IRIS Accounts Production v24.1.9.2 06812103 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068121032023-03-31068121032024-03-31068121032023-04-012024-03-31068121032022-03-31068121032022-04-012023-03-31068121032023-03-3106812103ns15:EnglandWales2023-04-012024-03-3106812103ns14:PoundSterling2023-04-012024-03-3106812103ns10:Director12023-04-012024-03-3106812103ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106812103ns10:SmallEntities2023-04-012024-03-3106812103ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106812103ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106812103ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106812103ns10:FullAccounts2023-04-012024-03-3106812103ns5:CurrentFinancialInstruments2024-03-3106812103ns5:CurrentFinancialInstruments2023-03-3106812103ns5:Non-currentFinancialInstruments2024-03-3106812103ns5:Non-currentFinancialInstruments2023-03-3106812103ns5:ShareCapital2024-03-3106812103ns5:ShareCapital2023-03-3106812103ns5:RetainedEarningsAccumulatedLosses2024-03-3106812103ns5:RetainedEarningsAccumulatedLosses2023-03-3106812103ns10:RegisteredOffice2023-04-012024-03-3106812103ns5:PlantMachinery2023-04-012024-03-3106812103ns5:PlantMachinery2023-03-3106812103ns5:PlantMachinery2024-03-3106812103ns5:PlantMachinery2023-03-3106812103ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106812103ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106812103ns5:Secured2024-03-3106812103ns5:Secured2023-03-31
REGISTERED NUMBER: 06812103 (England and Wales)










Financial Statements

for the Year Ended 31st March 2024

for

Thorpe Energy Limited

Thorpe Energy Limited (Registered number: 06812103)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Thorpe Energy Limited (Registered number: 06812103)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,849 142,382

CURRENT ASSETS
Stocks 1,735 1,250
Debtors 5 19,335 45,530
21,070 46,780
CREDITORS
Amounts falling due within one year 6 338,291 310,306
NET CURRENT LIABILITIES (317,221 ) (263,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(197,372

)

(121,144

)

CREDITORS
Amounts falling due after more than one
year

7

216,192

241,930
NET LIABILITIES (413,564 ) (363,074 )

CAPITAL AND RESERVES
Called up share capital 120,010 120,010
Retained earnings (533,574 ) (483,084 )
SHAREHOLDERS' FUNDS (413,564 ) (363,074 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Thorpe Energy Limited (Registered number: 06812103)

Balance Sheet - continued
31st March 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 30th July 2024 and were signed on its behalf by:





H W Lillingston - Director


Thorpe Energy Limited (Registered number: 06812103)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Thorpe Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06812103

Registered office: The Estate Office
Thorpe Constantine
Tamworth
Staffordshire
B79 0LH

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.

RHI is recognised in the period to which it relates. Sales of biomass energy are recognised at the point in which a sales invoice is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Biomass plant - 5% 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.

Government grants
The grant in respect of the Biomass unit is released to the profit and loss account over its expected useful life of 20 years.

3. EMPLOYEES AND DIRECTORS

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

Thorpe Energy Limited (Registered number: 06812103)

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

4. TANGIBLE FIXED ASSETS
Biomass
plant
£   
COST
At 1st April 2023
and 31st March 2024 450,671
DEPRECIATION
At 1st April 2023 308,289
Charge for year 22,533
At 31st March 2024 330,822
NET BOOK VALUE
At 31st March 2024 119,849
At 31st March 2023 142,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,460 19,160
Other debtors 12,875 26,370
19,335 45,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 127,877 140,297
Trade creditors 124,692 101,948
Taxation and social security 240 1,880
Other creditors 85,482 66,181
338,291 310,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 190,032 211,868
Other creditors 26,160 30,062
216,192 241,930

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 101,758 110,678

Thorpe Energy Limited (Registered number: 06812103)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 101,762 112,379
Bank loans 216,147 239,786
317,909 352,165

The overdraft and loan facilities are secured against the assets of the company.