REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
FOR |
ENERGY BUREAU LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
FOR |
ENERGY BUREAU LTD |
ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 April 2022 to 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ENERGY BUREAU LTD |
COMPANY INFORMATION |
for the Period 1 April 2022 to 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914) |
BALANCE SHEET |
31 December 2022 |
31.12.22 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PENSION PROVISION | ( |
) | ( |
) |
PENSION LIABILITY | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their 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. |
ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914) |
BALANCE SHEET - continued |
31 December 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 April 2022 to 31 December 2022 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Computer equipment- 20% Written Down Value |
Taxation |
Taxation for the period 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. |
Pension costs and other post-retirement benefits |
Provision |
Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation. |
Pensions |
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries. |
Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income. |
Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2022 to 31 December 2022 |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 December 2022 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 March 2022 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.3.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.22 | 31.3.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 19,354 | 27,340 |
ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2022 to 31 December 2022 |
7. | RELATED PARTY DISCLOSURES |
Included in other debtors is balance of £323,887.95 (2022: £38,290.90) due from Anthony Chris Michaelides who is director of the company. |
Included in other debtors is balance of £284,114.71 (2022: £286,146.81) due from Stuart Michael Maurice Fox who is director of the company. |
8. | PENSION COSTS |
Employer Pension Obligations |
The Company has agreed to fund a defined benefit pension scheme in respect of key employees. The most recent actuarial valuation of the obligations of £116000 (2022 - £232,000) was on 31/12/2022. During the year the expense incurred was £6,000 (2022 - £5,000). |
The principal assumptions used are: |
- Discount rate - 4.6% |
- Inflation RPI - 3.1% |
- Inflation CPI - 2.6% |
- Pre and Post Retirement mortality - S3PMA tables with improvements in the CMI 2020 model and a long term rate of improvement of 1% |
Dec 2022 March 2022 |
Present value of defined benefit obligations £116,000 £232,000 |
Fair value of scheme assets £0 £0 |
Liability recognised in the balance sheet £116,000 £232,000 |
Movements in the present value of the defined benefit obligations were as follows: |
2022 |
At the beginning of the year £232,000 |
Current Service Cost £0 |
Interest cost £6,000 |
Actuarial (gains) - £122,000 |
At the end of the year £116,000 |