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REGISTERED NUMBER: 09396299 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Buglass Energy Advisory Limited

Buglass Energy Advisory Limited (Registered number: 09396299)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Buglass Energy Advisory Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A C Buglass





SECRETARY: Welch Company Services Limited





REGISTERED OFFICE: Pentre Issa
Llanfechain
SY22 6XQ





REGISTERED NUMBER: 09396299 (England and Wales)






Buglass Energy Advisory Limited (Registered number: 09396299)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 30,000
Tangible assets 5 32,017 47,274
52,017 77,274

CURRENT ASSETS
Debtors 6 4,868 3,263
Prepayments and accrued income 4,737 8,063
Cash at bank 1,726 100,883
11,331 112,209
CREDITORS
Amounts falling due within one year 7 1,953 4,150
NET CURRENT ASSETS 9,378 108,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,395

185,333

CREDITORS
Amounts falling due after more than one
year

8

62,201

157,810
NET (LIABILITIES)/ASSETS (806 ) 27,523

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (1,006 ) 27,323
SHAREHOLDERS' FUNDS (806 ) 27,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Buglass Energy Advisory Limited (Registered number: 09396299)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





A C Buglass - Director


Buglass Energy Advisory Limited (Registered number: 09396299)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Buglass Energy Advisory Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Registered trademark
Registered trademark, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Buglass Energy Advisory Limited (Registered number: 09396299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 90,000
AMORTISATION
At 1 April 2022 60,000
Charge for year 10,000
At 31 March 2023 70,000
NET BOOK VALUE
At 31 March 2023 20,000
At 31 March 2022 30,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 68,177
DEPRECIATION
At 1 April 2022 20,903
Charge for year 15,257
At 31 March 2023 36,160
NET BOOK VALUE
At 31 March 2023 32,017
At 31 March 2022 47,274

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,868 -
Other debtors - 3,263
4,868 3,263

Buglass Energy Advisory Limited (Registered number: 09396299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 794 1,996
Taxation and social security 1,158 2,154
Other creditors 1 -
1,953 4,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 62,201 157,810