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REGISTERED NUMBER: 13866745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

BOURNE ENERGY LIMITED

BOURNE ENERGY LIMITED (REGISTERED NUMBER: 13866745)






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


BOURNE ENERGY LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: T A Collins
A M D Harwood
D J Pryce





REGISTERED OFFICE: Unit A6 Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 13866745 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

BOURNE ENERGY LIMITED (REGISTERED NUMBER: 13866745)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,130 50,839

CURRENT ASSETS
Stocks 4,900 3,800
Debtors 5 37,531 33,042
Cash at bank 54,956 58,791
97,387 95,633
CREDITORS
Amounts falling due within one year 6 74,209 60,459
NET CURRENT ASSETS 23,178 35,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,308

86,013

PROVISIONS FOR LIABILITIES 7,245 4,202
NET ASSETS 54,063 81,811

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 53,943 81,691
SHAREHOLDERS' FUNDS 54,063 81,811

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 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.

BOURNE ENERGY LIMITED (REGISTERED NUMBER: 13866745)

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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





T A Collins - Director


BOURNE ENERGY LIMITED (REGISTERED NUMBER: 13866745)

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

1. STATUTORY INFORMATION

Bourne Energy Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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

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.

BOURNE ENERGY LIMITED (REGISTERED NUMBER: 13866745)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 21,528 5,660 40,598 67,786
DEPRECIATION
At 1 February 2023 5,382 1,415 10,150 16,947
Charge for year 4,036 1,061 7,612 12,709
At 31 January 2024 9,418 2,476 17,762 29,656
NET BOOK VALUE
At 31 January 2024 12,110 3,184 22,836 38,130
At 31 January 2023 16,146 4,245 30,448 50,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 32,519 33,042
Tax 5,012 -
37,531 33,042

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 34,974 8,002
Tax 24,803 14,286
Social security and other taxes - 1,792
VAT 11,663 16,141
Other creditors - 2,600
Directors' current accounts 1,028 12,938
Accrued expenses 1,741 4,700
74,209 60,459

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
120 Ordinary £1 120 120