Green Graffix Installations Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10246497 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2022

for

Green Graffix Installations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Green

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

10246497 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

CURRENT ASSETS

Debtors

4

12,528

13,143

Cash at bank

17,536

18,136

30,064

31,279

CREDITORS

Amounts falling due within one year

5

10,411

12,020

NET CURRENT ASSETS

19,653

19,259

TOTAL ASSETS LESS CURRENT LIABILITIES

19,653

19,259

CAPITAL AND RESERVES

Called up share capital

6

5

5

Retained earnings

7

19,648

19,254

SHAREHOLDERS' FUNDS

19,653

19,259

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th February 2023 and were signed by:

Mr D J Green - Director

1.	STATUTORY INFORMATION

Green Graffix Installations Ltd 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Trade debtors

12,528

13,143

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Trade creditors

941

-

Taxation and social security

8,499

11,180

Other creditors

971

840

10,411

12,020

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/22

31/5/21

value:

£

£

1

Ordinary Share

£1

1

1

1

Ordinary A Share

£1

1

1

1

Ordinary B Share

£1

1

1

1

Ordinary C Share

£1

1

1

1

Ordinary D Share

£1

1

1

5

5

7.

RESERVES

Retained

earnings

£

At 1st June 2021

19,254

Profit for the year

35,994

Dividends

(35,600

)

At 31st May 2022

19,648

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D J Green.