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REGISTERED NUMBER: 12475161 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

DAE Energy Solutions Ltd

DAE Energy Solutions Ltd (Registered number: 12475161)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAE Energy Solutions Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTORS: R Willetts
B Green
C Webb
R Murphy





REGISTERED OFFICE: 18 Kettlesbank Road
Dudley
West Midlands
DY3 2TH





REGISTERED NUMBER: 12475161 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

DAE Energy Solutions Ltd (Registered number: 12475161)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,536 59,393

CURRENT ASSETS
Debtors 5 523,798 691,661
Cash at bank and in hand 97,383 72,401
621,181 764,062
CREDITORS
Amounts falling due within one year 6 218,428 137,792
NET CURRENT ASSETS 402,753 626,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,289

685,663

CREDITORS
Amounts falling due after more than one
year

7

(8,905

)

(20,564

)

PROVISIONS FOR LIABILITIES (10,172 ) (11,284 )
NET ASSETS 437,212 653,815

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 437,112 653,715
SHAREHOLDERS' FUNDS 437,212 653,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

DAE Energy Solutions Ltd (Registered number: 12475161)

Balance Sheet - continued
5 April 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 9 September 2024 and were signed on its behalf by:





R Willetts - Director


DAE Energy Solutions Ltd (Registered number: 12475161)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

DAE Energy Solutions 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 10 ) .

DAE Energy Solutions Ltd (Registered number: 12475161)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2023 - 2,896 82,004 12,047 96,947
Additions 1,472 1,064 45,107 8,829 56,472
Disposals - - (64,195 ) (2,829 ) (67,024 )
At 5 April 2024 1,472 3,960 62,916 18,047 86,395
DEPRECIATION
At 6 April 2023 - 833 29,275 7,446 37,554
Charge for year 294 625 14,616 6,008 21,543
Eliminated on disposal - - (24,823 ) (1,415 ) (26,238 )
At 5 April 2024 294 1,458 19,068 12,039 32,859
NET BOOK VALUE
At 5 April 2024 1,178 2,502 43,848 6,008 53,536
At 5 April 2023 - 2,063 52,729 4,601 59,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 425,735 347,273
Amounts owed by group undertakings - 150,000
Other debtors 73,596 108,511
Directors' current accounts - 74,511
VAT 24,467 11,366
523,798 691,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 1,863 1,863
Hire purchase contracts - 6,163
Trade creditors 123,713 26,843
Amounts owed to group undertakings 20,586 -
Tax 67,239 86,289
Other creditors 2,392 15,282
Directors' current accounts 54 -
Accruals and deferred income 1,051 -
Accrued expenses 1,530 1,352
218,428 137,792

DAE Energy Solutions Ltd (Registered number: 12475161)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans - 1-2 years 1,863 1,863
Bank loans - 2-5 years 5,589 5,589
Bank loans more 5 yr by instal 1,453 3,025
Hire purchase contracts - 10,087
8,905 20,564

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,453 3,025

8. RESERVES
Retained
earnings
£   

At 6 April 2023 653,715
Profit for the year 283,397
Dividends (500,000 )
At 5 April 2024 437,112

9. RELATED PARTY DISCLOSURES

DAE Energy Solutions Ltd is wholly owned by DAE Group Holdings Ltd. During the year divdiends of £470,900 were paid to DAE Group Holdings Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Willetts.