0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-25 Sage Accounts Production Advanced 2023 - FRS102_2023 1,660,930 499,532 58,070 557,602 1,103,328 1,161,398 xbrli:pure xbrli:shares iso4217:GBP 08996909 2022-09-25 2023-09-24 08996909 2023-09-24 08996909 2022-09-24 08996909 2021-09-25 2022-09-24 08996909 2022-09-24 08996909 2021-09-24 08996909 core:PlantMachinery 2022-09-25 2023-09-24 08996909 bus:Director1 2022-09-25 2023-09-24 08996909 core:PlantMachinery 2022-09-24 08996909 core:PlantMachinery 2023-09-24 08996909 core:WithinOneYear 2023-09-24 08996909 core:WithinOneYear 2022-09-24 08996909 core:AfterOneYear 2023-09-24 08996909 core:AfterOneYear 2022-09-24 08996909 core:ShareCapital 2023-09-24 08996909 core:ShareCapital 2022-09-24 08996909 core:RetainedEarningsAccumulatedLosses 2023-09-24 08996909 core:RetainedEarningsAccumulatedLosses 2022-09-24 08996909 core:PlantMachinery 2022-09-24 08996909 bus:SmallEntities 2022-09-25 2023-09-24 08996909 bus:AuditExemptWithAccountantsReport 2022-09-25 2023-09-24 08996909 bus:SmallCompaniesRegimeForAccounts 2022-09-25 2023-09-24 08996909 bus:PrivateLimitedCompanyLtd 2022-09-25 2023-09-24 08996909 bus:FullAccounts 2022-09-25 2023-09-24 08996909 core:AfterOneYear 2022-09-25 2023-09-24 08996909 core:KeyManagementIndividualGroup1 2022-09-25 2023-09-24 08996909 core:KeyManagementIndividualGroup1 2023-09-24
COMPANY REGISTRATION NUMBER: 08996909
Airedale Energy Limited
Filleted Unaudited Financial Statements
For the year ended
24 September 2023
Airedale Energy Limited
Financial Statements
Year ended 24 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Airedale Energy Limited
Statement of Financial Position
24 September 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
4
1,103,328
1,161,398
Current assets
Debtors
5
106,547
77,127
Cash at bank and in hand
93,486
42,322
----------
----------
200,033
119,449
Creditors: amounts falling due within one year
6
297,858
237,621
----------
----------
Net current liabilities
97,825
118,172
-------------
-------------
Total assets less current liabilities
1,005,503
1,043,226
Creditors: amounts falling due after more than one year
7
383,888
554,309
-------------
-------------
Net assets
621,615
488,917
-------------
-------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
621,515
488,817
----------
----------
Shareholder funds
621,615
488,917
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 24 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Airedale Energy Limited
Statement of Financial Position (continued)
24 September 2023
These financial statements were approved by the board of directors and authorised for issue on 4 April 2024 , and are signed on behalf of the board by:
Mr J A S Wood
Director
Company registration number: 08996909
Airedale Energy Limited
Notes to the Financial Statements
Year ended 24 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashfield House, East Cowick, Goole, East Yorkshire, DN14 9BY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of renewable energy is recognised when the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity. (d) Current & deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date . (e) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (f) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 5% straight line
(g) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Financial instruments
Financial instruments are classified and accounted for,according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Plant and machinery
Total
£
£
Cost
At 25 September 2022 and 24 September 2023
1,660,930
1,660,930
-------------
-------------
Depreciation
At 25 September 2022
499,532
499,532
Charge for the year
58,070
58,070
-------------
-------------
At 24 September 2023
557,602
557,602
-------------
-------------
Carrying amount
At 24 September 2023
1,103,328
1,103,328
-------------
-------------
At 24 September 2022
1,161,398
1,161,398
-------------
-------------
5. Debtors
2023
2022
£
£
Trade debtors
106,547
77,127
----------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
171,402
172,139
Trade creditors
37,679
7,883
Corporation tax
79,977
52,048
Social security and other taxes
8,593
5,437
Directors loan account
207
114
----------
----------
297,858
237,621
----------
----------
The bank borrowings are secured by a fixed and floating charge over the company assets.
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
383,888
554,309
----------
----------
Included within creditors: amounts falling due after more than one year is an amount of £23,214 (2022:£40,793) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank borrowings are secured by a fixed and floating charge over the company assets.
8. Related party transactions
During the year the director made available a loan to the company. The loan was interest free and repayable on demand. The balance at 24 September 2023 was £ 207 (2022 - £113).