GRE ECO LIMITED,Ltd - Accounts

GRE-ECO LIMITED - Company Information

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GRE ECO LIMITED

For the year ended 31 October 2015

Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07423002

Contents Page

GRE ECO LIMITED

For the year ended 31 October 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

GRE ECO LIMITED

Chartered Accountants' Report

For the year ended 31 October 2015

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of GRE ECO LIMITED for the year ended 31 October 2015 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of GRE ECO LIMITED, as a body, in accordance with the terms

of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of

GRE ECO LIMITED and state those matters that we have agreed to state to the Board of Directors of GRE ECO

LIMITED, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than GRE ECO LIMITED and

its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GRE ECO LIMITED has kept adequate accounting records to prepare statutory

accounts that give a true and fair view of the assets, liabilities, financial position and loss of GRE ECO LIMITED.

You consider that GRE ECO LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of GRE ECO LIMITED. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Lofthouse & Co

36 Ropergate

Pontefract

West Yorkshire

WF8 1LY

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Abbreviated Balance Sheet

GRE ECO LIMITED

As at 31 October 2015

07423002

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

210

246

210

246

Current assets

Stocks

7,340

12,700

Debtors

1,354

Cash at bank and in hand

5,167

1,522

17,867

10,216

Creditors: amounts falling due within one year

(20,850)

(20,790)

(10,634)

(2,923)

Net current liabilities

Total assets less current liabilities

(2,713)

(10,388)

(2,713)

Net liabilities

(10,388)

Capital and reserves

Called up share capital

100

Profit and loss account

(2,813)

(10,488)

(2,713)

(10,388)

Shareholders funds

For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 29 July 2016

L Maude Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

GRE ECO LIMITED

For the year ended 31 October 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

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:

Computer Equipment

33% Straight line

Fixtures and Fittings

20% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

GRE ECO LIMITED

For the year ended 31 October 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

1,105

At 01 November 2014

At 31 October 2015

1,105

Depreciation

859

At 01 November 2014

Charge for year

895

At 31 October 2015

Net book values

At 31 October 2015

210

246

At 31 October 2014

3 Share capital

Authorised

1,000 Class A shares of £1.00 each

Allotted called up and fully paid

2015

2014

100 Class A shares of £1.00 each

100

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