224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. GRANT INCOME

During the period the company received the following grants:

2024 2023
£ £

National Lottery - Capital Grant relating to purchase of vehicles 54,384 -

National Lottery - Revenue Grant 22,471 -

PAVS - Supporting Community Action Fund 2,245 2,245

2,245 28,950
All terms and conditions have been met, with no claw back due.