Registered number
SC596388
Green Spade Ltd
Filleted Accounts
31 May 2024
Green Spade Ltd
Registered number: SC596388
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,889 4,957
Current assets
Debtors 4 24,835 6,894
Cash at bank 20,537 7,232
PayPal 1,835 1,501
Cash In Hand 7,268 19,103
54,475 34,730
Creditors: amounts falling due within one year 5 (13,335) (13,831)
Net current assets 41,140 20,899
Total assets less current liabilities 52,029 25,856
Creditors: amounts falling due after more than one year 6 (9,494) -
Net assets 42,535 25,856
Capital and reserves
Called up share capital 1 1
Profit and loss account 42,534 25,855
Shareholders' funds 42,535 25,856
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Williams
Director
Approved by the board on 20 February 2025
Green Spade Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 June 2023 9,793
Additions 9,864
At 31 May 2024 19,657
Depreciation
At 1 June 2023 4,836
Charge for the year 3,932
At 31 May 2024 8,768
Net book value
At 31 May 2024 10,889
At 31 May 2023 4,957
4 Debtors 2024 2023
£ £
Trade debtors 24,835 6,894
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 957 -
Obligations under finance lease and hire purchase contracts 2,929 4,276
Trade creditors - 2,670
Taxation and social security costs 3,366 2,691
Other creditors 6,083 4,194
13,335 13,831
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,494 -
7 Other information
Green Spade Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
8 North Deeside Road
Aberdeen
Scotland
AB15 7PL
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