Green Accountancy Limited - Period Ending 2016-06-30

Registration number: 06070701

Green Accountancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Green Accountancy Limited
Chartered Certified Accountants
Signal Court
Old Station Way
Eynsham
Oxford
OX29 4TL

Green Accountancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Green Accountancy Limited
(Registration number: 06070701)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,353			3,388
Current assets
Debtors					23,089			16,936
Cash at bank and in hand					55,950			26,128
					79,039			43,064
Creditors: Amounts falling due within one year					(52,431)			(43,440)
Net current assets/(liabilities)					26,608			(376)
Net assets					27,961			3,012
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					27,861			2,912
Shareholders' funds					27,961			3,012

For the year ending 30 June 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 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 .

Approved by the director on 31 March 2017

.........................................
Mr David Wilsdon
Director

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

Green Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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 sale of goods and services to customers.

Depreciation

Depreciation provided over useful economic life of assets

Asset class	Depreciation method and rate
Office equipment	15% to 25% reducing balance

Financial instruments

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Green Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

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 £			Total £
Cost
At 1 July 2015		27,725			27,725
Additions		121			121
Disposals		(8,391)			(8,391)
At 30 June 2016		19,455			19,455
Depreciation
At 1 July 2015		24,337			24,337
Charge for the year		1,615			1,615
Eliminated on disposals		(7,850)			(7,850)
At 30 June 2016		18,102			18,102
Net book value
At 30 June 2016		1,353			1,353
At 30 June 2015		3,388			3,388

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares £1 each of £1 each		100			100			100			100

Page 3

Green Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr David Wilsdon
Opening balance	958	-	586	-
Expenses paid privately during the year	3,422	-	6,194	-
Repaid during the year	(3,817)	-	(5,822)	-
	563	-	958	-

Page 4