Company Registration No. 08022705 (England and Wales)
Green Destinations Ltd
Unaudited accounts
for the period from 1 May 2022 to 31 July 2023
Green Destinations Ltd
Unaudited accounts
Contents
Green Destinations Ltd
Company Information
for the period from 1 May 2022 to 31 July 2023
Director
Jameel Ahmed Malik
Company Number
08022705 (England and Wales)
Registered Office
386 Park Road
Hockley
Birmingham
West Midlands
B18 5ST
England
Accountants
SKN Services Limited
SKN Business Centre
1 Guildford St
Birmingham
B19 2HN
Green Destinations Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
3,516,990
769,601
Cash at bank and in hand
12,500,605
2,643,211
Creditors: amounts falling due within one year
(8,636,078)
(741,080)
Net current assets
5,791,847
1,906,507
Total assets less current liabilities
9,308,837
2,676,108
Creditors: amounts falling due after more than one year
(726,674)
-
Net assets
8,582,163
2,676,108
Called up share capital
1
1
Profit and loss account
8,582,162
2,676,107
Shareholders' funds
8,582,163
2,676,108
For the period ending 31 July 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2024 and were signed on its behalf by
Jameel Ahmed Malik
Director
Company Registration No. 08022705
Green Destinations Ltd
Notes to the Accounts
for the period from 1 May 2022 to 31 July 2023
Green Destinations Ltd is a private company, limited by shares, registered in England and Wales, registration number 08022705. The registered office is 386 Park Road, Hockley, Birmingham, West Midlands, B18 5ST, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Green Destinations Ltd
Notes to the Accounts
for the period from 1 May 2022 to 31 July 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2022
-
15,227
1,049,610
14,628
15,791
1,095,256
Additions
1,314,500
-
2,009,561
116,320
7,283
3,447,664
At 31 July 2023
1,314,500
15,227
3,059,171
130,948
23,074
4,542,920
At 1 May 2022
-
5,517
308,324
5,577
6,237
325,655
Charge for the period
-
2,330
663,918
30,089
3,938
700,275
At 31 July 2023
-
7,847
972,242
35,666
10,175
1,025,930
At 31 July 2023
1,314,500
7,380
2,086,929
95,282
12,899
3,516,990
At 30 April 2022
-
9,710
741,286
9,051
9,554
769,601
Amounts falling due within one year
Accrued income and prepayments
1,679,786
2,076
Amounts falling due after more than one year
Amounts due from group undertakings etc.
148,131
-
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
585,316
-
Trade creditors
6,014,311
1,436
Taxes and social security
954,751
291,447
Other creditors
3,522
(15,881)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
726,674
-
Green Destinations Ltd
Notes to the Accounts
for the period from 1 May 2022 to 31 July 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
16,461
-
16,461
-
9
Average number of employees
During the period the average number of employees was 151 (2022: 30).