Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseHealth and safety consulting22truetruefalse 09274098 2023-11-01 2024-10-31 09274098 2022-11-01 2023-10-31 09274098 2024-10-31 09274098 2023-10-31 09274098 c:Director1 2023-11-01 2024-10-31 09274098 d:MotorVehicles 2023-11-01 2024-10-31 09274098 d:MotorVehicles 2024-10-31 09274098 d:MotorVehicles 2023-10-31 09274098 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09274098 d:FurnitureFittings 2023-11-01 2024-10-31 09274098 d:FurnitureFittings 2024-10-31 09274098 d:FurnitureFittings 2023-10-31 09274098 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09274098 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09274098 d:CurrentFinancialInstruments 2024-10-31 09274098 d:CurrentFinancialInstruments 2023-10-31 09274098 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09274098 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09274098 d:ShareCapital 2024-10-31 09274098 d:ShareCapital 2023-10-31 09274098 d:RetainedEarningsAccumulatedLosses 2024-10-31 09274098 d:RetainedEarningsAccumulatedLosses 2023-10-31 09274098 c:FRS102 2023-11-01 2024-10-31 09274098 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09274098 c:FullAccounts 2023-11-01 2024-10-31 09274098 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09274098 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 09274098









GREEN LIGHT CONTRACTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
GREEN LIGHT CONTRACTS LIMITED
REGISTERED NUMBER: 09274098

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,983
30,567

  
22,983
30,567

Current assets
  

Stocks
 5 
60,000
76,000

Debtors: amounts falling due within one year
 6 
106,074
325,211

Cash at bank and in hand
 7 
438,029
343,122

  
604,103
744,333

Creditors: amounts falling due within one year
 8 
(543,255)
(638,776)

Net current assets
  
 
 
60,848
 
 
105,557

Total assets less current liabilities
  
83,831
136,124

  

Net assets
  
83,831
136,124


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
83,731
136,024

  
83,831
136,124


Page 1

 
GREEN LIGHT CONTRACTS LIMITED
REGISTERED NUMBER: 09274098
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 June 2025.






................................................
Rachael Deas
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GREEN LIGHT CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The principal activity of the Company is that of health and safety consultancy. The Company was incorporated in England and Wales and is a private company limited by share capital.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

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 no further payment obligations.

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

Page 3

 
GREEN LIGHT CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
GREEN LIGHT CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
GREEN LIGHT CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2023
39,196
3,023
42,219



At 31 October 2024

39,196
3,023
42,219



Depreciation


At 1 November 2023
9,799
1,853
11,652


Charge for the year on owned assets
7,349
235
7,584



At 31 October 2024

17,148
2,088
19,236



Net book value



At 31 October 2024
22,048
935
22,983



At 31 October 2023
29,397
1,170
30,567


5.


Stocks

2024
2023
£
£

Work in progress
60,000
76,000

60,000
76,000



6.


Debtors

2024
2023
£
£


Trade debtors
100,703
321,725

Prepayments and accrued income
5,371
3,486

106,074
325,211


Page 6

 
GREEN LIGHT CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
438,029
343,122

438,029
343,122



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
41,606
75,210

Amounts owed to group undertakings
328,089
318,638

Corporation tax
85,098
74,099

Other taxation and social security
84,742
167,234

Accruals and deferred income
3,720
3,595

543,255
638,776



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £112,000 (2023 - £71,500).  


10.


Related party transactions

GLC Cloud Limited is a company in which directors, Rachael Deas and Nicholas Deas, are directors and shareholders. During the year transactions totalling £309,451 (2023 - £112,638) were made with this company. At the end of the year £328,089 (2023 - £318,638) was owed.


11.


Controlling party

There is no overall controlling party.

 
Page 7