Green Running Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Green Running Limited for the year ended 30 September 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Green Running Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Green Running Limited , as a body, in accordance with the terms of our engagement letter dated 27 February 2018. Our work has been undertaken solely to prepare for your approval the accounts of Green Running Limited and state those matters that we have agreed to state to the directors of Green Running Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Running Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Green Running Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Green Running Limited . You consider that Green Running Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Green Running Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

PAH Accounting

17 October 2025

PAH Accounting

FCCA

61 Spitalcroft Road

Devizes

SN10 3FJ

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Green Running Limited

Balance Sheet

As At 30 September 2025

Balance Sheet

Registered number: 07179872

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,972,305		1,972,305
Tangible Assets	5		8,200		10,156
Investments	6		1		-

			1,980,506		1,982,461
CURRENT ASSETS
Stocks	7	12,000		42,762
Debtors	8	196,974		74,002
Cash at bank and in hand		84,435		115,540

		293,409		232,304
Creditors: Amounts Falling Due Within One Year	9	(292,043 )		(150,938 )

NET CURRENT ASSETS (LIABILITIES)			1,366		81,366

TOTAL ASSETS LESS CURRENT LIABILITIES			1,981,872		2,063,827

Creditors: Amounts Falling Due After More Than One Year	10		-		(10,000 )

NET ASSETS			1,981,872		2,053,827

CAPITAL AND RESERVES
Called up share capital	11		607		563
Share premium account			1,987,935		1,135,599
Profit and Loss Account			(6,670 )		917,665

SHAREHOLDERS' FUNDS			1,981,872		2,053,827

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Green Running Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Peter Davies

Director

17 October 2025

The notes on pages 4 to 7 form part of these financial statements.

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Green Running Limited

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

Green Running Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07179872 . The registered office is Carpenter House Innovation Centre, Broad Quay, Bath, Somerset, BA1 1UD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Research and Development expenditure on projects in commercial development is capitalised in the year it is incurred. The capitalised costs are amortised over 5 years from the start of commercial operations. Research expenditure is written off in the year that it is incurred.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Green Running Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 October 2024	1,972,305

As at 30 September 2025	1,972,305

Net Book Value
As at 30 September 2025	1,972,305

As at 1 October 2024	1,972,305

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 October 2024	75,561
Additions	2,082

As at 30 September 2025	77,643

Depreciation
As at 1 October 2024	65,405
Provided during the period	4,038

As at 30 September 2025	69,443

Net Book Value
As at 30 September 2025	8,200

As at 1 October 2024	10,156

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Green Running Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 October 2024	-
Additions	1

As at 30 September 2025	1

Provision
As at 1 October 2024	-

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	1

As at 1 October 2024	-

The company owns the full share capital of Verv Inc which was incorporated in California, USA in June 2024

7. Stocks

	2025	2024
	£	£
Stock	12,000	42,762

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	109,462	6,263
Prepayments and accrued income	2,317	7,994
Other debtors	400	100
VAT	30,929	58,704
Directors' loan accounts	941	941
Amounts owed by group undertakings	52,925	-

	196,974	74,002

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	120,249	112,569
Bank loans and overdrafts	31,666	10,000
Other taxes and social security	36,687	8,766
Net wages	52,500	15,655
Other creditors	2,471	3,948
Accruals and deferred income	48,470	-

	292,043	150,938

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Green Running Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	10,000

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	607	563

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