Green Motion Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08449994

Green Motion Limited

Filleted Unaudited Financial Statements

31 December 2024

Green Motion Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	164,027	164,027
Tangible assets	6	202,220	266,267
		---------	---------
		366,247	430,294

Current assets

Stocks		9,031	9,031
Debtors	7	( 2,564,363)	( 2,837,467)
Cash at bank and in hand		5,735,970	6,006,567
		------------	------------
		3,180,638	3,178,131

Creditors: amounts falling due within one year	8	2,313,311	1,938,359
		------------	------------
Net current assets		867,327	1,239,772
		------------	------------
Total assets less current liabilities		1,233,574	1,670,066

Creditors: amounts falling due after more than one year	9	–	1,180,556
		------------	------------
Net assets		1,233,574	489,510
		------------	------------

Capital and reserves

Called up share capital	150	150
Profit and loss account	1,233,424	489,360
	------------	---------
Shareholders funds	1,233,574	489,510
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Green Motion Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr R A Lowden

Director

Company registration number: 08449994

Green Motion Limited

Notes to the Financial Statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Aspen Farm, Sheep Lane, Woburn, Bedfordshire, MK17 9HD, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Intellectual property, franchise & rights	-	Over a period of 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

All fixed assets are recorded at cost or fair value.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvement to leasehold property	-	depreciated to fair value annually
Website development	-	depreciated to fair value annually
Fixture & fittings	-	depreciated to fair value annually
Office Equipment	-	depreciated to fair value annually

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 35 (2023: 30 ).

5. Intangible assets

	Development costs
	£
Cost
At 1st January 2024 and 31st December 2024	231,002
	---------
Amortisation
At 1st January 2024 and 31st December 2024	66,975
	---------
Carrying amount
At 31st December 2024	164,027
	---------
At 31st December 2023	164,027
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1st January 2024	79,900	686,293	29,261	107,754	903,208
Additions	4,650	–	8,381	22,636	35,667
	--------	---------	--------	---------	---------
At 31st December 2024	84,550	686,293	37,642	130,390	938,875
	--------	---------	--------	---------	---------
Depreciation
At 1st January 2024	42,663	505,954	26,312	62,012	636,941
Charge for the year	11,872	68,358	1,206	18,278	99,714
	--------	---------	--------	---------	---------
At 31st December 2024	54,535	574,312	27,518	80,290	736,655
	--------	---------	--------	---------	---------
Carrying amount
At 31st December 2024	30,015	111,981	10,124	50,100	202,220
	--------	---------	--------	---------	---------
At 31st December 2023	37,237	180,339	2,949	45,742	266,267
	--------	---------	--------	---------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	( 4,399,168)	( 4,652,327)
Other debtors	1,834,805	1,814,860
	------------	------------
	( 2,564,363)	( 2,837,467)
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	29,002	42,072
Trade creditors	360,029	513,858
Corporation tax	223,759	330,310
Social security and other taxes	93,522	122,293
Other creditors	1,606,999	929,826
	------------	------------
	2,313,311	1,938,359
	------------	------------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	–	1,180,556
	----	------------

10. Directors' advances, credits and guarantees

During the year the company made advances to Mr R A Lowden , a director of the company. The amount owed to the company at the year end totalled £ 156 (2023: £Nil). The advances are interest free and repayable on demand.

11. Controlling party

The parent undertaking is Green Motion (Holdco) Limited . The group being a small group, has taken advantage of section 398 of the Companies Act and has not prepared group accounts.