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REGISTERED NUMBER: 13734059 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

GREEN HUB RECYCLING LTD

GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN HUB RECYCLING LTD

Company Information
for the year ended 30 November 2024







DIRECTORS: Mrs R Ogilvie
Dr M P Ogilvie





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 13734059 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)

Balance Sheet
30 November 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 6,638 9,958
Tangible assets 5 109,495 75,593
116,133 85,551

CURRENT ASSETS
Stocks 10,000 30,000
Debtors 6 12,606 7,483
Cash at bank 35,448 14,655
58,054 52,138
CREDITORS
Amounts falling due within one year 7 (194,370 ) (197,086 )
NET CURRENT LIABILITIES (136,316 ) (144,948 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,183

)

(59,397

)

CREDITORS
Amounts falling due after more than one
year

8

(45,221

)

(9,753

)
NET LIABILITIES (65,404 ) (69,150 )

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings (65,604 ) (69,350 )
(65,404 ) (69,150 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





Dr M P Ogilvie - Director


GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Green Hub Recycling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue is recognised when products are shipped to the customer, at which point control is deemed to have passed.

Where revenue is received in advance of shipping, revenue is recognised in other creditors and released as revenue in the period of shipping. Similarly, if revenue is billed after shipping, revenue is recognised via other debtors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery-25% reducing balance
Computer equipment -25% on cost
Fixtures and fittings-25% reducing balance
Motor vehicles-25% on cost

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Grant income
Grants receivable are recognised as other operating income in the profit and loss account when there is a reasonable assurance that the entity will comply with the conditions attached to the grant and that the grant will be received.

The income is taxable and amounts not received by the reporting date are included in other debtors. Similarly, grants received but relating to future periods are included in other creditors.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2023
and 30 November 2024 16,596
AMORTISATION
At 1 December 2023 6,638
Charge for year 3,320
At 30 November 2024 9,958
NET BOOK VALUE
At 30 November 2024 6,638
At 30 November 2023 9,958

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 December 2023 119,468 133 - 200 119,801
Additions 50,478 - 9,399 540 60,417
At 30 November 2024 169,946 133 9,399 740 180,218
DEPRECIATION
At 1 December 2023 44,100 58 - 50 44,208
Charge for year 24,063 19 2,350 83 26,515
At 30 November 2024 68,163 77 2,350 133 70,723
NET BOOK VALUE
At 30 November 2024 101,783 56 7,049 607 109,495
At 30 November 2023 75,368 75 - 150 75,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,808 -
Other debtors 9,798 7,483
12,606 7,483

GREEN HUB RECYCLING LTD (REGISTERED NUMBER: 13734059)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 4,784 -
Trade creditors 32,302 6,041
Taxation and social security 53,259 19,140
Other creditors 104,025 171,905
194,370 197,086

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 24,089 -
Other creditors 21,132 9,753
45,221 9,753

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class:
Nominal:
value


2024

2023
£    £   
70 Ordinary A £1 70 70
40 Ordinary B £1 40 40
45 Ordinary C £1 45 45
45 Ordinary D £1 45 45
200 200

10. RELATED PARTY DISCLOSURES

In the year to 30th November 2024, the company loaned the directors £81,633 and the directors repaid £102,729. At the year end the directors were owed £91,524 (2023: £162,819). The loan is interest free and repayable on demand.