Green Technology Finance Limited - Period Ending 2015-07-31

Registration number: 06959572

Green Technology Finance Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

KRW Accountants Limited
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Bus. Park
Alderton Rd
Towcester
NN12 7LS

Green Technology Finance Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Green Technology Finance Limited
(Registration number: 06959572)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,503			6,831
Current assets
Debtors					17,368			14,312
Cash at bank and in hand					1,004			620
					18,372			14,932
Creditors: Amounts falling due within one year					(13,422)			(13,755)
Net current assets					4,950			1,177
Total assets less current liabilities					6,453			8,008
Creditors: Amounts falling due after more than one year					(3,304)			(3,051)
Net assets					3,149			4,957
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					3,146			4,954
Shareholders' funds					3,149			4,957

For the year ending 31 July 2015 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.

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

Approved by the Board on 12 February 2016 and signed on its behalf by:

.........................................
Mr Neil John Baxendale
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Green Technology Finance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% straight line basis
Office equipment	20% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Green Technology Finance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		7,329			7,329
Disposals		(5,150)			(5,150)
At 31 July 2015		2,179			2,179
Depreciation
At 1 August 2014		498			498
Charge for the year		436			436
Eliminated on disposals		(258)			(258)
At 31 July 2015		676			676
Net book value
At 31 July 2015		1,503			1,503
At 31 July 2014		6,831			6,831

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		3			3			3			3

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr Neil John Baxendale
Directors loan	9,989	-	9,212	9,212
Kenneth Norman Riley

Page 3

Green Technology Finance Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

Advanced	2,275	-	-	-

Page 4