Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true1falsefalse12022-12-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10483676 2022-12-01 2023-11-30 10483676 2021-12-01 2022-11-30 10483676 2023-11-30 10483676 2022-11-30 10483676 c:Director1 2022-12-01 2023-11-30 10483676 d:CurrentFinancialInstruments 2023-11-30 10483676 d:CurrentFinancialInstruments 2022-11-30 10483676 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10483676 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10483676 d:ShareCapital 2023-11-30 10483676 d:ShareCapital 2022-11-30 10483676 d:RetainedEarningsAccumulatedLosses 2023-11-30 10483676 d:RetainedEarningsAccumulatedLosses 2022-11-30 10483676 c:FRS102 2022-12-01 2023-11-30 10483676 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10483676 c:FullAccounts 2022-12-01 2023-11-30 10483676 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10483676 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-01 2023-11-30 10483676 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 10483676 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-30 10483676 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 10483676









ALLIED ENERGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
ALLIED ENERGY LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 5


 
ALLIED ENERGY LIMITED
REGISTERED NUMBER: 10483676

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Work in progress
  
2,000
1,500

Debtors: amounts falling due within one year
 4 
21,895
-

Cash at bank and in hand
  
6,043
103

  
29,938
1,603

Creditors: amounts falling due within one year
  
(9,522)
(2,285)

Net current assets/(liabilities)
  
 
 
20,416
 
 
(682)

Total assets less current liabilities
  
20,416
(682)

  

Net assets/(liabilities)
  
20,416
(682)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
20,316
(782)

  
20,416
(682)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
ALLIED ENERGY LIMITED
REGISTERED NUMBER: 10483676
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.




J M Buxton
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ALLIED ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office address of the company is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The principal activity of the company is the provision of consultancy and project management services to the construction industry. The principal place of business is Norwich, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ALLIED ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term 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.

Page 4

 
ALLIED ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
297
-

Other debtors
21,598
-

21,895
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,765
-

Other taxation and social security
982
-

Other creditors
500
712

Accruals and deferred income
3,275
1,573

9,522
2,285



6.


Transactions with directors

As at 1 December 2022 the company owed the director £212.
During the year cash of £21,620 was drawn and interest of £190 was charged.
As a result, at 30 November 2023 the company was owed 
£21,598 by the director.

 
Page 5