M B Energy Management Limited 05177045 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is energy auditing and consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 05177045 2022-08-01 2023-07-31 05177045 2023-07-31 05177045 bus:OrdinaryShareClass1 2023-07-31 05177045 2 2023-07-31 05177045 core:CurrentFinancialInstruments 2023-07-31 05177045 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 05177045 core:AdditionsToInvestments 2023-07-31 05177045 core:CostValuation 2023-07-31 05177045 bus:SmallEntities 2022-08-01 2023-07-31 05177045 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05177045 bus:FullAccounts 2022-08-01 2023-07-31 05177045 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05177045 bus:RegisteredOffice 2022-08-01 2023-07-31 05177045 bus:CompanySecretary1 2022-08-01 2023-07-31 05177045 bus:Director2 2022-08-01 2023-07-31 05177045 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 05177045 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05177045 bus:Agent1 2022-08-01 2023-07-31 05177045 core:RevaluationReserve 2022-08-01 2023-07-31 05177045 countries:England 2022-08-01 2023-07-31 05177045 core:CostValuation 2022-07-31 05177045 2021-08-01 2022-07-31 05177045 2022-07-31 05177045 bus:OrdinaryShareClass1 2022-07-31 05177045 2 2022-07-31 05177045 core:CurrentFinancialInstruments 2022-07-31 05177045 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 05177045 core:RevaluationReserve 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05177045

M B Energy Management
Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

FRS 102 1A Filleted

 

M B Energy Management Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

M B Energy Management Limited

Company Information

Director

M J Barrington

Company secretary

S P Barrington

Registered office

Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

Accountants

Kennedy Legg
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
M B Energy Management Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M B Energy Management Limited for the year ended 31 July 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at:
https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of M B Energy Management Limited, as a body, in accordance with the terms of our engagement letter dated 13 July 2010. Our work has been undertaken solely to prepare for your approval the accounts of M B Energy Management Limited and state those matters that we have agreed to state to the Board of Directors of M B Energy Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at:
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-
audit-exempt-companies.html.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M B Energy Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that M B Energy Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M B Energy Management Limited. You consider that M B Energy Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of M B Energy Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kennedy Legg
 
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

16 April 2024

 

M B Energy Management Limited

(Registration number: 05177045)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,955,566

1,992,303

Current assets

 

Debtors

5

136

-

Creditors: Amounts falling due within one year

6

-

(10,637)

Net current assets/(liabilities)

 

136

(10,637)

Net assets

 

1,955,702

1,981,666

Capital and reserves

 

Called up share capital

7

100

100

Revaluation reserve

15,398

82,366

Retained earnings

1,940,204

1,899,200

Shareholders' funds

 

1,955,702

1,981,666

For the financial year ending 31 July 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 his 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 16 April 2024
 

.........................................
M J Barrington
Director

 

M B Energy Management Limited

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

1

General information

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

The address of its registered office is:
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

The principal place of business is:
9 - 11 Chandlery Building
Bradford on Avon Marina
Bradford on Avon
Wiltshire
BA15 1UD

These financial statements were authorised for issue by the director on 16 April 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.

 

M B Energy Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

M B Energy Management Limited

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

4

Investments

2023
£

2022
£

Investments in associates

1,955,566

1,992,303

The M B Energy Management partnership is a partnership between the company and M J Barrington. The investment represents the company's accumulated share of profits and losses derived from the venture, together with its capital introduced.

Associates

£

Cost

At 1 August 2022

1,992,303

Additions

(36,737)

At 31 July 2023

1,955,566

Provision

Carrying amount

At 31 July 2023

1,955,566

At 31 July 2022

1,992,303

5

Debtors

Note

2023
£

2022
£

Income tax asset

136

-

 

136

-

 

M B Energy Management Limited

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

10,637

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

ordinary share of £1 each

100

100

100

100

         
 

M B Energy Management Limited

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

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(66,735)

(66,735)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

233

233