Company Registration No. 09513027 (England and Wales)
Save Energy World Ltd
Unaudited accounts
for the year ended 31 March 2023
Save Energy World Ltd
Unaudited accounts
Contents
Save Energy World Ltd
Company Information
for the year ended 31 March 2023
Company Number
09513027 (England and Wales)
Registered Office
Cedar House, Icon Office 2058
58 Peregrine Road
Hainault
Ilford
Essex
IG6 3SZ
United Kingdom
Accountants
Davies & Co
Unit C Prout Industrial Estate
Point Road
Canvey Island
Essex
SS8 7TJ
Save Energy World Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
16,784
3,951
Cash at bank and in hand
12,099
23,358
Creditors: amounts falling due within one year
(108,663)
(71,977)
Net current liabilities
(88,219)
(44,876)
Total assets less current liabilities
(71,435)
(40,925)
Creditors: amounts falling due after more than one year
(44,435)
(47,338)
Net liabilities
(115,870)
(88,263)
Called up share capital
1
1
Profit and loss account
(115,871)
(88,264)
Shareholders' funds
(115,870)
(88,263)
For the year ending 31 March 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 9 November 2023 and were signed on its behalf by
Richard Swords
Director
Company Registration No. 09513027
Save Energy World Ltd
Notes to the Accounts
for the year ended 31 March 2023
Save Energy World Ltd is a private company, limited by shares, registered in England and Wales, registration number 09513027. The registered office is Cedar House, Icon Office 2058, 58 Peregrine Road, Hainault, Ilford, Essex, IG6 3SZ, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
15% R/B
Computer equipment
25% R/B
Save Energy World Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
-
3,853
1,670
5,523
Additions
17,995
-
-
17,995
At 31 March 2023
17,995
3,853
1,670
23,518
At 1 April 2022
-
606
966
1,572
Charge for the year
4,499
487
176
5,162
At 31 March 2023
4,499
1,093
1,142
6,734
At 31 March 2023
13,496
2,760
528
16,784
At 31 March 2022
-
3,247
704
3,951
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,662
Taxes and social security
998
-
Other creditors
1,250
1,250
Loans from directors
105,465
67,190
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).