Micro-entity Accounts - GREENER ENERGY SAVINGS LTD

Micro-entity Accounts - GREENER ENERGY SAVINGS LTD

GREENER ENERGY SAVINGS LTD - Company Information

Print Friendly Version

Registered Number SC494911

GREENER ENERGY SAVINGS LTD

Micro-entity Accounts

31 March 2017

GREENER ENERGY SAVINGS LTD Registered Number SC494911

Micro-entity Balance Sheet as at 31 March 2017

Notes 2017 2016
£ £
Fixed assets
Tangible assets 1 1,122 128
1,122 128
Current assets
Debtors 12,880 -
Cash at bank and in hand 47,232 3
60,112 3
Creditors: amounts falling due within one year (56,140) (12,730)
Net current assets (liabilities) 3,972 (12,727)
Total assets less current liabilities 5,094 (12,599)
Total net assets (liabilities) 5,094 (12,599)
Capital and reserves
Called up share capital 2 2 2
Profit and loss account 5,092 (12,601)
Shareholders' funds 5,094 (12,599)
  • For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 June 2017

And signed on their behalf by:
PETER CHALMERS, Director

GREENER ENERGY SAVINGS LTD Registered Number SC494911

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Tangible fixed assets
£
Cost
At 1 April 2016 192
Additions 1,587
Disposals -
Revaluations -
Transfers -
At 31 March 2017 1,779
Depreciation
At 1 April 2016 64
Charge for the year 593
On disposals -
At 31 March 2017 657
Net book values
At 31 March 2017 1,122
At 31 March 2016 128
2Called Up Share Capital
Allotted, called up and fully paid:
2017
£		 2016
£
2 Ordinary shares of £1 each 2 2

3Accounting Policies

Basis of measurement and preparation of accounts
These financial Statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets depreciation policy
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class Depreciation method and rate
Office equipment 33.33% on cost

Other accounting policies
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income