| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| Green Commute Initiative Ltd |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 28.2.24 |
| £ | £ |
| Trade debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 28.2.24 |
| £ | £ |
| Trade creditors |
| VAT | 181,558 | 143,773 |
| Other creditors |
| 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). |