Greenled Light Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05962620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

GREENLED LIGHT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

R R Palmer

REGISTERED OFFICE:

Cornhill House

Cornhill-on-Tweed

Northumberland

TD12 4UD

REGISTERED NUMBER:

05962620 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

CURRENT ASSETS

Cash at bank

16

48

CREDITORS

Amounts falling due within one year

4

442,743

433,906

NET CURRENT LIABILITIES

(442,727

)

(433,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(442,727

)

(433,858

)

CREDITORS

Amounts falling due after more than one year

5

-

6,933

NET LIABILITIES

(442,727

)

(440,791

)

CAPITAL AND RESERVES

Called up share capital

507,277

507,277

Share premium

966,947

966,947

Retained earnings

(1,916,951

)

(1,915,015

)

SHAREHOLDERS' FUNDS

(442,727

)

(440,791

)

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

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

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 July 2017 and were signed by:

R R Palmer - Director

1.	STATUTORY INFORMATION

Greenled Light Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

13,846

5,687

19,533

DEPRECIATION

At 1 January 2016

and 31 December 2016

13,846

5,687

19,533

NET BOOK VALUE

At 31 December 2016

-

-

-

At 31 December 2015

-

-

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

6,409

5,064

Amounts owed to group undertakings

311,118

311,118

Other creditors

125,216

117,724

442,743

433,906

Included in creditors due within one year are loans of £403,005 with no fixed repayment terms making the loans repayable

on demand and therefore disclosed within one year, however the loans are on favourable terms with the lenders and no

repayment will be required within 12 months of the year end.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

-

6,933

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

R R Palmer

Balance outstanding at start of year

(25,237

)

(14,786

)

Amounts advanced

(7,492

)

(10,451

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(32,729

)

(25,237

)

7.	RELATED PARTY DISCLOSURES

As of 30th June 2011, the existing shareholders exchanged all of the 507,277 £1 ordinary shares in Greenled Light Limited

for 507,277 1p shares in Greenled Group Limited. At the same time the Parent Company loaned Greenled Light Limited

£295,900. An additional £15,218 was also loaned to Greenled Light Limited. As at 31.12.16, the total amount still due from

Greenled Light Limited was £311,118 (2015: £311,118). There are no fixed repayment terms making the loan repayable on

demand and therefore disclosed within one year, however the loan is on favourable terms with the lender and no repayment

will be required within 12 months of the year end.

Greenled Light Limited is a 100% subsidiary of Greenled Group Limited. R Palmer was a director of Greenled Group

Limited during the year.

The following reproduces the text of the report prepared for the director and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement

of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report

of the Director are not required to be filed with the Registrar of Companies.

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

statements of Greenled Light Limited for the year ended 31 December 2016 which comprise the Income Statement, Statement of

Financial Position and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Greenled Light Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenled Light Limited and state those matters that we have agreed to state to the director of Greenled Light Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greenled Light Limited director for our work or for this report.

It is your duty to ensure that Greenled Light Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Greenled Light Limited. You consider that Greenled Light 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 financial statements of Greenled Light 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 financial statements.

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

27 July 2017