Green Land Reclamation Limited - Period Ending 2016-07-31

Registration number: 02725151

Green Land Reclamation Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Green Land Reclamation Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Green Land Reclamation Limited
(Registration number: 02725151)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,945			2,890
Investments		2			10,000			10,000
					11,945			12,890
Current assets
Debtors					13,224			13,351
Cash at bank and in hand					64,613			120,066
					77,837			133,417
Creditors: Amounts falling due within one year					(6,204)			(6,917)
Net current assets					71,633			126,500
Total assets less current liabilities					83,578			139,390
Capital and reserves
Called up share capital		3			5,000			5,000
Other reserves					5,000			5,000
Profit and loss account					73,578			129,390
Shareholders' funds					83,578			139,390

For the year ending 31 July 2016 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 10 February 2017 and signed on its behalf by:

.........................................
A J Limbrick
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Green Land Reclamation Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of consultancy and engineering services provided 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
Laboratory equipment	Fully depreciated
Computer equipment	33% Straight Line Basis
Office equipment	25% Straight Line Basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 August 2015		22,963			10,000			32,963
At 31 July 2016		22,963			10,000			32,963
Depreciation
At 1 August 2015		20,073			-			20,073
Charge for the year		945			-			945
At 31 July 2016		21,018			-			21,018
Net book value
At 31 July 2016		1,945			10,000			11,945
At 31 July 2015		2,890			10,000			12,890

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		5,000			5,000			5,000			5,000

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