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REGISTERED NUMBER: 10585914 (England and Wales)















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: Anthony Chris Michaelides
Stuart Michael Maurice Fox





REGISTERED OFFICE: Morgan Reach House
136 Hagley Road
Birmingham
West Midlands
B16 9NX





REGISTERED NUMBER: 10585914 (England and Wales)

ENERGY BUREAU LTD (REGISTERED NUMBER: 10585914)

BALANCE SHEET
31 December 2022

31.12.22 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 92,857 113,026

CURRENT ASSETS
Debtors 4 1,153,643 556,384
Cash at bank 52,372 524,449
1,206,015 1,080,833
CREDITORS
Amounts falling due within one year 5 255,626 157,523
NET CURRENT ASSETS 950,389 923,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,246

1,036,336

CREDITORS
Amounts falling due after more than one
year

6

(19,354

)

(27,340

)

PENSION PROVISION (232,000 ) (232,000 )

PENSION LIABILITY (384,000 ) (500,000 )
NET ASSETS 407,892 276,996

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 406,892 275,996
407,892 276,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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


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 Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Anthony Chris Michaelides - Director


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
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.
Fixtures and fittings - 20% on reducing balance

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 2 (2022 - 2 ) .

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 1,475 55,139 112,000 20,136 188,750
Additions - - - 1,415 1,415
At 31 December 2022 1,475 55,139 112,000 21,551 190,165
DEPRECIATION
At 1 April 2022 609 22,756 40,622 11,737 75,724
Charge for period 163 4,892 13,444 3,085 21,584
At 31 December 2022 772 27,648 54,066 14,822 97,308
NET BOOK VALUE
At 31 December 2022 703 27,491 57,934 6,729 92,857
At 31 March 2022 866 32,383 71,378 8,399 113,026

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.3.22
£    £   
Trade debtors 270,130 104,305
Other debtors 883,513 452,079
1,153,643 556,384

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.3.22
£    £   
Trade creditors 586 314
Taxation and social security 253,868 140,464
Other creditors 1,172 16,745
255,626 157,523

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.3.22
£    £   
Bank loans 19,354 27,340

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