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REGISTERED NUMBER: 05106872 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2024

for

Attleborough Eco Electric Limited

Attleborough Eco Electric Limited (Registered number: 05106872)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Attleborough Eco Electric Limited

Company Information
for the Year Ended 30 May 2024







DIRECTORS: C P Winward
C M Waters





REGISTERED OFFICE: The Old School High Street
Stretham
Ely
CB6 3LD





REGISTERED NUMBER: 05106872 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Attleborough Eco Electric Limited (Registered number: 05106872)

Balance Sheet
30 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,319,907 17,048,602

CURRENT ASSETS
Stocks 912,479 356,691
Debtors 5 1,503,218 617,318
Cash at bank 121,399 851,730
2,537,096 1,825,739
CREDITORS
Amounts falling due within one year 6 5,359,348 3,380,417
NET CURRENT LIABILITIES (2,822,252 ) (1,554,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,497,655

15,493,924

CREDITORS
Amounts falling due after more than one
year

7

46,602,028

39,542,998
NET LIABILITIES (30,104,373 ) (24,049,074 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (30,104,475 ) (24,049,176 )
(30,104,373 ) (24,049,074 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

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

Attleborough Eco Electric Limited (Registered number: 05106872)

Balance Sheet - continued
30 May 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 14 August 2024 and were signed on its behalf by:





C M Waters - Director


Attleborough Eco Electric Limited (Registered number: 05106872)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

Attleborough Eco Electric 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.

This company is part of a group.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost, less any accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

Freehold property - 4% straight line
Plant and machinery etc - 15% reducing balance and 33% straight line

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

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, and loans from banks and other third parties.

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.

Attleborough Eco Electric Limited (Registered number: 05106872)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

2. ACCOUNTING POLICIES - continued

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

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

Going concern
At the balance sheet date, the company's net liabilities exceeded its assets by £30.1m (2023: £24.05m). The company's main creditor and its associated companies has agreed to provide further support for a period of at least 12 months from the date of signing the financial statements to ensure the company can meet its liabilities as they fall due. This support has been confirmed in a letter of comfort from the main creditor to the company.

On the basis of the above, the accounts have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Assets in
property machinery equipment progress Totals
£    £    £    £    £   
COST OR VALUATION
At 31 May 2023 650,000 5,244,515 1,010 14,965,026 20,860,551
Additions - 62,565 - 2,467,431 2,529,996
At 30 May 2024 650,000 5,307,080 1,010 17,432,457 23,390,547
DEPRECIATION
At 31 May 2023 104,000 3,707,810 139 - 3,811,949
Charge for year 26,000 232,560 131 - 258,691
At 30 May 2024 130,000 3,940,370 270 - 4,070,640
NET BOOK VALUE
At 30 May 2024 520,000 1,366,710 740 17,432,457 19,319,907
At 30 May 2023 546,000 1,536,705 871 14,965,026 17,048,602

Attleborough Eco Electric Limited (Registered number: 05106872)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 May 2024 is represented by:

Freehold Plant and Office Assets in
property machinery equipment progress Totals
£    £    £    £    £   
Valuation in 2011 1,065,598 - - - 1,065,598
Valuation in 2019 (3,619,536 ) - - - (3,619,536 )
Cost 3,203,938 5,307,080 1,010 17,432,457 25,944,485
650,000 5,307,080 1,010 17,432,457 23,390,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108,502 65,214
Other debtors 1,394,716 552,104
1,503,218 617,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,188,194 2,792,451
Amounts owed to group undertakings - 500,000
Other creditors 171,154 87,966
5,359,348 3,380,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 46,602,028 39,542,998

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 46,602,028 39,542,998

Liabilities due to Privilege Project Finance Limited are secured against the assets of the company.

9. ULTIMATE PARENT COMPANY

The company's immediate parent company is Attleborough AD Plant Ltd, a company incorporated in England and Wales, whose registered office is The Old School, High Street, Stretham, Ely, CB6 3LD.

The company's ultimate controlling party is Prime Holdings Ltd, a non UK company.