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REGISTERED NUMBER: 07947257 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Sustainable Electrical Supply Limited

Sustainable Electrical Supply Limited (Registered number: 07947257)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sustainable Electrical Supply Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr P Bowley





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 5 Wadham Close
Southrop
Lechlade
Gloucestershire
GL7 3NR





REGISTERED NUMBER: 07947257 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Sustainable Electrical Supply Limited (Registered number: 07947257)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,307 9,382

CURRENT ASSETS
Debtors 5 454 1,497
Cash at bank 12,809 13,532
13,263 15,029
CREDITORS
Amounts falling due within one year 6 1,693 1,044
NET CURRENT ASSETS 11,570 13,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,877

23,367

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 19,875 23,365
SHAREHOLDERS' FUNDS 19,877 23,367

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.

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 26 November 2023 and were signed by:





Mr P Bowley - Director


Sustainable Electrical Supply Limited (Registered number: 07947257)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Sustainable Electrical Supply 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Sustainable Electrical Supply Limited (Registered number: 07947257)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 11,961 903 7,176 20,040
Additions - 2,905 - 2,905
Disposals - (238 ) - (238 )
At 28 February 2023 11,961 3,570 7,176 22,707
DEPRECIATION
At 1 March 2022 4,474 782 5,402 10,658
Charge for year 1,872 756 1,328 3,956
Eliminated on disposal - (214 ) - (214 )
At 28 February 2023 6,346 1,324 6,730 14,400
NET BOOK VALUE
At 28 February 2023 5,615 2,246 446 8,307
At 28 February 2022 7,487 121 1,774 9,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Corporation tax - 1,043
Prepayments 454 454
454 1,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Corporation tax 62 -
Directors' current accounts 731 144
Accrued expenses 900 900
1,693 1,044

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

Sustainable Electrical Supply Limited (Registered number: 07947257)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RESERVES
Retained
earnings
£   

At 1 March 2022 23,365
Profit for the year 4,510
Dividends (8,000 )
At 28 February 2023 19,875

9. RELATED PARTY DISCLOSURES

During the year the director, Mr P Bowley, made net deposits to his account of £587. The balance on his account at 28 February 2023 was £731 in credit (2022 - £144).

During the year Mr P Bowley received dividends from the company of £4,000 (2022 - £4,000).

10. ULTIMATE CONTROLLING PARTY

Mr P Bowley and Mrs D Bowley, being husband and wife, together form the ultimate controlling party by virtue of their holding all of the company's issued share capital.