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Company Registration No. 11687125 (England and Wales)
Joule Infrastructure Ltd Unaudited accounts for the year ended 30 November 2023
Joule Infrastructure Ltd Unaudited accounts Contents
Page
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Joule Infrastructure Ltd Company Information for the year ended 30 November 2023
Directors
V N Bhana G Bhana
Company Number
11687125 (England and Wales)
Registered Office
Kalmia Cottage Horsell Park Woking Surrey GU21 4LY
Accountants
Ruffett Accountancy Limited Hillside Lodge Ridgeway Woking Surrey GU21 4QP
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Joule Infrastructure Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Joule Infrastructure Ltd for the year ended 30 November 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Joule Infrastructure Ltd, as a body, in accordance with the terms of our engagement letter dated 22 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of Joule Infrastructure Ltd and state those matters that we have agreed to state to the Board of Directors of Joule Infrastructure Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joule Infrastructure Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Joule Infrastructure Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Joule Infrastructure Ltd. You consider that Joule Infrastructure Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Joule Infrastructure Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ruffett Accountancy Limited Chartered Certified Accountants Hillside Lodge Ridgeway Woking Surrey GU21 4QP 15 July 2024
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Joule Infrastructure Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,014 
20,547 
Current assets
Debtors
114,556 
90,278 
Cash at bank and in hand
12,413 
8,756 
126,969 
99,034 
Creditors: amounts falling due within one year
(139,831)
(106,786)
Net current liabilities
(12,862)
(7,752)
Total assets less current liabilities
22,152 
12,795 
Creditors: amounts falling due after more than one year
(21,928)
(12,511)
Net assets
224 
284 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
223 
283 
Shareholders' funds
224 
284 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by
V N Bhana Director Company Registration No. 11687125
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Joule Infrastructure Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Joule Infrastructure Ltd is a private company, limited by shares, registered in England and Wales, registration number 11687125. The registered office is Kalmia Cottage, Horsell Park, Woking, Surrey, GU21 4LY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
26,995 
- 
3,072 
30,067 
Additions
- 
28,140 
548 
28,688 
At 30 November 2023
26,995 
28,140 
3,620 
58,755 
Depreciation
At 1 December 2022
6,748 
- 
2,772 
9,520 
Charge for the year
6,748 
7,035 
438 
14,221 
At 30 November 2023
13,496 
7,035 
3,210 
23,741 
Net book value
At 30 November 2023
13,499 
21,105 
410 
35,014 
At 30 November 2022
20,247 
- 
300 
20,547 
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Joule Infrastructure Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
57,210 
40,830 
Other debtors
57,346 
49,448 
114,556 
90,278 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,045 
5,045 
Obligations under finance leases and hire purchase contracts
5,785 
- 
Taxes and social security
125,901 
100,791 
Accruals
3,100 
950 
139,831 
106,786 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,465 
12,511 
Obligations under finance leases and hire purchase contracts
14,463 
- 
21,928 
12,511 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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