GRE ECO LIMITED,Ltd - AccountsLtd - Accounts

GRE ECO LIMITED,Ltd - AccountsLtd - Accounts

GRE-ECO LIMITED - Company Information

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2016-11-01 07423002 2017-10-31 07423002 2016-11-01 2017-10-31 07423002 2016-10-31 07423002 2015-11-01 2016-10-31 07423002 uk-core:WithinOneYear 2016-10-31 07423002 uk-core:WithinOneYear 2017-10-31 07423002 uk-core:AfterOneYear 2016-10-31 07423002 uk-core:AfterOneYear 2017-10-31 07423002 uk-core:ShareCapital 2017-10-31 07423002 uk-core:ShareCapital 2016-10-31 07423002 uk-core:RetainedEarningsAccumulatedLosses 2017-10-31 07423002 uk-core:RetainedEarningsAccumulatedLosses 2016-10-31 07423002 uk-bus:Director1 2016-11-01 2017-10-31 07423002 uk-core:ToolsEquipment 2016-11-01 2017-10-31 07423002 uk-core:CommercialMotorVehicles 2016-11-01 2017-10-31 07423002 uk-core:FurnitureFittings 2016-11-01 2017-10-31 07423002 uk-core:ToolsEquipment 2016-10-31 07423002 uk-core:FurnitureFittings 2016-10-31 07423002 uk-core:CommercialMotorVehicles 2016-10-31 07423002 uk-core:CommercialMotorVehicles 2017-10-31 07423002 uk-core:FurnitureFittings 2017-10-31 07423002 uk-core:ToolsEquipment 2017-10-31 07423002 uk-core:AfterOneYear uk-core:Secured 2017-10-31 07423002 uk-core:AfterOneYear uk-core:Secured 2016-10-31 iso4217:GBP 07423002 uk-bus:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 07423002 uk-bus:FRS102 2016-11-01 2017-10-31 07423002 uk-bus:FullAccounts 2016-11-01 2017-10-31 07423002 uk-bus:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31
GRE ECO LIMITED
Registered Number:07423002
For the year ended 31 October 2017
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 October 2017
GRE ECO LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 October 2017
GRE ECO LIMITED
Statement of Financial Position
Registered Number :
07423002
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
4,072
5,433
2
4,072
5,433
Current assets
Inventories
13,400
18,750
3
Trade and other receivables
1,400
2,868
4
690
Cash and cash equivalents
1,662
23,280
15,490
Trade and other payables: amounts falling due within one
year
(26,398)
(39,046)
5
(10,908)
(15,766)
Net current liabilities
Total assets less current liabilities
(11,694)
(5,475)
Trade and other payables: amounts falling due after more
than one year
-
(900)
6
(12,594)
Net liabilities
(5,475)
Capital and reserves
Called up share capital
100
100
Retained earnings
(12,694)
(5,575)
(12,594)
(5,475)
Shareholders' funds
For the year ended 31 October 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
L Maude Director
These financial statements were approved and authorised for issue by the Board on 24 July 2018 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 October 2017
GRE ECO LIMITED
Notes to the Financial Statements
Statutory Information
GRE ECO LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07423002.
Registered address:
Unit 4 Mallard Industrial Park
Charles Street
Horbury
Wakefield
WF4 5FD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Straight line
Computer equipment
25 Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 October 2017
GRE ECO LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 November 2016
7,011
869
642
5,500
At 31 October 2017
5,500
642
869
7,011
Provision for depreciation and impairment
At 01 November 2016
1,578
598
464
516
Charge for year
1,361
89
26
1,246
At 31 October 2017
2,939
687
490
1,762
At 31 October 2017
Net book value
3,738
152
182
4,072
At 31 October 2016
4,984
178
271
5,433
3. Inventories
2016
2017
£
£
Stocks
18,750
13,400
4. Trade and other receivables
2016
2017
£
£
Trade debtors
556
28
Other debtors
2,312
1,372
1,400
2,868
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
1,670
950
Taxation and social security
25
107
Other creditors
37,351
25,341
39,046
26,398
3 of 4
6
For the year ended 31 October 2017
GRE ECO LIMITED
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Bank loans and overdraft
900
-
4 of 4