Green Car Depollution Limited Accounts

GREEN CAR DEPOLLUTION LIMITED - Company Information






Green Car Depollution Limited
	Company No. 07483016
		Information for Filing with The Registrar
		31 March 2018

The Directors present their report and the accounts for the year ended 31 March 2018.

Principal activities
The principal activity of the company during the year under review was Supplier of equipment to the car dismantling industry .




Directors

The Directors who served at any time during the year were as follows:

J.C. Dale
O.G. Hutchins


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

O.G. Hutchins
Director
05 December 2018

at	31 March 2018

Company No.		07483016	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		2	27,875	36,128


				27,875	36,128
Current assets
	Stocks		3	87,780	79,800
	Debtors		4	111,816	30,598

	Cash at bank and in hand			45,304	64,275
				244,900	174,673
Creditors: Amount falling due within one year			5	(101,860)	(48,335)
Net current assets				143,040	126,338
Total assets less current liabilities				170,915	162,466
Creditors: Amounts falling due after more than one year			6	(14,684)	(19,561)



Net assets				156,231	142,905

Capital and reserves
	Called up share capital			3	3



	Profit and loss account		7	156,228	142,902

Total equity				156,231	142,905


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2018 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.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 05 December 2018

And signed on its behalf by:

O.G. Hutchins
Director

for the year ended 31 March 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% decreasing balance

Motor vehicles

25% straight line

Furniture, fittings and equipment

25% straight line

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.
No depreciation is provided in respect of investment properties.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).
Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

2	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 April 2017	43,310	45,069	1,197	89,576




		At 31 March 2018	43,310	45,069	1,197	89,576
		Depreciation
		At 1 April 2017	27,723	24,858	867	53,448
		Charge for the year	3,117	5,053	83	8,253



		At 31 March 2018	30,840	29,911	950	61,701
		Net book values
		At 31 March 2018	12,470	15,158	247	27,875
		At 31 March 2017	15,587	20,211	330	36,128

3	Stocks
			2018	2017
			£	£


		Finished goods	87,780	79,800
			87,780	79,800

4	Debtors
			2018	2017
			£	£
		Trade debtors	111,816	52,458





		Other debtors	-	(21,860)

			111,816	30,598

5	Creditors:
		amounts falling due within one year
			2018	2017
			£	£




		Trade creditors	87,300	34,367

		Corporation tax	15,040	-
		Other taxes and social security	(480)	13,968



			101,860	48,335

6	Creditors:
		amounts falling due after more than one year
			2018	2017
			£	£



		Obligations under finance lease and hire purchase contracts	14,684	19,561




			14,684	19,561

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2018	2017
			£	£
		Dividends for the period:
		Dividends paid in the period	42,538	23,465

			42,538	23,465

		Dividends by type:

		Equity dividends	42,538	23,465
			42,538	23,465

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

07483016

Its registered office is:

Unit 4H

Delta Drive

Tewkesbury

Gloucestershire

GL20 8HB