Ask Renewables Limited 08828188 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of the installation of renewable energy systems. Digita Accounts Production Advanced 6.30.9574.0 true true true 08828188 2023-01-01 2023-12-31 08828188 2023-12-31 08828188 bus:OrdinaryShareClass1 2023-12-31 08828188 core:CurrentFinancialInstruments 2023-12-31 08828188 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08828188 core:Non-currentFinancialInstruments 2023-12-31 08828188 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08828188 core:OtherResidualIntangibleAssets 2023-12-31 08828188 core:FurnitureFittings 2023-12-31 08828188 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 08828188 core:MotorVehicles 2023-12-31 08828188 core:PlantMachinery 2023-12-31 08828188 bus:SmallEntities 2023-01-01 2023-12-31 08828188 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08828188 bus:FullAccounts 2023-01-01 2023-12-31 08828188 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08828188 bus:RegisteredOffice 2023-01-01 2023-12-31 08828188 bus:Director1 2023-01-01 2023-12-31 08828188 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08828188 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08828188 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 08828188 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 08828188 core:FurnitureFittings 2023-01-01 2023-12-31 08828188 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08828188 core:MotorVehicles 2023-01-01 2023-12-31 08828188 core:OfficeEquipment 2023-01-01 2023-12-31 08828188 core:PlantMachinery 2023-01-01 2023-12-31 08828188 1 2023-01-01 2023-12-31 08828188 countries:EnglandWales 2023-01-01 2023-12-31 08828188 2022-12-31 08828188 core:FurnitureFittings 2022-12-31 08828188 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 08828188 core:MotorVehicles 2022-12-31 08828188 core:PlantMachinery 2022-12-31 08828188 2022-01-01 2022-12-31 08828188 2022-12-31 08828188 bus:OrdinaryShareClass1 2022-12-31 08828188 core:CurrentFinancialInstruments 2022-12-31 08828188 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08828188 core:Non-currentFinancialInstruments 2022-12-31 08828188 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08828188 core:FurnitureFittings 2022-12-31 08828188 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 08828188 core:MotorVehicles 2022-12-31 08828188 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08828188

Ask Renewables Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Ask Renewables Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Ask Renewables Limited

Company Information

Director

Miss Samantha Louise Kidd

Registered office

Unit 10 Spring Park
Clayburn Road
Grimethorpe
Barnsley
South Yorkshire
S72 7FD

Accountants

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Ask Renewables Limited

(Registration number: 08828188)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

4,500

-

Tangible assets

5

147,306

149,201

 

151,806

149,201

Current assets

 

Debtors

6

64,183

91,763

Cash at bank and in hand

 

107,632

1,000,328

 

171,815

1,092,091

Creditors: Amounts falling due within one year

7

(177,537)

(374,195)

Net current (liabilities)/assets

 

(5,722)

717,896

Total assets less current liabilities

 

146,084

867,097

Creditors: Amounts falling due after more than one year

7

(20,155)

(30,068)

Net assets

 

125,929

837,029

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

125,928

837,028

Shareholders' funds

 

125,929

837,029

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 March 2024
 

 

Ask Renewables Limited

(Registration number: 08828188)
Balance Sheet as at 31 December 2023

.........................................
Miss Samantha Louise Kidd
Director

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10 Spring Park
Clayburn Road
Grimethorpe
Barnsley
South Yorkshire
S72 7FD

These financial statements were authorised for issue by the director on 29 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

33% straight line

Office equipment

10% straight line

Fixtures and fittings

10% straight line

Plant and machinery

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

5,000

5,000

At 31 December 2023

5,000

5,000

Amortisation

Amortisation charge

500

500

At 31 December 2023

500

500

Carrying amount

At 31 December 2023

4,500

4,500

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 January 2023

10,500

13,935

798

214,473

Additions

-

20,735

-

55,815

Disposals

-

-

-

(33,700)

At 31 December 2023

10,500

34,670

798

236,588

Depreciation

At 1 January 2023

-

4,340

798

85,367

Charge for the year

-

3,396

-

52,470

Eliminated on disposal

-

-

-

(11,121)

At 31 December 2023

-

7,736

798

126,716

Carrying amount

At 31 December 2023

10,500

26,934

-

109,872

At 31 December 2022

10,500

9,595

-

129,106

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Total
£

Cost or valuation

At 1 January 2023

239,706

Additions

76,550

Disposals

(33,700)

At 31 December 2023

282,556

Depreciation

At 1 January 2023

90,505

Charge for the year

55,866

Eliminated on disposal

(11,121)

At 31 December 2023

135,250

Carrying amount

At 31 December 2023

147,306

At 31 December 2022

149,201

Included within the net book value of land and buildings above is £10,500 (2022 - £10,500) in respect of freehold land and buildings.
 

6

Debtors

2023
£

2022
£

Trade debtors

30,106

21,140

Other debtors

34,032

66,517

Prepayments

45

4,106

64,183

91,763

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

9,767

9,621

Trade creditors

 

49,019

73,913

Taxation and social security

 

114,829

205,937

Accruals and deferred income

 

1,485

1,270

Other creditors

 

2,437

83,454

 

177,537

374,195

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

20,155

30,068

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,155

30,068

 

Ask Renewables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,767

9,621

10

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,570

10,756

11

Parent and ultimate parent undertaking

The company's immediate parent is Ask Renewables Holdings Limited, incorporated in England and Wales.