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REGISTERED NUMBER: SC689923 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 May 2024

for

Clever Energy Solutions Ltd

Clever Energy Solutions Ltd (Registered number: SC689923)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clever Energy Solutions Ltd

Company Information
For The Year Ended 31 May 2024







DIRECTORS: Miss A Scott
R Hendry





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC689923 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Clever Energy Solutions Ltd (Registered number: SC689923)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,082 1,867

CURRENT ASSETS
Stocks 14,500 5,000
Debtors 5 201,033 106,562
Cash at bank 43,218 35,700
258,751 147,262
CREDITORS
Amounts falling due within one year 6 211,711 131,170
NET CURRENT ASSETS 47,040 16,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,122

17,959

CREDITORS
Amounts falling due after more than one
year

7

(144

)

(336

)

PROVISIONS FOR LIABILITIES 8 (396 ) (355 )
NET ASSETS 48,582 17,268

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 48,532 17,218
SHAREHOLDERS' FUNDS 48,582 17,268

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

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

The directors acknowledge their 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.

Clever Energy Solutions Ltd (Registered number: SC689923)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





R Hendry - Director


Clever Energy Solutions Ltd (Registered number: SC689923)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Clever Energy Solutions Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Clever Energy Solutions Ltd (Registered number: SC689923)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 312 217 1,792 2,321
Additions - 696 - 696
At 31 May 2024 312 913 1,792 3,017
DEPRECIATION
At 1 June 2023 63 32 359 454
Charge for year 62 133 286 481
At 31 May 2024 125 165 645 935
NET BOOK VALUE
At 31 May 2024 187 748 1,147 2,082
At 31 May 2023 249 185 1,433 1,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 192,997 103,322
Other debtors 8,036 3,240
201,033 106,562

Clever Energy Solutions Ltd (Registered number: SC689923)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 192 192
Trade creditors 135,623 82,610
Taxation and social security 39,077 17,195
Other creditors 36,819 31,173
211,711 131,170

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 144 336

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 396 355

Deferred
tax
£   
Balance at 1 June 2023 355
Charge to Income Statement during year 41
Balance at 31 May 2024 396

9. RELATED PARTY DISCLOSURES

At 31/05/2024, Clever Energy Solutions Ltd owed £33,568 to RACE Holdings Ltd, the companies share a director.