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REGISTERED NUMBER: 08970458 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

FOR

RENENERGY LIMITED

RENENERGY LIMITED (REGISTERED NUMBER: 08970458)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RENENERGY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr D H Baker
Mr B Fitzsimmons
Mr C Rason



REGISTERED OFFICE: Blofield Business Centre
Woodbastwick Road
Blofield
Norwich
Norfolk
NR13 4RR



REGISTERED NUMBER: 08970458 (England and Wales)



SENIOR STATUTORY AUDITOR: Anthony Brain



AUDITORS: CG LEE Limited
Chartered Certified Accountants
Statutory Auditors
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

RENENERGY LIMITED (REGISTERED NUMBER: 08970458)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 236,209 49,606
Investments 5 100 -
236,309 49,606

CURRENT ASSETS
Stocks 6 1,421,482 99,969
Debtors 7 2,613,182 1,031,173
Cash at bank and in hand 849,077 1,180,891
4,883,741 2,312,033
CREDITORS
Amounts falling due within one year 8 3,875,773 1,915,904
NET CURRENT ASSETS 1,007,968 396,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,244,277

445,735

CREDITORS
Amounts falling due after more than one
year

9

(393,293

)

(153,370

)

PROVISIONS FOR LIABILITIES (10,150 ) (8,116 )
NET ASSETS 840,834 284,249

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 840,734 284,149
SHAREHOLDERS' FUNDS 840,834 284,249

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 Statement of Income and Retained Earnings 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:





Mr D H Baker - Director


RENENERGY LIMITED (REGISTERED NUMBER: 08970458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

RenEnergy 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.

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 represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recovered from clients, turnover excluding value added tax.

Unbilled turnover on individual contracts is included as accrued income within other debtors.

Turnover on individual contracts billed in advance is excluded from turnover, and is included as deferred income within other creditors.

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 etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RENENERGY LIMITED (REGISTERED NUMBER: 08970458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 232,510
Additions 270,509
Disposals (33,253 )
At 31 December 2023 469,766
DEPRECIATION
At 1 October 2022 182,904
Charge for period 82,679
Eliminated on disposal (32,026 )
At 31 December 2023 233,557
NET BOOK VALUE
At 31 December 2023 236,209
At 30 September 2022 49,606

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100

During the financial year 100 Ordinary £1 Shares were acquired in Yare Solar Limited. Yare Solar Limited is a wholly owned subsidiary of RenEnergy Limited.

6. STOCKS
2023 2022
£    £   
Stocks 273,537 34,464
Work-in-progress 1,147,945 65,505
1,421,482 99,969

RENENERGY LIMITED (REGISTERED NUMBER: 08970458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,819,947 479,113
Amounts owed by group undertakings 315,372 -
Other debtors 477,863 552,060
2,613,182 1,031,173

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 62,500
Hire purchase contracts - 6,029
Trade creditors 1,642,145 712,026
Amounts owed to group undertakings 808,968 -
Taxation and social security 477,754 278,363
Other creditors 946,906 856,986
3,875,773 1,915,904

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 145,833
Hire purchase contracts - 7,537
Other creditors 393,293 -
393,293 153,370

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
With respect to opening stock having a carrying amount of £34,464, the audit evidence available to us was limited because we did not observe the counting of the physical stock as at 30 September 2022, since that date was prior to our appointment as auditor of the company. Owing to the nature of the company's records, we were unable to obtain sufficient appropriate audit evidence regarding the stock quantities by using other audit procedures.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Anthony Brain (Senior Statutory Auditor)
for and on behalf of CG LEE Limited

RENENERGY LIMITED (REGISTERED NUMBER: 08970458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

12. ULTIMATE CONTROLLING PARTY

The immediate parent of Renenergy Limited is Aggreko Ray UK Limited, a company incorporated in the UK. The ultimate parent company and controlling party is Albion JVCo Limited.

Albion JVCo Limited, a company incorporated in the UK, is the ultimate parent undertaking of the smallest and largest group of undertakings to prepare consolidated financial statements. The consolidated financial statements of Albion JVCo Limited are available online from Companies House.

13. CHANGE OF YEAR END

The year end was changed to 31 December 2023 to align with the reporting period of the parent company.