IRIS Accounts Production v23.3.0.418 08840053 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088400532022-02-28088400532023-02-28088400532022-03-012023-02-28088400532021-02-28088400532021-03-012022-02-28088400532022-02-2808840053ns10:Originalns15:EnglandWales2022-03-012023-02-2808840053ns14:PoundSterlingns10:Original2022-03-012023-02-2808840053ns10:Originalns10:Director12022-03-012023-02-2808840053ns10:Original2022-03-012023-02-2808840053ns10:Original2023-02-2808840053ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2808840053ns10:Originalns10:SmallEntities2022-03-012023-02-2808840053ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2808840053ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808840053ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2808840053ns10:Originalns10:FullAccounts2022-03-012023-02-2808840053ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2808840053ns10:Originalns10:RegisteredOffice2022-03-012023-02-2808840053ns10:Original2022-02-2808840053ns10:Originalns5:CurrentFinancialInstruments2023-02-2808840053ns10:Originalns5:CurrentFinancialInstruments2022-02-2808840053ns5:ShareCapitalns10:Original2023-02-2808840053ns5:ShareCapitalns10:Original2022-02-2808840053ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2808840053ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2808840053ns10:Originalns5:PlantMachinery2022-03-012023-02-2808840053ns10:Original2021-03-012022-02-2808840053ns10:Originalns5:PlantMachinery2022-02-2808840053ns10:Originalns5:PlantMachinery2023-02-2808840053ns10:Originalns5:PlantMachinery2022-02-2808840053ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2808840053ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2808840053ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 08840053 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ENVANTAGE RENEWABLES LTD

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENVANTAGE RENEWABLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: J Niederländer





REGISTERED OFFICE: Initial Business Centre Wilson Business
Monsall Road
Manchester
M40 8WN





REGISTERED NUMBER: 08840053 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,336,706 1,439,530

CURRENT ASSETS
Debtors 5 67,779 65,486
Cash at bank 3,355 43,800
71,134 109,286
CREDITORS
Amounts falling due within one year 6 (673,814 ) (1,139,329 )
NET CURRENT LIABILITIES (602,680 ) (1,030,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,026

409,487

PROVISIONS FOR LIABILITIES (44,045 ) (41,088 )
NET ASSETS 689,981 368,399

CAPITAL AND RESERVES
Called up share capital 7 16 16
Retained earnings 689,965 368,383
SHAREHOLDERS' FUNDS 689,981 368,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

BALANCE SHEET - continued
28 FEBRUARY 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 17 November 2023 and were signed by:





J Niederländer - Director


ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Envantage Renewables 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 2,056,471
DEPRECIATION
At 1 March 2022 616,941
Charge for year 102,824
At 28 February 2023 719,765
NET BOOK VALUE
At 28 February 2023 1,336,706
At 28 February 2022 1,439,530

ENVANTAGE RENEWABLES LTD (REGISTERED NUMBER: 08840053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,191 25,339
Other debtors 27,588 40,147
67,779 65,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 572,228 1,067,374
Taxation and social security 89,776 65,049
Other creditors 11,810 6,906
673,814 1,139,329

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
16 Ordinary 1 16 16

8. RELATED PARTY DISCLOSURES

EnValue Energie Holding GmbH & Co. KG holds 100% of the share capital in Envantage Renewables Limited. EnValue Energie Holding GmbH & Co. KG has advanced funds to help finance the UK project. At the year end £572,228 (2022: £1,067,374) is due to the parent company, and this loan bears interest of 2% + EURIBOR per annum.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Niederländer.