Registration number:
Go Green Limited
for the Year Ended 31 December 2025
Go Green Limited
Contents
|
Company Information |
|
|
Strategic Report |
|
|
Directors' Report |
|
|
Statement of Directors' Responsibilities |
|
|
Independent Auditor's Report |
|
|
Profit and Loss Account and Statement of Retained Earnings |
|
|
Statement of Comprehensive Income |
|
|
Balance Sheet |
|
|
Statement of Changes in Equity |
|
|
Statement of Cash Flows |
|
|
Notes to the Financial Statements |
Go Green Limited
Company Information
|
Directors |
Mr P D Allen Mrs A J Bolland Mr S P Bolland Mr C Ferrinho Mrs T Ferrinho Mr W K Ives Mr J R Mimms Mr R J Wells |
|
Company secretary |
Mr S P Bolland |
|
Registered office |
|
|
Bankers |
Svenska Handelsbanken AB (pub) |
|
Auditors |
|
Go Green Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is the facilitation of waste management and recycling services.
We also provide consultancy services to ensure Waste Classification is provided to Industry standards & best practices. Our safeguarding ensures compliance to our Clients & Supply Chains regulatory obligations for their parts within the Duty of Care process.
Our challenge, and whole ethos is to source innovative waste management and recycling services in line with the five stages of the waste hierarchy; prevention, reuse, recycle, recover and disposal.
Our added value stems from our IT platform, which provides a framework that allows us to report on critical data for our clients, to assist in implementing change, and both manage and reduce their waste as well as tracking, and ultimately reduce, their carbon footprint.
Business review
The directors are satisfied with this year’s performance showing a continued trend in growth, both in terms of core activities and new related services and markets. The business continues to trade positively following recent periods of UK economic volatility due to changing business practices, and the political uncertainty shown in the budget affecting business confidence within the sectors we work within.
Notwithstanding the continuing economic uncertainty and the volatility within the Middle East impacting on oil prices, the directors remain confident that the company’s core competencies and activities will continue to deliver results, both in terms of growth and profitability, in line with management expectations. Investment will continue to be made in additional resource and IT infrastructure to support continuous improvements in procedures.
The company's key financial and other performance indicators during the year were as follows:
|
Unit |
2025 |
2024 |
|
|
Turnover |
£ |
61,069,733 |
52,078,941 |
|
Gross profit |
£ |
13,687,088 |
11,418,073 |
|
Gross profit as % of turnover |
% |
22 |
22 |
|
Profit before tax |
£ |
5,180,615 |
4,108,078 |
|
EBITDA |
£ |
5,566,592 |
4,672,484 |
|
EBITDA as % of turnover |
% |
9 |
9 |
|
Net current assets |
£ |
2,805,878 |
2,996,869 |
|
Net assets |
£ |
5,433,679 |
4,901,318 |
|
Headcount (average) |
No. |
182 |
168 |
Go Green Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
The principal risks and uncertainties faced by the company are reviewed on an ongoing basis by our Directors and Senior Team, with formal reviews being carried out monthly and a full review carried out twice per year.
Economic Instability
Principle Risk: The economic climate has faced, and continues to face, uncertainties due to political changes, an unstable economy in certain sectors and increase in employee costs all of which affect end clients.
Mitigation Activities: The company has continued to diversify revenue streams across end markets to secure turnover projections while continuing to identify new opportunities that will enable the company to continue to grow revenues and trade profitably in what is a highly competitive sector.
Supply Chain Reliance
Principle Risk: The organisation is reliant on a strong portfolio of supply chain partners. Utilising subcontractors without robust compliance credentials could expose us to reputational, operational, and financial risk.
Mitigation Activities: Our Compliance and Supply Chain teams carry out desktop and visual audits of our entire supply chain continuously. Our internal system is set up to allow us to instantly cease use of suppliers who have breached any requirements.
Talent and Culture
Principle Risk: Retaining and attracting talent is key to the success of the company; inability to have a purpose-led strategy could lead to loss of employee retention and attracting new talent.
Mitigation Activities: We continuously develop our employee packages and employee-led initiatives, including a strong EDI culture, employee engagement surveys, employee driven committees, and high-quality training strategies.
IT Security
Principle Risk: The company is at risk of IT security failure through cyber or data protection breaches; this is increased through AI led cyber threats.
Mitigation Activities: Cloud based anti-virus software runs in the background to protect our internal systems. Training is given to all staff on data protection and phishing, and the company holds a recognised Cyber-Essentials qualification and is working towards an ISO standard.
Sustainability Performance
Principle Risk: The business is exposed to increasing environmental and social performance expectations. Failure to meet these expectations or the objectives we have set as a company could result in reputational damage and reduced competitiveness.
Mitigation Activities: The company has a robust ESG strategy to ensure we are continuously evolving our sustainability performance. This strategy is focused on our environmental mitigation activities, social impact and achieved third-party verification of this performance.
Go Green Limited
Strategic Report for the Year Ended 31 December 2025
ESG
Sustainability is one of the Company’s six core values and is embedded within the strategic, operational and governance framework of the business. Our ESG strategy is intended to ensure that environmental, social and governance considerations are integrated into decision-making, operational delivery and long-term value creation across the Company.
During the year, the Company continued to receive external recognition for the strength and maturity of its sustainability practices, including the maintenance of an EcoVadis Silver Medal. This independent assessment provides external validation of the Company’s policies, procedures and performance across environmental, labour and human rights, ethics and sustainable procurement criteria.
The Company continues to measure and report greenhouse gas emissions in line with the GHG Protocol. In 2025, the Company achieved ISO 14064-1 verification for its baseline year emissions, providing independent assurance over the accuracy, completeness and transparency of carbon data. This verification establishes a robust platform for annual reporting and supports the Company’s Science Based Targets initiative (SBTi) validated Near Term 2030 and Net Zero 2048 targets. In support of these commitments, the Company will continue to report Scope 1 and Scope 2 emissions annually, expand the measurement of material Scope 3 categories and maintain independent verification of carbon data on an ongoing basis.
The Company remains committed to promoting equality, diversity and inclusion across the workforce. Mandatory EDI training continues to be delivered across the business, and the Company publishes an annual Gender Pay Gap report to provide transparency on pay performance and support actions to address any disparities identified. Gender pay data, alongside wider workforce diversity metrics, is reviewed through the Company’s ESG reporting framework to inform workforce planning, continuous improvement and accountability.
Social value delivery is managed through the Company’s established GROWW Framework, which provides a structured and governed approach to community and social impact activity across the Company’s operations, customer relationships and supply chain. During 2025, the Company increased the number of social value objectives incorporated into customer contracts and strengthened delivery arrangements by providing customers with dedicated social value contacts to support implementation, monitoring and reporting.
Recognising that people are central to the Company’s growth, the business continued during the year to develop its employee-focused initiatives, including the further development of its Employee Value Proposition, the completion of employee engagement surveys and the expansion of its network of FIR Ambassadors. The Company also continued to promote mental health awareness and inclusive working practices to support employee wellbeing, fairness and equality across the business. These measures are supported by ongoing monitoring through employee feedback, workforce metrics and regular management review, with the objective of maintaining a motivated, engaged and purpose-led workforce as the business grows.
Approved and authorised by the
|
......................................... |
Go Green Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Dividends
During the year interim dividends of £3,334,920 were paid. The directors do not recommend a final dividend be made in respect of the financial year ended 31 December 2025.
Financial instruments
Objectives and policies
The company’s principal financial instruments comprise bank balances, trade debtors and trade creditors. The purpose of these instruments is to finance the company’s business operations through positive working capital management. The directors do not consider that the company has any significant financial risks other than those normal commercial risks arising from trading operations. Such risks are managed so as to permit the smooth operation of the business.
Go Green Limited
Directors' Report for the Year Ended 31 December 2025
Price risk, credit risk, liquidity risk and cash flow risk
The company is exposed to inherent price risks as a result of end market, legislative and economic driven cost pressures. The company seeks to manage these exposures by collaborative engagement with the supply chain and customer base to negotiate mutually agreeable commercial outcomes for all parties.
The company has operated throughout the year within its bank facilities, thereby substantially mitigating liquidity and cash flow risks. In the 2024 year, an additional overdraft facility was arranged to allow for speedier movement of potential acquisition targets but remained unutilised during 2025.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both past-due date and credit limits. We also utilise an external trade credit agency to provide additional market insight and protect debt using trade credit insurance. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors’ liquidity risk is managed by ensuring robust working capital management such that sufficient funds are available to meet future obligations as they fall due. Suppliers are monitored on an ongoing basis with supplier financial strength, product quality, waste transfer facilities and service levels regularly reviewed.
Future developments
2026 plans to be another impressive year for the business, in which further investment will drive forward the business’ strategy for organic and acquisitive growth, improved efficiencies, cost controls, and ultimately increased profitability.
We have seen a strong start to 2026 across all markets with a wider service offering that is attracting a more diverse and larger customer base, supported by a more efficient and collaborative supply chain. The business expanded into earthworks services including end to end soil testing during 2025 and this has been extremely successful and, together with our newly formed Transports and Logistics division, will form a key area of growth in the new financial year.
We will continue to invest heavily in improving our IT infrastructure to increase efficiency and improve the online integration of the company, supply chain and customer base that supports our collaborative approach to international sustainable waste management and recycling solutions.
Against this backdrop, the directors are confident that the company is well placed to capture significant opportunities across our target markets today and into the future.
Research and development
The company is committed to research and development activities to ensure continuous updates and improvements to the company’s bespoke, modern systems and solutions.
Branches outside the United Kingdom
The company currently trades in the UK and Ireland.
Go Green Limited
Directors' Report for the Year Ended 31 December 2025
Important non adjusting events after the financial period
In May 2026, the company established a new Enterprise Management Incentive (EMI) share option scheme for eligible employees, including members of key management personnel.
The scheme was established after the reporting date and is therefore treated as a non-adjusting event in accordance with Section 32 of FRS102. Accordingly, no amounts relating to the scheme have been recognised in these financial statements. Any share-based payment expense arising under the scheme will be recognised in future accounting periods in accordance with Section 26 of FRS102.
The directors consider that there is no financial effect on the current reporting period.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
|
......................................... |
Go Green Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
|
• |
select suitable accounting policies and apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Go Green Limited
Independent Auditor's Report to the Members of Go Green Limited
Opinion
We have audited the financial statements of Go Green Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account and Statement of Retained Earnings, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Go Green Limited
Independent Auditor's Report to the Members of Go Green Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
|
• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 8], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
|
• |
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
Go Green Limited
Independent Auditor's Report to the Members of Go Green Limited
|
• |
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. |
|
• |
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
|
• |
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. |
|
• |
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. |
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Go Green Limited
Independent Auditor's Report to the Members of Go Green Limited
The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:-
• The engagement partner ensured that the audit team collectively had the appropriate competence, capability and skills to identify or recognise non-compliance with applicable laws and regulations;
• We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the waste management industry;
• We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protections legislation, employment law and environmental and health and safety legislation;
• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
• The audit team remained alert to the possibility of non-compliance with laws and regulations throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement including obtaining an understanding of how fraud might occur, by:
• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
• Considering what motivations and opportunities for fraud may exist within the company.
To address the risk of fraud through management bias and override of controls, we:
• Performed analytical procedures to identify any unusual or unexpected relationships;
• Reviewed journal entries to identify unusual transactions vouching to supporting documentation where appropriate;
• Reviewed the company’s bank nominal for any significant or unusual transactions vouching to supporting documentation where appropriate;
• Assessed whether the judgements and assumptions made in determining any accounting estimates used in preparing the accounts were indicative of bias; and
• We maintained an approach of professional scepticism throughout the audit; recognising the possibility of a material misstatement due to facts or behaviour indicating irregularities (including fraud) or error, notwithstanding our past experience of the honesty and integrity of the company's management.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
• Agreeing financial statement disclosures to underlying supporting documentation;
• Enquiring of management as to actual and potential litigation and claims;
• Reviewing correspondence with HMRC;
• Reviewing legal expenses both during and after the year for any items indicative of ongoing litigation and potential claims; and
• We confirmed that the company’s industry certifications remained valid.
Go Green Limited
Independent Auditor's Report to the Members of Go Green Limited
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Doncaster
South Yorkshire
DN1 2HJ
Go Green Limited
Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 December 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
|
Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar charges |
( |
( |
|
|
5,933 |
10,867 |
||
|
Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Retained earnings brought forward |
4,901,314 |
5,103,848 |
|
|
Dividends paid |
( |
( |
|
|
Retained earnings carried forward |
5,433,675 |
4,901,314 |
Go Green Limited
Statement of Comprehensive Income for the Year Ended 31 December 2025
|
2025 |
2024 |
|
|
Profit for the year |
|
|
|
Total comprehensive income for the year |
|
|
Go Green Limited
(Registration number: 04073354)
Balance Sheet as at 31 December 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
Other financial assets |
11,326 |
11,326 |
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
Approved and authorised by the
|
......................................... |
Go Green Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
|
Share capital |
Retained earnings |
Total |
|
|
At 1 January 2025 |
|
|
|
|
Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
Share capital |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 December 2024 |
4 |
4,901,314 |
4,901,318 |
Go Green Limited
Statement of Cash Flows for the Year Ended 31 December 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Profit on disposal of tangible assets |
( |
( |
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
- |
|
|
Corporation tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Decrease in deferred income, including government grants |
- |
( |
|
|
Cash generated from operations |
|
|
|
|
Corporation tax paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Acquisition of intangible assets |
( |
( |
|
|
Cash receipts from repayment of loans, classified as investing activities |
- |
|
|
|
Advances of loans, classified as investing activities |
( |
- |
|
|
Acquisition of financial investments other than trading investments |
- |
( |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
- |
|
|
Payments to finance lease creditors |
( |
- |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net decrease in cash and cash equivalents |
( |
( |
|
|
Cash and cash equivalents at 1 January |
|
|
|
|
Cash and cash equivalents at 31 December |
2,901,280 |
3,932,624 |
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in pounds sterling which is the functional currency of the company.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The Company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
2-4 years straight line per annum |
|
Fixtures, fittings and equipment |
3 years straight line per annum |
|
Motor vehicles |
4 years straight line per annum |
|
Leasehold property improvements |
Depreciated straight line over the length of the lease |
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Internally generated software development costs meeting the criteria for capitalisation under section 18 of FRS 102 are recognised at cost. These assets have a finite life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Domain name |
3 years straight line per annum |
|
Internally generated software development costs |
Not depreciated until brought into use and then 3 years straight line per annum |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit of loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Research and development
Expenditure on research is written off against profits in the year in which it is incurred.
Expenditure on development is capitalised as an intangible asset and written off over its useful economic life.
Development expenditure is only recognised where it meets the criteria set out in Section 18 of FRS 102.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Share based payments
The company issues equity-settled share options to certain employees within the company. Equity-settled share-based payment transactions are measured at fair value (excluding the effect of non market-based vesting conditions) at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the company's estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions.
Fair value has been estimated by the directors based upon independent valuations of the underlying shares.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Critical accounting judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
Critical judgements
Included within internally generated software development costs are £2,015,014 (2024 £1,234,456) relating to an ongoing project to redevelop the company’s main database so that it is better able to adopt new automation technologies. |
These costs represent the time cost of a development team consisting of a mix of staff and external consultants. |
The directors have considered the requirements under section 18 of FRS 102 and believe that the project meets all the criteria necessary to capitalise these costs as development costs. |
In reviewing these requirements, the directors have noted that the company is on track to start rolling out the redeveloped system by November 2026 and that the company expects the value of efficiencies achieved by the new system to be greater than the project’s cost. |
The directors do not consider that there have been any other critical judgements made in the process of applying the company's accounting policies. |
Key sources of estimation uncertainty
The directors do not consider that there have been any key assumptions concerning the future or other key sources of estimation uncertainty at the balance sheet date which may cause a material adjustment to the carrying amount of assets and liabilities within the next financial year.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Revenue |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Rendering of services |
|
|
The analysis of the company's Turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
|
Europe |
|
|
|
|
|
|
Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain on disposal of tangible assets |
|
|
|
Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Government grants |
- |
|
|
Miscellaneous other operating income |
|
|
|
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Operating lease expense - property |
|
|
|
Operating lease expense - motor vehicles |
|
- |
|
Operating lease expense - other |
3,600 |
- |
|
Profit on disposal of property, plant and equipment |
( |
( |
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Government grants |
The amount of grants recognised in the financial statements was £Nil (2024 - £
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
- |
|
Interest expense on other finance liabilities |
|
- |
|
Foreign exchange losses |
|
|
|
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Sales |
|
|
|
Other departments |
|
|
|
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase pension schemes |
|
|
|
525,313 |
482,360 |
If specific conditions are met, the directors will become entitled to bonuses of up to £500,000.
The company has also entered into agreements with directors which would entitle them to various bonuses in the event of company performance targets being achieved or other specific external events arising.
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Company contributions to money purchase pension schemes |
|
|
The highest paid director is included in the company's Enterprise Management Incentives (EMI) scheme.
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Income tax |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Tax decrease from other short-term timing differences |
- |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Total tax charge |
|
|
Deferred tax has been recognised at 25% (2024 - 25%) in line with the corporation tax rates expected to be in force when the associated timing differences reverse.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Asset |
|
Accelerated tax depreciation |
|
|
|
|
2024 |
Asset |
|
Accelerated tax depreciation |
|
|
|
|
Intangible assets |
|
Domain names |
Internally generated software development costs |
Total |
|
|
Cost or valuation |
|||
|
At 1 January 2025 |
|
|
|
|
Additions internally developed |
- |
|
|
|
At 31 December 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 January 2025 |
|
|
|
|
Amortisation charge |
|
|
|
|
At 31 December 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 December 2025 |
|
|
|
|
At 31 December 2024 |
|
|
|
Individually material intangible assets
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Tangible assets |
|
Leasehold property improvements |
Fixtures, fittings and equipment |
Plant and machinery |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Additions |
|
|
|
|
|
|
Disposals |
- |
- |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Motor vehicles |
142,093 |
- |
|
Other financial assets (current and non-current) |
|
Financial assets at cost less impairment |
Total |
|
|
Non-current financial assets |
||
|
Cost or valuation |
||
|
At 1 January 2025 |
11,326 |
11,326 |
|
At 31 December 2025 |
11,326 |
11,326 |
|
Carrying amount |
||
|
At 31 December 2025 |
|
11,326 |
|
At 31 December 2024 |
|
11,326 |
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Accrued income |
|
|
|
|
Deferred tax assets |
|
|
|
|
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
Short-term deposits |
|
|
|
|
|
Non-cash transactions excluded from the cash flow statement
|
2025 |
2024 |
|
|
Cost of new Tangible assets acquired under finance leases |
133,860 |
- |
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
- |
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Corporation tax |
602,776 |
653,805 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
- |
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
- |
Current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
- |
Bank borrowings
|
The company has an uncommitted Sterling overdraft facility of £1,000,000 which is secured via debenture over the company's assets and undertaking. Any amounts drawn under the facility are repayable on demand. At the year end there was no outstanding balance on the facility. (2024 Nil balance outstanding.) |
Hire purchase contracts
Hire purchase creditors are secured against the assets to which they relate.
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Obligations under leases and hire purchase contracts |
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
- |
|
Later than one year and not later than five years |
|
- |
|
|
- |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Share-based payments |
Scheme details and movements
The share options were granted to two of the company's directors subject to certain performance conditions which have now been met.
The movements in the number of share options during the year were as follows:
|
2025 |
2024 |
|
|
Outstanding, start of period |
|
|
|
Outstanding, end of period |
|
|
|
|
||
The movements in the weighted average exercise price of share options during the year were as follows:
|
2025 |
2024 |
|
|
Outstanding, start of period |
|
|
|
Outstanding, end of period |
|
|
|
|
||
|
Non adjusting events after the financial period |
|
|
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Dividends |
|
2025 |
2024 |
|||
|
£ |
£ |
|||
|
Interim dividends paid |
3,334,920 |
3,268,000 |
||
|
Analysis of changes in net debt |
|
At 1 January 2025 |
Cash flows |
New finance leases |
At 31 December 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
3,932,624 |
(1,031,344) |
- |
2,901,280 |
|
Borrowings |
||||
|
Lease liabilities |
- |
2,666 |
(133,860) |
(131,194) |
|
|
( |
( |
|
|
|
|
||||
|
Related party transactions |
Key management compensation
|
2025 |
2024 |
|
|
Salaries and other short term employee benefits |
|
|
|
Employers National Insurance Contributions |
|
|
|
Post-employment benefits |
|
|
|
|
|
|
Transactions with directors |
Loans due to the company from the directors:-
|
2025 |
At 1 January 2025 |
At 31 December 2025 |
|
Directors loans |
400,000 |
400,000 |
|
2024 |
At 1 January 2024 |
Advances to director |
Repayments by director |
At 31 December 2024 |
|
Directors loans |
562,753 |
278,500 |
(441,253) |
400,000 |
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
There is no fixed repayment date for these loans which are either repayable on demand or when specific conditions are met.
No interest is charged on these loans.
The company has security over £200,000 (2024 - £400,000) of these loans. The remaining balances are unsecured.
Dividends paid to directors
|
2025 |
2024 |
|||
|
Dividends paid to directors |
3,334,920 |
3,268,000 |
||
|
Other transactions with directors |
Included in administrative expenses is £66,000 (2024 - £66,000) in respect of rent of trading premises from directors.
The total balance owed to directors at the year end in respect of directors current accounts was £27,396 (2024 - £136,181). There are no fixed repayment terms and interest is not charged on these balances. The balances are repayable upon demand.
Loans to related parties
|
2025 |
Other related parties |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
At end of period |
|
|
|
|
||
|
2024 |
Other related parties |
Total |
|
At start of period |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
Terms of loans to related parties
Go Green Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
4 |
|
4 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |