GREEN DEMOLITION & REMEDIATION LIMITED

GREEN DEMOLITION & REMEDIATION LIMITED

GREEN DEMOLITION & REMEDIATION LIMITED - Company Information

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GREEN DEMOLITION & REMEDIATION LIMITED

Company Registration Number:
09313071 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

GREEN DEMOLITION & REMEDIATION LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

GREEN DEMOLITION & REMEDIATION LIMITED

Balance sheet

As at 30 November 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 20,492 13,521
Total fixed assets: 20,492 13,521
Current assets
Debtors: 4 411,929 488,954
Cash at bank and in hand: 11,007 4,303
Total current assets: 422,936 493,257
Creditors: amounts falling due within one year: 5 (289,598) (386,373)
Net current assets (liabilities): 133,338 106,884
Total assets less current liabilities: 153,830 120,405
Creditors: amounts falling due after more than one year: 6 (45,260) (38,468)
Provision for liabilities: (5,123) (2,569)
Total net assets (liabilities): 103,447 79,368
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 103,347 79,268
Shareholders funds: 103,447 79,368

The notes form part of these financial statements

GREEN DEMOLITION & REMEDIATION LIMITED

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 November 2023
and signed on behalf of the board by:

Name: Mr V J Maher
Status: Director

The notes form part of these financial statements

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of remediation and waste management services provided by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant & machinery - 20% Straight lineMotor vehicles - 25% Reducing balanceFixtures and fittings - 25% Straight line

Other accounting policies

Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.Hire purchase and leasing commitmentsRentals payable under operating leases are charged against income on a straight line basis over the lease term.The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 2 2

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 48,369
Additions 19,986
Disposals (37,530)
At 30 November 2022 30,825
Depreciation
At 01 December 2021 34,848
Charge for year 1,851
On disposals (26,366)
At 30 November 2022 10,333
Net book value
At 30 November 2022 20,492
At 30 November 2021 13,521

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Debtors

Debtors comprise of: Trade debtors - £7,511 (2021 - £3,206), Other debtors - £404,418 (2021 - £485,748)

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Creditors: amounts falling due within one year note

Bank loans and overdraft - £10,644 (2021 - £10,644)Trade creditors - £10,783 (2021 - £9,894)Amounts owed to group undertakings and undertakings in which the company has a participating interest - £152,060 (2021 - £228,263)Taxation and social security - £57,967 (2021 - £89,572)Other creditors - £58,144 (2021 - £48,000)

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Creditors: amounts falling due after more than one year note

Bank loans and overdraft - £38,509 (2021 - £38,468)Other creditors - £6,751 (2021 - £nil)

GREEN DEMOLITION & REMEDIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Loans to directors

As at 30 November 2022, the director, V Maher was indebted to the company, in the amount of £406,656 (2021 - £487,691). Interest is being charged at 3% per annum on this outstanding loan amount.