THE_CENTRE_FOR_GREEN_ENER - Accounts

THE CENTRE FOR GREEN ENERGY LTD - Company Information

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Company Registration No. 07121182 (England and Wales)

THE CENTRE FOR GREEN ENERGY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

THE CENTRE FOR GREEN ENERGY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

THE CENTRE FOR GREEN ENERGY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

55,807

47,968

Current assets

Stocks

31,310

45,865

Debtors

151,586

55,352

Cash at bank and in hand

5,324

6,701

188,220

107,918

Creditors: amounts falling due within one year

(141,052)

(75,352)

Net current assets

47,168

32,566

Total assets less current liabilities

102,975

80,534

Creditors: amounts falling due after more than one year

(31,654)

(22,738)

Provisions for liabilities

(11,161)

(8,840)

60,160

48,956

Capital and reserves

Called up share capital

Profit and loss account

60,158

48,954

Shareholders' funds

60,160

48,956

THE CENTRE FOR GREEN ENERGY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 November 2015

Mrs Joanne Marsh

Director

Company Registration No. 07121182

THE CENTRE FOR GREEN ENERGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Computer equipment

33.3% straight line

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and 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 a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

THE CENTRE FOR GREEN ENERGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

67,477

Additions

26,696

At 31 March 2015

94,173

Depreciation

At 1 April 2014

19,510

Charge for the year

18,856

At 31 March 2015

38,366

Net book value

At 31 March 2015

55,807

At 31 March 2014

47,968

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £13,514 (2014 - £3,806).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £19,154 (2014 - £11,627).

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each