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REGISTERED NUMBER: 10978549 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Green Planet Heating Ltd

Green Planet Heating Ltd (Registered number: 10978549)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Green Planet Heating Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P A Bryant



REGISTERED OFFICE: Old Farm House
Greenway
Littledean
Cinderford
Gloucestershire
GL14 3LL



REGISTERED NUMBER: 10978549 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
55 Newerne Street
Lydney
GL15 5RA

Green Planet Heating Ltd (Registered number: 10978549)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,720 3,345

CURRENT ASSETS
Debtors 5 41,487 59,831
Cash at bank 1,081 1,707
42,568 61,538
CREDITORS
Amounts falling due within one year 6 59,727 53,534
NET CURRENT (LIABILITIES)/ASSETS (17,159 ) 8,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,439

)

11,349

CREDITORS
Amounts falling due after more than one
year

7

(4,000

)

(10,000

)

PROVISIONS FOR LIABILITIES (2,987 ) (836 )
NET (LIABILITIES)/ASSETS (8,426 ) 513

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,526 ) 413
SHAREHOLDERS' FUNDS (8,426 ) 513

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

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

The director acknowledges his 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 Planet Heating Ltd (Registered number: 10978549)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 19 May 2025 and were signed by:





P A Bryant - Director


Green Planet Heating Ltd (Registered number: 10978549)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Green Planet Heating 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net liabilities of £17,159 at 30 September 2024, the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and have expressed his willingness to financially support the company for the foreseeable future, therefore deeming the going concern basis of preparation to be appropriate.

Green Planet Heating Ltd (Registered number: 10978549)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 October 2023 16,915 1,455 18,370
Additions 20,000 - 20,000
Disposals (13,403 ) - (13,403 )
At 30 September 2024 23,512 1,455 24,967
Depreciation
At 1 October 2023 13,570 1,455 15,025
Charge for year 5,240 - 5,240
Eliminated on disposal (11,018 ) - (11,018 )
At 30 September 2024 7,792 1,455 9,247
Net book value
At 30 September 2024 15,720 - 15,720
At 30 September 2023 3,345 - 3,345

5. DEBTORS
30/9/24 30/9/23
£    £   
Amounts falling due within one year:
Trade debtors 684 4,787
Other debtors 29,991 44,232
30,675 49,019

Amounts falling due after more than one year:
Other debtors 10,812 10,812

Aggregate amounts 41,487 59,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 11,284 5,384
Taxation and social security 41,243 40,749
Other creditors 1,200 1,401
59,727 53,534

Green Planet Heating Ltd (Registered number: 10978549)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 4,000 10,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30/9/24 30/9/23
£    £   
P A Bryant
Balance outstanding at start of year 35,493 21,576
Amounts advanced 49,107 44,950
Amounts repaid (54,741 ) (31,033 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,859 35,493

The loan to the director, shown in other debtors, is repayable on demand and interest on balances over £10,000 were charged at the HMRC beneficial loan rates. In the year ended 30 September 2024 - £895 (2023 - £610) was charged.