Company registration number 10969066 (England and Wales)
GREEN TECH HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GREEN TECH HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GREEN TECH HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,136
34,974
Investments
6
89,256
99,256
90,392
134,230
Current assets
Debtors
8
331,385
294,070
Cash at bank and in hand
245,041
626,680
576,426
920,750
Creditors: amounts falling due within one year
9
(18,598)
(25,168)
Net current assets
557,828
895,582
Total assets less current liabilities
648,220
1,029,812
Creditors: amounts falling due after more than one year
10
(130,084)
(170,734)
Net assets
518,136
859,078
Capital and reserves
Called up share capital
11
46
46
Equity reserve
(53,405)
(53,405)
Capital redemption reserve
43,500
43,500
Profit and loss reserves
12
527,995
868,937
Total equity
518,136
859,078
GREEN TECH HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 22 January 2025
Mr N Yeatman
Director
Company registration number 10969066 (England and Wales)
GREEN TECH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
Green Tech Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dairy Barn, Bognar Road, Broadbridge Heath, Horsham, RH12 3PS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% straight line method
Computers
25% straight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
GREEN TECH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
2
4
Dividends
2024
2023
£
£
Final paid
80,832
132,678
GREEN TECH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
135,683
Disposals
(333)
At 30 September 2024
135,350
Depreciation and impairment
At 1 October 2023
100,709
Depreciation charged in the year
33,838
Eliminated in respect of disposals
(333)
At 30 September 2024
134,214
Carrying amount
At 30 September 2024
1,136
At 30 September 2023
34,974
6
Fixed asset investments
2024
2023
£
£
Other investments other than loans
89,256
99,256
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 October 2023
99,256
Written down
(10,000)
At 30 September 2024
89,256
Carrying amount
At 30 September 2024
89,256
At 30 September 2023
99,256
7
Financial instruments
2024
2023
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
89,256
99,256
GREEN TECH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
82,941
133,724
Other debtors
239,322
144,820
322,263
278,544
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
9,122
15,526
Total debtors
331,385
294,070
9
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
(420)
30
Taxation and social security
4,074
9,204
Other creditors
14,944
15,934
18,598
25,168
10
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
130,084
170,734
11
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
4,565
4,565
46
46
GREEN TECH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
12
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
868,937
1,170,262
Loss for the year
(260,110)
(168,647)
Dividends declared and paid in the year
(80,832)
(132,678)
At the end of the year
527,995
868,937