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REGISTERED NUMBER: 09208087 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SMOKELESS ENERGY LTD

SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMOKELESS ENERGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr C Williams



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 09208087 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest

SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,068 26,098
11,068 26,098

CURRENT ASSETS
Stocks 6 2,500 4,000
Debtors 7 9,669 30,275
Cash at bank 55,379 8,391
67,548 42,666
CREDITORS
Amounts falling due within one year 8 49,475 36,141
NET CURRENT ASSETS 18,073 6,525
TOTAL ASSETS LESS CURRENT LIABILITIES 29,141 32,623

CREDITORS
Amounts falling due after more than one
year

9

(25,956

)

(27,113

)

PROVISIONS FOR LIABILITIES (2,103 ) (4,959 )
NET ASSETS 1,082 551

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 982 451
SHAREHOLDERS' FUNDS 1,082 551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2023 and were signed by:





Mr C Williams - Director


SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Smokeless Energy Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 10,000
AMORTISATION
At 1 October 2022
and 30 September 2023 10,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 6,971 40,786 47,757
Additions 1,591 - 1,591
Disposals - (20,495 ) (20,495 )
At 30 September 2023 8,562 20,291 28,853
DEPRECIATION
At 1 October 2022 6,845 14,814 21,659
Charge for year 343 3,231 3,574
Eliminated on disposal - (7,448 ) (7,448 )
At 30 September 2023 7,188 10,597 17,785
NET BOOK VALUE
At 30 September 2023 1,374 9,694 11,068
At 30 September 2022 126 25,972 26,098

6. STOCKS
2023 2022
£    £   
Stocks 2,500 4,000

SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146 6,904
Amounts recoverable on contract 7,294 9,485
Other debtors 536 2,530
Directors' current accounts - 3,469
VAT 1,175 7,227
Prepayments 518 660
9,669 30,275

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,157 9,397
Trade creditors 28,344 12,949
Tax 9,795 10,535
Other creditors 2,033 -
Directors' current accounts 3,471 1,740
Accrued expenses 1,675 1,520
49,475 36,141

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,102 -
Bank loans - 2-5 years 16,854 27,113
25,956 27,113

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr C Williams
Balance outstanding at start of year 3,469 (250 )
Amounts advanced 29,049 28,519
Amounts repaid (35,989 ) (24,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,471 ) 3,469

Mr D Palmer
Balance outstanding at start of year (1,740 ) (5,399 )
Amounts advanced 8,034 28,459
Amounts repaid (6,294 ) (24,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,740 )

SMOKELESS ENERGY LTD (REGISTERED NUMBER: 09208087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Loans are unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,492 (2022 - £49,600) were paid to the directors .

12. GOVERNMENT GUARANTEED LOAN

The bank loan of £30,113 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2030