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REGISTERED NUMBER: 06797423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

UK Alternative Energy Ltd

UK Alternative Energy Ltd (Registered number: 06797423)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK Alternative Energy Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Denton





REGISTERED OFFICE: Unit 15 Westminster Industrial Estate
Station Road
North Hykeham
Lincoln
Lincolnshire
LN6 3QY





REGISTERED NUMBER: 06797423 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

UK Alternative Energy Ltd (Registered number: 06797423)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,871 31,355

CURRENT ASSETS
Stocks 95,000 90,030
Debtors 5 175,202 202,828
Cash at bank and in hand 248,822 319,939
519,024 612,797
CREDITORS
Amounts falling due within one year 6 285,791 369,285
NET CURRENT ASSETS 233,233 243,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,104

274,867

CREDITORS
Amounts falling due after more than one
year

7

(18,596

)

(39,067

)

PROVISIONS FOR LIABILITIES (4,467 ) (1,564 )
NET ASSETS 247,041 234,236

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 247,039 234,235
SHAREHOLDERS' FUNDS 247,041 234,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UK Alternative Energy Ltd (Registered number: 06797423)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 23 April 2024 and were signed by:





D Denton - Director


UK Alternative Energy Ltd (Registered number: 06797423)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

UK Alternative Energy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

UK Alternative Energy Ltd (Registered number: 06797423)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 5,641 60,810 4,578 71,029
Additions 554 25,389 - 25,943
At 31 January 2024 6,195 86,199 4,578 96,972
DEPRECIATION
At 1 February 2023 2,080 33,997 3,597 39,674
Charge for year 616 18,830 981 20,427
At 31 January 2024 2,696 52,827 4,578 60,101
NET BOOK VALUE
At 31 January 2024 3,499 33,372 - 36,871
At 31 January 2023 3,561 26,813 981 31,355

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 46,241
DEPRECIATION
At 1 February 2023 23,120
Charge for year 11,560
At 31 January 2024 34,680
NET BOOK VALUE
At 31 January 2024 11,561
At 31 January 2023 23,121

UK Alternative Energy Ltd (Registered number: 06797423)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 151,933 158,714
Other debtors 10,005 10,000
VAT 4,776 28,755
Prepayments 8,488 5,359
175,202 202,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Finance leases 10,470 10,470
Deposits 77,731 79,356
Trade creditors 148,081 203,143
Tax 22,907 42,706
Social security and other taxes 14,287 21,314
Other creditors 1,382 1,191
Directors' current accounts 58 230
Accrued expenses 875 875
285,791 369,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,990 13,990
Finance leases 4,606 15,077
18,596 39,067

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Finance leases 15,076 25,547

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2023 - £20,140) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Denton.