Greener Transport Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04920724

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Greener Transport Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mr J P Greener

SECRETARY:

Mr M A Greener

REGISTERED OFFICE:

87 Whiting Street

Bury St. Edmunds

Suffolk

IP33 1PD

REGISTERED NUMBER:

04920724

ACCOUNTANTS:

Knights Lowe

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Intangible assets

2

18,600

37,200

Tangible assets

3

468,415

369,173

487,015

406,373

CURRENT ASSETS

Stocks

2,000

2,500

Debtors

132,819

109,463

Cash at bank

61,776

115,924

196,595

227,887

CREDITORS

Amounts falling due within one year

4

226,232

248,683

NET CURRENT LIABILITIES

(29,637

)

(20,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

457,378

385,577

CREDITORS

Amounts falling due after more than one year

4

(70,538

)

(33,920

)

PROVISIONS FOR LIABILITIES

(54,000

)

(41,700

)

NET ASSETS

332,840

309,957

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

332,740

309,857

SHAREHOLDERS' FUNDS

332,840

309,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 July 2014 and were signed by:

Mr J P Greener - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total value of sales made during the year, excluding value added tax.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Tangible fixed assets

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its

expected useful life, as follows:

Freehold property - 2% on cost from the year following the year of acquisition

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 15% on cost

Motor vehicles - 25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more, tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and

depreciated over their useful lives. Obligations under such agreements are included in creditors net of the

finance charge allocated to future periods. The finance element of the rental payment is charged to the profit

and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each

period.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

186,000

AMORTISATION

At 1 January 2013

148,800

Amortisation for year

18,600

At 31 December 2013

167,400

NET BOOK VALUE

At 31 December 2013

18,600

At 31 December 2012

37,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

728,744

Additions

208,613

Disposals

(143,424

)

At 31 December 2013

793,933

DEPRECIATION

At 1 January 2013

359,571

Charge for year

61,751

Eliminated on disposal

(95,804

)

At 31 December 2013

325,518

NET BOOK VALUE

At 31 December 2013

468,415

At 31 December 2012

369,173

4.

CREDITORS

Creditors include an amount of £ 115,954 (2012 - £ 75,613 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

1

100

100