IRIS Accounts Production v25.1.4.42 07875673 Board of Directors Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078756732023-12-31078756732024-12-31078756732024-01-012024-12-31078756732022-12-31078756732023-01-012023-12-31078756732023-12-3107875673ns15:EnglandWales2024-01-012024-12-3107875673ns14:PoundSterling2024-01-012024-12-3107875673ns10:Director12024-01-012024-12-3107875673ns10:Director22024-01-012024-12-3107875673ns10:Director32024-01-012024-12-3107875673ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107875673ns10:SmallEntities2024-01-012024-12-3107875673ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107875673ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107875673ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107875673ns10:FullAccounts2024-01-012024-12-310787567312024-01-012024-12-3107875673ns10:CompanySecretary12024-01-012024-12-3107875673ns10:RegisteredOffice2024-01-012024-12-3107875673ns5:CurrentFinancialInstruments2024-12-3107875673ns5:CurrentFinancialInstruments2023-12-3107875673ns5:Non-currentFinancialInstruments2024-12-3107875673ns5:Non-currentFinancialInstruments2023-12-3107875673ns5:ShareCapital2024-12-3107875673ns5:ShareCapital2023-12-3107875673ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3107875673ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3107875673ns5:RetainedEarningsAccumulatedLosses2024-12-3107875673ns5:RetainedEarningsAccumulatedLosses2023-12-3107875673ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3107875673ns5:PlantMachinery2024-01-012024-12-3107875673ns5:MotorVehicles2024-01-012024-12-3107875673ns5:ComputerEquipment2024-01-012024-12-3107875673ns5:NetGoodwill2023-12-3107875673ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3107875673ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3107875673ns5:NetGoodwill2024-01-012024-12-3107875673ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-012024-12-3107875673ns5:NetGoodwill2024-12-3107875673ns5:PatentsTrademarksLicencesConcessionsSimilar2024-12-3107875673ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-12-3107875673ns5:NetGoodwill2023-12-3107875673ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3107875673ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3107875673ns5:LandBuildings2023-12-3107875673ns5:PlantMachinery2023-12-3107875673ns5:LandBuildings2024-01-012024-12-3107875673ns5:LandBuildings2024-12-3107875673ns5:PlantMachinery2024-12-3107875673ns5:LandBuildings2023-12-3107875673ns5:PlantMachinery2023-12-3107875673ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107875673ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107875673ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3107875673ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3107875673ns5:Secured2024-12-3107875673ns5:Secured2023-12-31
REGISTERED NUMBER: 07875673 (England and Wales)










GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: T J Wakefield
Mrs E S Wakefield
C A Jones





SECRETARY: Mrs E S Wakefield





REGISTERED OFFICE: 10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF





REGISTERED NUMBER: 07875673 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,290 72,638
Tangible assets 5 138,524 103,825
270,814 176,463

CURRENT ASSETS
Stocks 164,654 8,852
Debtors 6 102,840 90,335
Cash at bank and in hand 316,291 226,174
583,785 325,361
CREDITORS
Amounts falling due within one year 7 250,396 111,135
NET CURRENT ASSETS 333,389 214,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

604,203

390,689

CREDITORS
Amounts falling due after more than
one year

8

(43,899

)

(63,285

)

PROVISIONS FOR LIABILITIES (21,347 ) -
NET ASSETS 538,957 327,404

GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 7,001 7,001
Retained earnings 531,856 320,303
SHAREHOLDERS' FUNDS 538,957 327,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 10 June 2025 and were signed on its behalf by:




T J Wakefield - Director Mrs E S Wakefield - Director




C A Jones - Director


GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Green Sustainable Products Company Limited 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 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
Turnover represents sales of product and licence fees net of value added tax.

Research and development
Expenditure on research & development is written off based on a useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Trademark/design Research Development
rights & development costs Totals
£    £    £    £   
COST
At 1 January 2024 60,000 63,468 12,000 135,468
Additions 60,000 - - 60,000
At 31 December 2024 120,000 63,468 12,000 195,468
AMORTISATION
At 1 January 2024 - 62,830 - 62,830
Amortisation for year - 348 - 348
At 31 December 2024 - 63,178 - 63,178
NET BOOK VALUE
At 31 December 2024 120,000 290 12,000 132,290
At 31 December 2023 60,000 638 12,000 72,638

GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 20,225 194,477 214,702
Additions - 74,680 74,680
At 31 December 2024 20,225 269,157 289,382
DEPRECIATION
At 1 January 2024 - 110,877 110,877
Charge for year - 39,981 39,981
At 31 December 2024 - 150,858 150,858
NET BOOK VALUE
At 31 December 2024 20,225 118,299 138,524
At 31 December 2023 20,225 83,600 103,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,801 71,844
Due from related company 18,039 18,491
102,840 90,335

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,386 6,876
Trade creditors 54,884 34,491
Tax 62,918 13,112
Social security and other taxes 10,290 21,307
Due to related party 98,606 16,252
Directors' loan accounts 579 50
Accrued expenses 3,733 9,047
250,396 111,135

GREEN SUSTAINABLE PRODUCTS COMPANY
LIMITED (REGISTERED NUMBER: 07875673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,000 15,000
Hire purchase contracts 38,899 48,285
43,899 63,285

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 15,000 25,000