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REGISTERED NUMBER: 07732802 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Green Solar Footprint Limited

Green Solar Footprint Limited (Registered number: 07732802)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Green Solar Footprint Limited (Registered number: 07732802)

Balance Sheet
29 February 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 30,185 16,898

Current assets
Debtors 6 25,935 57,996
Cash at bank 13,401 16,687
39,336 74,683
Creditors
Amounts falling due within one year 7 (48,412 ) (38,104 )
Net current (liabilities)/assets (9,076 ) 36,579
Total assets less current liabilities 21,109 53,477

Creditors
Amounts falling due after more than one
year

8

(4,662

)

-

Provisions for liabilities (2,473 ) (3,211 )
Net assets 13,974 50,266

Green Solar Footprint Limited (Registered number: 07732802)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £ £
Capital and reserves
Called up share capital 2 2
Retained earnings 13,972 50,264
13,974 50,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mr J W G Foot - Director


Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. Statutory information

Green Solar Footprint Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07732802

Registered office: 8 Cullings Hill
Postwick
Norwich
Norfolk
NR13 5HE

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery etc - 25% on reducing balance

Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 8 (2023 - 7 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2023 59,618
Additions 24,750
At 29 February 2024 84,368
Depreciation
At 1 March 2023 42,720
Charge for year 11,463
At 29 February 2024 54,183
Net book value
At 29 February 2024 30,185
At 28 February 2023 16,898

Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
Cost
At 1 March 2023 32,200
Additions 24,750
Transfer to ownership (32,200 )
At 29 February 2024 24,750
Depreciation
At 1 March 2023 16,352
Charge for year 6,188
Transfer to ownership (16,352 )
At 29 February 2024 6,188
Net book value
At 29 February 2024 18,562
At 28 February 2023 15,848

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 25,935 57,996

Green Solar Footprint Limited (Registered number: 07732802)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Hire purchase contracts 3,996 2,850
Trade creditors 23,311 32,601
Taxation and social security 14,202 -
Other creditors 6,903 2,653
48,412 38,104

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts 4,662 -

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£ £
Mr J W G Foot and Miss S M Allport
Balance outstanding at start of year 28,581 9,497
Amounts advanced 122,278 69,363
Amounts repaid (151,632 ) (50,279 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (773 ) 28,581

10. Related party disclosures

During the year, total dividends of £84,000 (2023 - £30,000) were paid to the directors .

11. Ultimate controlling party

The controlling party is Mr J W G Foot.