GREEN AMBER RED LTD

GREEN AMBER RED LTD

GREEN AMBER RED LTD - Company Information

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Company Registration No. 08839260 (England and Wales)
GREEN AMBER RED LTD Fillited Accounts for the year ended 31 January 2020
GREEN AMBER RED LTD Fillited Accounts Contents
Page
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GREEN AMBER RED LTD Company Information for the year ended 31 January 2020
Director
J Hull
Company Number
08839260 (England and Wales)
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GREEN AMBER RED LTD for the year ended 31 January 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GREEN AMBER RED LTD for the year ended 31 January 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of GREEN AMBER RED LTD, as a body, in accordance with the terms of our engagement letter dated 9 January 2014. Our work has been undertaken solely to prepare for your approval the accounts of GREEN AMBER RED LTD and state those matters that we have agreed to state to the Board of Directors of GREEN AMBER RED LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GREEN AMBER RED LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GREEN AMBER RED LTD 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 of GREEN AMBER RED LTD. You consider that GREEN AMBER RED LTD 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 AMBER RED LTD. 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 statutory accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 4 March 2020
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GREEN AMBER RED LTD Statement of financial position as at 31 January 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
884 
- 
Current assets
Debtors
5
8,236 
3,300 
Cash at bank and in hand
196,063 
177,373 
204,299 
180,673 
Creditors: amounts falling due within one year
6
(1,402)
(6,522)
Net current assets
202,897 
174,151 
Net assets
203,781 
174,151 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
203,771 
174,141 
Shareholders' funds
203,781 
174,151 
For the year ending 31 January 2020 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 March 2020 and were signed on its behalf by
J Hull Director Company Registration No. 08839260
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GREEN AMBER RED LTD Notes to the Accounts for the year ended 31 January 2020
1
Statutory information
GREEN AMBER RED LTD is a private company, limited by shares, registered in England and Wales, registration number 08839260.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2019
774 
Additions
1,179 
At 31 January 2020
1,953 
Depreciation
At 1 February 2019
774 
Charge for the year
295 
At 31 January 2020
1,069 
Net book value
At 31 January 2020
884 
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
8,236 
3,300 
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GREEN AMBER RED LTD Notes to the Accounts for the year ended 31 January 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
22,751 
27,573 
Loans from directors
(21,349)
(21,051)
1,402 
6,522 
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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