GREEN GLOBAL SERVICES LIMITED

Company Registration Number:
07917248 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

GREEN GLOBAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GREEN GLOBAL SERVICES LIMITED

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 7,680,000 3,786,489
Cost of sales: ( 7,071,823 ) ( 3,631,940 )
Gross profit(or loss): 608,177 154,549
Distribution costs: ( 134,631 ) ( 46,298 )
Administrative expenses: ( 66,651 ) ( 16,210 )
Operating profit(or loss): 406,895 92,041
Profit(or loss) before tax: 406,895 92,041
Tax: ( 34,213 )
Profit(or loss) for the financial year: 372,682 92,041

GREEN GLOBAL SERVICES LIMITED

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 253,763 0
Total fixed assets: 253,763 0
Current assets
Stocks: 4 90,444 85,467
Debtors: 5 114,876 30,876
Cash at bank and in hand: 6,804 44,537
Total current assets: 212,124 160,880
Creditors: amounts falling due within one year: 6 ( 153,420 ) ( 221,095 )
Net current assets (liabilities): 58,704 (60,215)
Total assets less current liabilities: 312,467 ( 60,215)
Total net assets (liabilities): 312,467 (60,215)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 311,467 (61,215 )
Total Shareholders' funds: 312,467 (60,215)

The notes form part of these financial statements

GREEN GLOBAL SERVICES LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Mohammed Azam Khan
Status: Director

The notes form part of these financial statements

GREEN GLOBAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises revenue recognised by the Company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Secondary spend items such clothing, fur, footwear and leather goods are recognised at point of sale. For revenue from over-the-counter sales, the transaction price is the invoiced value of the goods supplied, excluding value added tax. Revenue is recognised at the point of goods being despatched, therefore the company retains no performance obligations. Contracts with customers are non-complex and do not require any significant accounting judgements or estimates.

    Tangible fixed assets depreciation policy

    These are stated at cost less accumulated depreciation except freehold land which is stated at cost. Depreciation is charged to income applying the reducing balance method at the rates as stated in Note. Depreciation on additions to property, plant and equipment is charged from the month in which the asset is acquired or capitalized, while no depreciation is charged for the month in which the asset is disposed off. The gain or loss on disposal or retirement of an asset represented by the difference between the sale proceeds and the carrying amount of the asset is recognized as an income or expense. Maintenance and normal repairs are charged to income as and when incurred. Major renewals and improvements are capitalized. Gains or losses on disposal of assets are included in income.

GREEN GLOBAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

GREEN GLOBAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 0 0
Additions 298,545 298,545
Disposals
Revaluations
Transfers
At 28 February 2024 298,545 298,545
Depreciation
At 1 March 2023 0 0
Charge for year 44,782 44,782
On disposals
Other adjustments
At 28 February 2024 44,782 44,782
Net book value
At 28 February 2024 253,763 253,763
At 28 February 2023 0 0

GREEN GLOBAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 90,444 85,467
Total 90,444 85,467

GREEN GLOBAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 114,876 30,876
Total 114,876 30,876

GREEN GLOBAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 119,207 221,095
Taxation and social security 34,213
Total 153,420 221,095