Greenmo Uk Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11248355 (England and Wales)

GREENMO UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R P Jordan

A Fenwick

T W Van Dem Oever

D J Boersma

REGISTERED OFFICE:

58 Borough High Street

London

SE1 1XF

BUSINESS ADDRESS:

105 Sumner Street

London

United Kingdom

SE1 9HZ

REGISTERED NUMBER:

11248355 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

13,895

15,632

Tangible assets

5

483,066

209,545

496,961

225,177

CURRENT ASSETS

Debtors

6

40,256

176,463

Cash at bank and in hand

5,763

3,707

46,019

180,170

CREDITORS

Amounts falling due within one year

7

171,421

112,293

NET CURRENT (LIABILITIES)/ASSETS

(125,402

)

67,877

TOTAL ASSETS LESS CURRENT LIABILITIES

371,559

293,054

CREDITORS

Amounts falling due after more than one year

8

484,109

189,186

NET (LIABILITIES)/ASSETS

(112,550

)

103,868

CAPITAL AND RESERVES

Called up share capital

9

120

120

Share premium

159,940

159,940

Retained earnings

(272,610

)

(56,192

)

SHAREHOLDERS' FUNDS

(112,550

)

103,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 and authorised for issue by the Board of Directors and authorised for issue on 16 September 2020 and were signed on its behalf by:

R P Jordan - Director

1.	STATUTORY INFORMATION

Greenmo Uk Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on cost and Straight line over 3 years

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2019

and 31 December 2019

17,369

AMORTISATION

At 1 January 2019

1,737

Charge for year

1,737

At 31 December 2019

3,474

NET BOOK VALUE

At 31 December 2019

13,895

At 31 December 2018

15,632

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

231,882

Additions

406,306

Disposals

(4,500

)

At 31 December 2019

633,688

DEPRECIATION

At 1 January 2019

22,337

Charge for year

128,662

Eliminated on disposal

(377

)

At 31 December 2019

150,622

NET BOOK VALUE

At 31 December 2019

483,066

At 31 December 2018

209,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

24,020

4,990

Other debtors

16,236

171,473

40,256

176,463

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

4,793

-

Trade creditors

6,391

-

Taxation and social security

10,129

1,176

Other creditors

150,108

111,117

171,421

112,293

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

7,988

-

Other creditors

476,121

189,186

484,109

189,186

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

120

Ordinary

£1

120

120