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REGISTERED NUMBER: 10315668 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Green Commute Initiative Ltd

Green Commute Initiative Ltd (Registered number: 10315668)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Green Commute Initiative Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: R Howes
K A Stather
J K Flint





SECRETARY: R Howes





REGISTERED OFFICE: Unit F Membury Business Park
Ermin Street
Lambourn Woodlands
Hungerford
Berkshire
RG17 7TU





REGISTERED NUMBER: 10315668 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

Green Commute Initiative Ltd (Registered number: 10315668)

Balance Sheet
28 February 2025

28.2.25 28.2.24
Notes £    £   
CURRENT ASSETS
Debtors 4 1,080,753 832,664
Cash at bank 108,713 61,283
1,189,466 893,947
CREDITORS
Amounts falling due within one year 5 1,189,465 893,946
NET CURRENT ASSETS 1 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

1

CAPITAL AND RESERVES
Called up share capital 1 1
1 1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 23 May 2025 and were signed on its behalf by:





R Howes - Director


Green Commute Initiative Ltd (Registered number: 10315668)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Green Commute Initiative 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services related to the renting and leasing of recreational and sports goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Income is received and recognised in full on the inception of the rental or lease and represents the full leasereceipt from the Customer. Consequently the cost of the asset purchase for the rental or lease is fully amortised or expended on inception or commencement of the rental or lease, as explained in the fixed asset investment note below.

Going concern
It is in the opinion of the directors that the accounts should be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade debtors 1,080,753 832,664

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade creditors 101,039 52,457
VAT 181,558 143,773
Other creditors 906,868 697,716
1,189,465 893,946

6. RELATED PARTY DISCLOSURES

The company purchases all of its assets from PROC2W Ltd, a company in which R N Howes is a director and shareholder; these purchases total £18,190,527 (2024: £18,720,282).