Silverfin false false 31/12/2023 12/07/2022 31/12/2023 Mr R Day 12/07/2022 Mr J Dutfield 12/07/2022 09 April 2024 The principal activity of the company during the period was the distribution of energy to the clients who lease offices, factories and units on the Axminster Group site. 14229351 2023-12-31 14229351 bus:Director1 2023-12-31 14229351 bus:Director2 2023-12-31 14229351 core:CurrentFinancialInstruments 2023-12-31 14229351 core:ShareCapital 2023-12-31 14229351 core:RetainedEarningsAccumulatedLosses 2023-12-31 14229351 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 14229351 bus:OrdinaryShareClass1 2023-12-31 14229351 2022-07-12 2023-12-31 14229351 bus:FilletedAccounts 2022-07-12 2023-12-31 14229351 bus:SmallEntities 2022-07-12 2023-12-31 14229351 bus:AuditExemptWithAccountantsReport 2022-07-12 2023-12-31 14229351 bus:PrivateLimitedCompanyLtd 2022-07-12 2023-12-31 14229351 bus:Director1 2022-07-12 2023-12-31 14229351 bus:Director2 2022-07-12 2023-12-31 14229351 bus:OrdinaryShareClass1 2022-07-12 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14229351 (England and Wales)

AXMINSTER ENERGY GROUP LIMITED

Unaudited Financial Statements
For the financial period from 12 July 2022 to 31 December 2023
Pages for filing with the registrar

AXMINSTER ENERGY GROUP LIMITED

Unaudited Financial Statements

For the financial period from 12 July 2022 to 31 December 2023

Contents

AXMINSTER ENERGY GROUP LIMITED

COMPANY INFORMATION

For the financial period from 12 July 2022 to 31 December 2023
AXMINSTER ENERGY GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial period from 12 July 2022 to 31 December 2023
DIRECTORS Mr R Day (Appointed 12 July 2022)
Mr J Dutfield (Appointed 12 July 2022)
SECRETARY Mrs E Cook
REGISTERED OFFICE Main Office
Woodmead Road
Axminster
EX13 5PQ
United Kingdom
COMPANY NUMBER 14229351 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
AXMINSTER ENERGY GROUP LIMITED

BALANCE SHEET

As at 31 December 2023
AXMINSTER ENERGY GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
31.12.2023
£
Current assets
Debtors 3 51,300
Cash at bank and in hand 30,509
81,809
Creditors: amounts falling due within one year 4 ( 81,375)
Net current assets 434
Total assets less current liabilities 434
Net assets 434
Capital and reserves
Called-up share capital 5 100
Profit and loss account 334
Total shareholder's funds 434

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Axminster Energy Group Limited (registered number: 14229351) were approved and authorised for issue by the Board of Directors on 09 April 2024. They were signed on its behalf by:

Mr J Dutfield
Director
AXMINSTER ENERGY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 July 2022 to 31 December 2023
AXMINSTER ENERGY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 July 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Axminster Energy Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Main Office, Woodmead Road, Axminster, EX13 5PQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable, net of value added tax in respect of recharged energy costs in the ordinary course of the company's activities. Turnover is recognised upon services provided for recharged energy costs when they are delivered.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
12.07.2022 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Debtors

31.12.2023
£
Trade debtors 1,107
Amounts owed by Group undertakings 36,855
Amounts owed by Parent undertakings 924
Accrued income 12,314
Other debtors 100
51,300

Included within 'amounts owed by Group undertakings' is £4,504 that was paid by the group company during the year, however, was not received by Axminster Energy Group until after the year end.

4. Creditors: amounts falling due within one year

31.12.2023
£
Accruals 50,197
Other taxation and social security 31,178
81,375

5. Called-up share capital

31.12.2023
£
Allotted, called-up and not yet paid
100 Ordinary shares of £ 1.00 each 100

During the period 100 ordinary shares with an aggregate nominal value of £1 were allotted for a total consideration of £100.

6. Related party transactions

The company has taken advantage of the exemption under FRS 102 not to disclose transactions between wholly owned group companies.

7. Ultimate controlling party

Parent Company:

Axminster Group Limited
Main Office, Woodmead Road, Axminster, EX13 5PQ