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Registration number: 06125891

Green Earth Management Co Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Green Earth Management Co Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Green Earth Management Co Limited

Company Information

Directors

Mrs Diane Claire Robson-Jackson

Mr Luke Anthony Jackson

Company secretary

Mr Luke Anthony Jackson

Registered office

Broomfield Park
Coggeshall Road
Earls Colne
Essex
CO6 2JX

Accountants

Anthony Russel Limited
1st Floor
11 Freeport Office Village
Century Drive
Braintree
Essex
CM77 8YG

 

Green Earth Management Co Limited

(Registration number: 06125891)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

61,888

60,786

Current assets

 

Stocks

5

79,508

5,639

Debtors

6

621,895

644,292

Cash at bank and in hand

 

269,452

421,491

 

970,855

1,071,422

Creditors: Amounts falling due within one year

7

(171,473)

(227,551)

Net current assets

 

799,382

843,871

Total assets less current liabilities

 

861,270

904,657

Provisions for liabilities

(4,425)

(3,852)

Net assets

 

856,845

900,805

Capital and reserves

 

Called up share capital

100

100

Retained earnings

856,745

900,705

Shareholders' funds

 

856,845

900,805

 

Green Earth Management Co Limited

(Registration number: 06125891)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
Mrs Diane Claire Robson-Jackson
Director

 

Green Earth Management Co Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Broomfield Park
Coggeshall Road
Earls Colne
Essex
CO6 2JX

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Green Earth Management Co Limited

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

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

15% WDV

Computer Equipment

33% SLM

Motor Vehicle

25% WDV

Furniture & Fixture

15% WDV

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Green Earth Management Co Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

Green Earth Management Co Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

50,484

101,537

42,842

194,863

Additions

4,361

-

12,348

16,709

At 29 February 2024

54,845

101,537

55,190

211,572

Depreciation

At 1 March 2023

43,152

63,954

26,971

134,077

Charge for the year

2,735

9,395

3,477

15,607

At 29 February 2024

45,887

73,349

30,448

149,684

Carrying amount

At 29 February 2024

8,958

28,188

24,742

61,888

At 28 February 2023

7,332

37,583

15,871

60,786

5

Stocks

2024
£

2023
£

Work in progress

79,508

5,639

6

Debtors

Current

2024
£

2023
£

Trade debtors

139,941

185,076

Prepayments

26,519

27,866

Other debtors

455,435

431,350

 

621,895

644,292

 

Green Earth Management Co Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Director current account

63

6,261

Trade creditors

 

127,473

110,626

Social security and other taxes

 

10,812

80,922

Pension contributions unpaid

 

3,298

1,161

Other payables

 

5,488

4,529

Accruals

 

1,600

1,995

Corporation tax

22,739

22,057

 

171,473

227,551

 

Green Earth Management Co Limited

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

8

Related party transactions

Transactions with directors

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

Interest was charged at 2.25%.

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Mr & Mrs Robson - Jackson

(6,259)

37,197

(31,001)

(63)

 

2023

At 1 March 2022
£

At 28 February 2023
£

Mr & Mrs Robson - Jackson

(6,259)

(6,259)

 

Summary of transactions with other related parties

The company is asociated with Remediate Ltd and Oracabessa Properties Ltd by way of common directors.
 During the year Oracabessa Properties Ltd charged the company rent of £17,417 and was owed £3,082. At the balance sheet date, the company was owed £455,435 by Oracabessa Properties Ltd by way of Loan.

During the year the company made sales to Remediate Ltd totalling £158,210 and was owed £28,047 at the balance sheet date. The company owes Remediate Ltd £858 by way of a loan.