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REGISTERED NUMBER: 02789400 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Business Energy Limited

Business Energy Limited (Registered number: 02789400)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Business Energy Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S D Barrie Esq





SECRETARY: A Shaw Esq.





REGISTERED OFFICE: Unit 5
Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL





REGISTERED NUMBER: 02789400 (England and Wales)





ACCOUNTANTS: Curtis-Williams
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL

Business Energy Limited (Registered number: 02789400)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,372 1,349

CURRENT ASSETS
Debtors 5 569,483 638,528
Cash at bank 7,511 29,485
576,994 668,013
CREDITORS
Amounts falling due within one year 6 229,701 312,896
NET CURRENT ASSETS 347,293 355,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,665

356,466

CAPITAL AND RESERVES
Called up share capital 177 177
Share premium 38,423 38,423
Retained earnings 310,065 317,866
SHAREHOLDERS' FUNDS 348,665 356,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 July 2023 and were signed by:





S D Barrie Esq - Director


Business Energy Limited (Registered number: 02789400)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Business Energy 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.

Turnover represents net invoiced provision of services,excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,911 6,412 21,606 29,929
Additions - - 658 658
At 31 March 2023 1,911 6,412 22,264 30,587
DEPRECIATION
At 1 April 2022 1,891 6,246 20,443 28,580
Charge for year 3 25 607 635
At 31 March 2023 1,894 6,271 21,050 29,215
NET BOOK VALUE
At 31 March 2023 17 141 1,214 1,372
At 31 March 2022 20 166 1,163 1,349

Business Energy Limited (Registered number: 02789400)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 548,198 637,794
Other debtors 21,285 734
569,483 638,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,074 38,948
Taxation and social security 201,548 271,052
Other creditors 2,079 2,896
229,701 312,896

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S D Barrie Esq
Balance outstanding at start of year (1,083 ) (50,161 )
Amounts advanced 65,000 128,000
Amounts repaid (64,183 ) (78,922 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (266 ) (1,083 )