Greentech International Limited - Limited company - abbreviated

REGISTERED NUMBER: 05764136 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Greentech International Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M S Sethi

Mrs A N Sethi

SECRETARY:

Mrs A N Sethi

REGISTERED OFFICE:

3 Hardwick Court

Longthorpe

Peterborough

Cambridgeshire

PE3 9PW

REGISTERED NUMBER:

05764136 (England and Wales)

ACCOUNTANTS:

AE Finance Ltd

Chartered Certified Accountants

367 Eastfield Road

Peterborough

Cambridgeshire

PE1 4RD

FIXED ASSETS

Tangible assets

2

1,155,426

1,156,207

CURRENT ASSETS

Stocks

50,509

222,495

Debtors

182,636

265,105

Cash at bank and in hand

100,638

16,491

333,783

504,091

CREDITORS

Amounts falling due within one year

3

339,641

491,694

NET CURRENT (LIABILITIES)/ASSETS

(5,858

)

12,397

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149,568

1,168,604

CREDITORS

Amounts falling due after more than one
year

3

(612,913

)

(647,580

)

PROVISIONS FOR LIABILITIES

(14,519

)

(8,065

)

NET ASSETS

522,136

512,959

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

522,036

512,859

SHAREHOLDERS' FUNDS

522,136

512,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 December 2015 and were signed on its behalf
by:

M S Sethi - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

1,228,810

Additions

57,985

At 31 March 2015

1,286,795

DEPRECIATION

At 1 April 2014

72,603

Charge for year

58,766

At 31 March 2015

131,369

NET BOOK VALUE

At 31 March 2015

1,155,426

At 31 March 2014

1,156,207

3.

CREDITORS

Creditors include an amount of £ 649,247 (31.3.14 - £ 725,003 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

Repayable by instalments

422,872

502,297

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

2

Ordinary Shares

1

100