Perfect Green Solar Limited - Limited company accounts 16.1

REGISTERED NUMBER: 07923661 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2015

for

Perfect Green Solar Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Perfect Green Group LTD

W Cogley

REGISTERED OFFICE:

The West Wing

1 Glass Wharf

Temple Quay

Bristol

BS2 0EL

REGISTERED NUMBER:

07923661 (England and Wales)

ACCOUNTANTS:

Create Accountancy Solutions Limited

The West Wing

I Glass Wharf

Bristol

BS2 0EL

The directors present their report with the financial statements of the company for the year ended 31 December 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2015 to the date of this

report.

Perfect Green Group LTD

W Cogley

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

W Cogley - Director

20 June 2016

TURNOVER

697,249

262,743

Cost of sales

587,896

210,623

GROSS PROFIT

109,353

52,120

Administrative expenses

90,025

66,181

OPERATING PROFIT/(LOSS)

2

19,328

(14,061

)

Interest payable and similar charges

3,020

-

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

16,308

(14,061

)

Tax on profit/(loss) on ordinary activities

3

(710

)

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

17,018

(14,061

)

CURRENT ASSETS

Stocks

38,647

79,258

Debtors

4

72,205

89,156

Cash at bank

1,443

24,138

112,295

192,552

CREDITORS

Amounts falling due within one year

5

48,009

187,894

NET CURRENT ASSETS

64,286

4,658

TOTAL ASSETS LESS CURRENT
LIABILITIES

64,286

4,658

CREDITORS

Amounts falling due after more than one
year

6

58,640

16,030

NET ASSETS/(LIABILITIES)

5,646

(11,372

)

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

5,546

(11,472

)

SHAREHOLDERS' FUNDS

5,646

(11,372

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 20 June 2016 and were signed on its behalf by:

W Cogley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2014 - operating loss) is stated after charging:

31.12.15

31.12.14

£

Foreign exchange differences

1,036

94

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax credit

The tax credit on the profit on ordinary activities for the year was as follows:

31.12.15

31.12.14

£

Current tax:

UK corporation tax

(710

)

-

Tax on profit/(loss) on ordinary activities

(710

)

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Trade debtors

29,954

81,821

Amounts owed by group undertakings

42,251

7,335

72,205

89,156

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Trade creditors

38,021

169,990

Taxation and social security

9,988

13,404

Other creditors

-

4,500

48,009

187,894

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.15

31.12.14

£

Other creditors

58,640

16,030

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Share capital 1

1

100

8.

RESERVES

Profit

and loss

account

£

At 1 January 2015

(11,472

)

Profit for the year

17,018

At 31 December 2015

5,546

9.	ULTIMATE PARENT COMPANY

Perfect Green Group Limited is regarded by the directors as being the company's ultimate parent company.

10.	RELATED PARTY DISCLOSURES

Throughout the period the company was under the control of Perfect Green Group Limited, a holding company,

by virtue of its shareholding in the company.

At the year end the total balance owing to the company from Perfect Green Heating was £42,250.79