NEGAWATTSOURCE LIMITED

Company Registration Number:
09129695 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

NEGAWATTSOURCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NEGAWATTSOURCE LIMITED

Company Information

for the Period Ended 31 July 2023




Director: F Braz
A Braz
Secretary: J Braz
Registered office: 56
Thorley Hill
Bishop's Stortford
Hertfordshire
CM23 3NA
Company Registration Number: 09129695 (England and Wales)

NEGAWATTSOURCE LIMITED

Directors' Report Period Ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal Activities

Management of Investments and provsion of services

Directors

The directors shown below have held office during the whole of the period from 01 August 2022 to 31 July 2023
F Braz
A Braz

Secretary
J Braz

This report was approved by the board of directors on 30 November 2023
And Signed On Behalf Of The Board By:

Name: F Braz
Status: Director

NEGAWATTSOURCE LIMITED

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£

2022
£
Turnover 57,254 56,565
Cost of sales ( 31,918 ) ( 37,383 )
Gross Profit or (Loss) 25,336 19,182
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 13,467 ) ( 15,533 )
Operating Profit or (Loss) 11,869 3,649
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 11,869 3,649
Tax on Profit ( 2,255 ) ( 693 )
Profit or (Loss) for Period 9,614 2,956

The notes form part of these financial statements

NEGAWATTSOURCE LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 496,275 496,275
Total fixed assets: 496,275 496,275
Current assets
Cash at bank and in hand: 1,253 57,984
Total current assets: 1,253 57,984
Creditors: amounts falling due within one year: 5 ( 100,511 ) ( 166,856 )
Net current assets (liabilities): ( 99,258 ) ( 108,872 )
Total assets less current liabilities: 397,017 387,403
Creditors: amounts falling due after more than one year: 6 ( 221,024 ) ( 221,024 )
Total net assets (liabilities): 175,993 166,379

The notes form part of these financial statements

NEGAWATTSOURCE LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 150,000 150,000
Profit and loss account: 25,993 16,379
Shareholders funds: 175,993 166,379

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 November 2023
And Signed On Behalf Of The Board By:

Name: F Braz
Status: Director

The notes form part of these financial statements

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Intangible assets

Other Total
Cost £ £
At 01 August 2022 496,275 496,275
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 July 2023 496,275 496,275
Amortisation
Amortisation at 01 August 2022 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 July 2023 0 0
Net book value
Net book value at 31 July 2023 496,275 496,275
Net book value at 31 July 2022 496,275 496,275

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Taxation and social security 2,255 693
Accruals and deferred income 27,850 75,344
Other creditors 70,406 90,819
Total 100,511 166,856

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 221,024 221,024
Total 221,024 221,024