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REGISTERED NUMBER: 14577260 (England and Wales)















Unaudited Financial Statements

for the Period 8 January 2023 to 31 January 2024

for

8 MINUTE ENERGY LTD

8 MINUTE ENERGY LTD (REGISTERED NUMBER: 14577260)






Contents of the Financial Statements
for the period 8 January 2023 to 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


8 MINUTE ENERGY LTD

Company Information
for the period 8 January 2023 to 31 January 2024







DIRECTOR: J M Bensted





REGISTERED OFFICE: 5 Dane Close
Winsley
Bradford-On-Avon
BA15 2NA





REGISTERED NUMBER: 14577260 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
8 Minute Energy Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 8 Minute Energy Ltd for the period ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of 8 Minute Energy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 8 Minute Energy Ltd and state those matters that we have agreed to state to the director of 8 Minute Energy Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 8 Minute Energy Ltd and its director for our work or for this report.

It is your duty to ensure that 8 Minute Energy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 8 Minute Energy Ltd. You consider that 8 Minute Energy Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of 8 Minute Energy 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


19 September 2024

8 MINUTE ENERGY LTD (REGISTERED NUMBER: 14577260)

Balance Sheet
31 January 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 549

CURRENT ASSETS
Debtors 5 2,667
Cash at bank 4,200
6,867
CREDITORS
Amounts falling due within one year 6 5,829
NET CURRENT ASSETS 1,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,587

PROVISIONS FOR LIABILITIES 7 104
NET ASSETS 1,483

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 1,482
SHAREHOLDERS' FUNDS 1,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 18 September 2024 and were signed by:





J M Bensted - Director


8 MINUTE ENERGY LTD (REGISTERED NUMBER: 14577260)

Notes to the Financial Statements
for the period 8 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

8 Minute Energy 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 represents amounts receivable for services excluding value added tax. Turnover is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

8 MINUTE ENERGY LTD (REGISTERED NUMBER: 14577260)

Notes to the Financial Statements - continued
for the period 8 January 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 582
At 31 January 2024 582
DEPRECIATION
Charge for period 33
At 31 January 2024 33
NET BOOK VALUE
At 31 January 2024 549

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,039
VAT 1,350
Prepayments 278
2,667

8 MINUTE ENERGY LTD (REGISTERED NUMBER: 14577260)

Notes to the Financial Statements - continued
for the period 8 January 2023 to 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,387
Corporation tax 243
Other creditors 2,999
Accrued expenses 1,200
5,829

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 104

Deferred
tax
£   
Provided during period 104
Balance at 31 January 2024 104

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £0.01 1

9. PARENT COMPANY

The parent company is Renewable Power Consulting Ltd.