REGISTERED NUMBER: 07376479 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Green IT Disposal Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

255,894

170,466

CURRENT ASSETS

Debtors

5

441,940

598,389

Cash at bank

1,128,359

963,260

1,570,299

1,561,649

CREDITORS

Amounts falling due within one year

6

(289,451

)

(304,100

)

NET CURRENT ASSETS

1,280,848

1,257,549

TOTAL ASSETS LESS CURRENT LIABILITIES

1,536,742

1,428,015

CREDITORS

Amounts falling due after more than one year

7

(46,387

)

(26,907

)

PROVISIONS FOR LIABILITIES

(48,620

)

(14,436

)

NET ASSETS

1,441,735

1,386,672

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,441,635

1,386,572

SHAREHOLDERS' FUNDS

1,441,735

1,386,672

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 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 4 April 2025 and were signed on its behalf by:

Mr O J Watts - Director

1.	STATUTORY INFORMATION

Green IT Disposal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07376479

Registered office:

Burnaby

Withers Lane

High Legh

Knutsford

Cheshire

WA16 0SF

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, net of VAT.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2023

112,272

45,165

209,218

366,655

Additions

-

-

177,830

177,830

Disposals

-

-

(38,775

)

(38,775

)

At 30 September 2024

112,272

45,165

348,273

505,710

DEPRECIATION

At 1 October 2023

39,599

33,688

122,902

196,189

Charge for year

11,224

2,869

66,041

80,134

Eliminated on disposal

-

-

(26,507

)

(26,507

)

At 30 September 2024

50,823

36,557

162,436

249,816

NET BOOK VALUE

At 30 September 2024

61,449

8,608

185,837

255,894

At 30 September 2023

72,673

11,477

86,316

170,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

164,718

Additions

67,850

Disposals

(38,775

)

At 30 September 2024

193,793

DEPRECIATION

At 1 October 2023

91,676

Charge for year

35,223

Eliminated on disposal

(26,507

)

At 30 September 2024

100,392

NET BOOK VALUE

At 30 September 2024

93,401

At 30 September 2023

73,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

171,868

147,004

Amounts owed by group undertakings

242,872

344,912

Other debtors

27,200

106,473

441,940

598,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Hire purchase contracts

33,344

28,905

Taxation and social security

191,588

196,231

Other creditors

64,519

78,964

289,451

304,100

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Hire purchase contracts

46,387

26,907

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Hire purchase contracts

79,731

55,812

Hire purchase creditors are secured on the asset to which they relate.