Registered number
14182297
GREAN POWER RENTALS LTD
Filleted Accounts
30 November 2024
GREAN POWER RENTALS LTD
Registered number: 14182297
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,016,421 454,672
Current assets
Debtors 4 257,356 171,602
Cash at bank and in hand 186,421 10,585
443,777 182,187
Creditors: amounts falling due within one year 5 (546,739) (197,428)
Net current liabilities (102,962) (15,241)
Total assets less current liabilities 913,459 439,431
Creditors: amounts falling due after more than one year 6 (669,396) (440,099)
Provisions for liabilities (60,900) -
Net assets/(liabilities) 183,163 (668)
Capital and reserves
Called up share capital 100 100
Profit and loss account 183,063 (768)
Shareholders' funds 183,163 (668)
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.
R Griffiths
Director
Approved by the board on 24 February 2025
GREAN POWER RENTALS LTD
Notes to the Accounts
for the year ended 30 November 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 3% Straight Line
Leasehold land and buildings Over the lease term
Plant and machinery Straight Line Over Useful life of asset
Vehicles 25% Straight Line
Fixtures, fittings, tools and equipment 20% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 8,650 402,262 97,794 508,706
Additions - 702,006 - 702,006
At 30 November 2024 8,650 1,104,268 97,794 1,210,712
Depreciation
At 1 December 2023 195 39,009 14,830 54,034
Charge for the year 260 115,548 24,449 140,257
At 30 November 2024 455 154,557 39,279 194,291
Net book value
At 30 November 2024 8,195 949,711 58,515 1,016,421
At 30 November 2023 8,455 363,253 82,964 454,672
4 Debtors 2024 2023
£ £
Trade debtors 257,356 171,602
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 84,585 -
Obligations under finance lease and hire purchase contracts 224,440 129,493
Trade creditors 180,717 51,243
Taxation and social security costs 32,698 13,372
Other creditors 24,299 3,320
546,739 197,428
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 504,568 249,950
Obligations under finance lease and hire purchase contracts 164,828 190,149
669,396 440,099
7 Other information
GREAN POWER RENTALS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Mereside Yard, Mereside Road
Mere
Knutsford
Cheshire
WA16 6QQ
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