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REGISTERED NUMBER: 11665763 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

AB Energy Centre Ltd

AB Energy Centre Ltd (Registered number: 11665763)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

AB Energy Centre Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: B J Fisher
A F Fisher
T J Fisher





REGISTERED OFFICE: Maryholme
Hallbankgate
Brampton
Cumbria
CA8 2NE





REGISTERED NUMBER: 11665763 (England and Wales)





ACCOUNTANTS: Marrs Accountancy
Chartered Accountants
Warwick Mill Business Centre
Warwick Bridge
Carlisle
Cumbria
CA4 8RR

AB Energy Centre Ltd (Registered number: 11665763)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,881
Tangible assets 5 424,134 388,002
Investment property 6 296,182 296,182
720,316 691,065

CURRENT ASSETS
Stocks 69,500 86,000
Debtors 7 205,927 381,532
Cash at bank and in hand 217,564 457,503
492,991 925,035
CREDITORS
Amounts falling due within one year 8 495,140 942,069
NET CURRENT LIABILITIES (2,149 ) (17,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,167

674,031

CREDITORS
Amounts falling due after more than one year 9 (305,199 ) (316,584 )

PROVISIONS FOR LIABILITIES 11 (31,235 ) (20,662 )
NET ASSETS 381,733 336,785

CAPITAL AND RESERVES
Called up share capital 154 154
Retained earnings 381,579 336,631
381,733 336,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

AB Energy Centre Ltd (Registered number: 11665763)

Balance Sheet - continued
30 November 2023


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 30 August 2024 and were signed on its behalf by:




A F Fisher - Director B J Fisher - Director




T J Fisher - Director


AB Energy Centre Ltd (Registered number: 11665763)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

AB Energy Centre Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 15% on reducing balance

Investment property
Investment property is carried at fair value with changes in fair value are recognised in profit or loss. No depreciation is provided.

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 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.

AB Energy Centre Ltd (Registered number: 11665763)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 year was 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 111,627
AMORTISATION
At 1 December 2022 104,746
Charge for year 6,881
At 30 November 2023 111,627
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 6,881

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 296,182 124,200 420,382
Additions - 68,398 68,398
Disposals - (11,800 ) (11,800 )
At 30 November 2023 296,182 180,798 476,980
DEPRECIATION
At 1 December 2022 - 32,380 32,380
Charge for year - 25,836 25,836
Eliminated on disposal - (5,370 ) (5,370 )
At 30 November 2023 - 52,846 52,846
NET BOOK VALUE
At 30 November 2023 296,182 127,952 424,134
At 30 November 2022 296,182 91,820 388,002

AB Energy Centre Ltd (Registered number: 11665763)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 296,182
NET BOOK VALUE
At 30 November 2023 296,182
At 30 November 2022 296,182

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 202,526 377,120
Other debtors 3,401 4,412
205,927 381,532

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,680 13,975
Trade creditors 74,922 482,265
Taxation and social security 92,774 128,070
Other creditors 314,764 317,759
495,140 942,069

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 305,199 316,584

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 317,879 330,559

Bank borrowings relate to a mortgage and are secured on the asset to which it relates.

11. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 31,235 20,662

AB Energy Centre Ltd (Registered number: 11665763)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 20,662
Provided during year 10,573
Balance at 30 November 2023 31,235

AB Energy Centre Ltd

Report of the Accountants to the Directors of
AB Energy Centre Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Marrs Accountancy
Chartered Accountants
Warwick Mill Business Centre
Warwick Bridge
Carlisle
Cumbria
CA4 8RR


30 August 2024