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Registration number: 10188330


Green Eco Technologies Engineering Limited
Annual Report and
Unaudited Financial Statements

30 June 2024

 

Green Eco Technologies Engineering Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Green Eco Technologies Engineering Limited

Balance Sheet
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

5

5

Creditors: Amounts falling due within one year

6

(1,564,894)

(1,560,879)

Total assets less current liabilities

 

(1,564,889)

(1,560,874)

Creditors: Amounts falling due after more than one year

6

(19,167)

(19,167)

Net liabilities

 

(1,584,056)

(1,580,041)

Capital and reserves

 

Called up share capital

400

400

Other reserves

136,956

136,956

Retained earnings

(1,721,412)

(1,717,397)

Shareholders' deficit

 

(1,584,056)

(1,580,041)

 

Green Eco Technologies Engineering Limited

Balance Sheet
30 June 2024

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 Director acknowledges his 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 director on 30 January 2025
 

.........................................
Mr G Hoen
Director

Company Registration Number: 10188330

 

Green Eco Technologies Engineering Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
Unit 1
Southgate Industrial Estate
Heywood
OL10 1ND

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 due to the ongoing support of the parent company, Green Eco Technologies Limited. The company is commited to continuing in the UK market for the forseeable future, and Green Eco Technologies Engineering Limited's IP remains a key component moving forward.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Depreciation

Asset class

Depreciation method and rate

Motor Vehicles

25% Straight Line

Plant & Machinery

25% Straight Line

 

Green Eco Technologies Engineering Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2023 - 0).

 

Green Eco Technologies Engineering Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

5

5

At 30 June 2024

5

5

Amortisation

Carrying amount

At 30 June 2024

5

5

At 30 June 2023

5

5

5

Debtors

Current

2024
£

2023
£

 

-

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

17,195

16,309

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

8

1,490,700

1,484,571

Other creditors

 

56,999

59,999

 

1,564,894

1,560,879

 

Green Eco Technologies Engineering Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

19,167

19,167

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

19,167

19,167

 

Green Eco Technologies Engineering Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

8

Related party transactions

Investment from Parent

2024

Parent
£

Total
£

At start of period

1,621,527

1,621,527

Advanced

6,128

6,128

At end of period

1,627,655

1,627,655

2023

Parent
£

Total
£

At start of period

1,610,114

1,610,114

Advanced

11,653

11,653

Repaid

(240)

(240)

At end of period

1,621,527

1,621,527

9

Parent and ultimate parent undertaking

The Company's immediate parent is Green Eco Technologies Limited, incorporated in England.

 The ultimate parent is Green Eco International Pty Ltd, incorporated in Australia.