Company Registration No. 6425386 (England and Wales)
SearchEnergy Limited
Unaudited accounts
for the year ended 31 December 2021
SearchEnergy Limited
Unaudited accounts
Contents
SearchEnergy Limited
Company Information
for the year ended 31 December 2021
Directors
John Duff
Barbara Fowler
Company Number
6425386 (England and Wales)
Registered Office
29 Moss Lane
Elstow
Bedford
Bedfordshire
MK42 9YT
Accountants
Jameson Accounting Services
87 Hillesden Avenue
Elstow
Bedford
Bedfordshire
MK42 9AJ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SearchEnergy Limited for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SearchEnergy Limited for the year ended
31 December 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SearchEnergy Limited, as a body, in accordance with the terms of our engagement letter dated 12 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of SearchEnergy Limited and state those matters that we have agreed to state to the Board of Directors of SearchEnergy Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SearchEnergy Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SearchEnergy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SearchEnergy Limited. You consider that SearchEnergy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SearchEnergy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Jameson Accounting Services
Chartered Accountants
87 Hillesden Avenue
Elstow
Bedford
Bedfordshire
MK42 9AJ
7 September 2022
SearchEnergy Limited
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
29,171
33,582
Creditors: amounts falling due within one year
(4,283)
(5,899)
Net current assets
26,240
30,978
Total assets less current liabilities
26,241
30,979
Creditors: amounts falling due after more than one year
(14,826)
(16,600)
Called up share capital
100
100
Profit and loss account
11,315
14,279
Shareholders' funds
11,415
14,379
For the year ending 31 December 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by
John Duff
Director
Company Registration No. 6425386
SearchEnergy Limited
Notes to the Accounts
for the year ended 31 December 2021
SearchEnergy Limited is a private company, limited by shares, registered in England and Wales, registration number 6425386. The registered office is 29 Moss Lane, Elstow, Bedford, Bedfordshire, MK42 9YT.
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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
3 to 4 years
Motor vehicles
3 to 4 years
Fixtures & fittings
3 to 4 years
Computer equipment
3 to 4 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SearchEnergy Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
882
16,606
591
1,970
20,049
At 31 December 2021
882
16,606
591
1,970
20,049
At 1 January 2021
882
16,605
591
1,970
20,048
At 31 December 2021
882
16,605
591
1,970
20,048
At 31 December 2021
-
1
-
-
1
At 31 December 2020
-
1
-
-
1
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
1,008
1,426
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
2,006
1,400
Taxes and social security
1,997
3,245
Loans from directors
3
978
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).