Green Amber Red Ltd - Filleted accounts

Green Amber Red Ltd - Filleted accounts

GREEN AMBER RED LTD - Company Information

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Registered number
08839260
Green Amber Red Ltd
Report and Accounts
31 January 2018
Green Amber Red Ltd
Company Information
Director
J Hull
Accountants
SSJ Accountants Limited
173a High Street
Beckenham
Kent
BR3 1AH
Registered office
173a High Street
Beckenham
BR3 1AH
Registered number
08839260
Green Amber Red Ltd
Registered number: 08839260
Director's Report
The director presents her report and accounts for the year ended 31 January 2018.
Principal activities
The company's principal activity during the year continued to be that of television programming and broadcasting activities.
Directors
The following persons served as directors during the year:
J Hull
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 February 2018 and signed on its behalf.
J Hull
Director
Green Amber Red Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Green Amber Red Ltd for the year ended 31 January 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Green Amber Red Ltd for the year ended 31 January 2018 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
SSJ Accountants Limited
Chartered Certified Accountants
173a High Street
Beckenham
Kent
BR3 1AH
22 February 2018
Green Amber Red Ltd
Registered number: 08839260
Balance Sheet
as at 31 January 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 194 388
194 388
Current assets
Debtors 4 25,310 10,490
Cash at bank and in hand 113,629 120,083
138,939 130,573
Creditors: amounts falling due within one year 5 (18,572) (24,450)
Net current assets 120,367 106,123
Total assets less current liabilities 120,561 106,511
Net assets 120,561 106,511
Capital and reserves
Called up share capital 10 10
Profit and loss account 120,551 106,501
Shareholder's funds 120,561 106,511
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Hull
Director
Approved by the board on 20 February 2018
Green Amber Red Ltd
Notes to the Accounts
for the year ended 31 January 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2017 - 774 - 774
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2018 - 774 - 774
Depreciation
At 1 February 2017 - 386 - 386
Charge for the year - 194 - 194
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2018 - 580 - 580
Net book value
At 31 January 2018 - 194 - 194
At 31 January 2017 - 388 - 388
4 Debtors 2018 2017
£ £
Trade debtors 10,200 -
Directors Loan Account 15,110 10,490
25,310 10,490
5 Creditors: amounts falling due within one year 2018 2017
£ £
Corporation tax 12,474 20,679
Other taxes and social security costs 6,098 3,771
18,572 24,450
7 Other information
Green Amber Red Ltd is a private company limited by shares and incorporated in England. Its registered office is:
173a High Street
Beckenham
BR3 1AH
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