Green Light Enterprise Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06577485 (England and Wales)

GREEN LIGHT ENTERPRISE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms K Cookson

REGISTERED OFFICE:

21 Eaton Close

Hatton

DERBY

Derbyshire

DE65 5ED

REGISTERED NUMBER:

06577485 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

2

45,737

36,442

CURRENT ASSETS

Debtors

178

425

Cash at bank

26,750

15,047

26,928

15,472

CREDITORS

Amounts falling due within one year

44,879

38,175

NET CURRENT LIABILITIES

(17,951

)

(22,703

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,786

13,739

PROVISIONS FOR LIABILITIES

7,324

4,503

NET ASSETS

20,462

9,236

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

20,452

9,226

SHAREHOLDERS' FUNDS

20,462

9,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 October 2016 and were signed by:

Ms K Cookson - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

69,874

Additions

16,707

At 31 March 2016

86,581

DEPRECIATION

At 1 April 2015

33,432

Charge for year

7,412

At 31 March 2016

40,844

NET BOOK VALUE

At 31 March 2016

45,737

At 31 March 2015

36,442

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£1

10