Registration number:
for the Year Ended 31 December 2023
Biowatt Site Services Limited
Contents
Company Information |
|
Directors' Report |
|
Accountants' Report |
|
Income Statement |
|
Statement of Comprehensive Income |
|
Statement of Financial Position |
|
Statement of Changes in Equity |
|
Statement of Cash Flows |
|
Notes to the Unaudited Financial Statements |
Biowatt Site Services Limited
Company Information
Directors |
J R Lloyd G G Zlatev A M Vernau H Sasaoka |
Registered office |
|
Accountants |
|
Biowatt Site Services Limited
Directors' Report for the Year Ended 31 December 2023
The directors present their report and the unaudited financial statements for the year ended 31 December 2023.
Directors' of the company
The directors, who held office during the year, were as follows:
The following director was appointed after the year end:
Principal activity
The principal activity of the company is the operation, management, development and funding of all things anaerobic digestion.
Going concern
The directors have completed a formal assessment of the company’s financial resources including the forecasts over a 24 month period from the 31 December 2023.
The company continues to maintain a strong pipeline of potential opportunities and the directors continue to explore further opportunities for growth.
The directors are therefore in agreement that the accounts should be prepared on a going concern basis.
Directors' liabilities
The company maintains a Directors and Officers Liability insurance policy.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the
......................................... |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Biowatt Site Services Limited
for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Biowatt Site Services Limited for the year ended 31 December 2023 set out on pages 4 to 22 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Biowatt Site Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Biowatt Site Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Biowatt Site Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Biowatt Site Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Biowatt Site Services Limited. You consider that Biowatt Site Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Biowatt Site Services Limited. 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 accounts.
......................................
Newbury
Berkshire
RG14 1QL
Biowatt Site Services Limited
Income Statement for the Year Ended 31 December 2023
Note |
2023 |
2022 |
|
Revenue |
|
|
|
Cost of sales |
( |
( |
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Operating (loss)/profit |
( |
|
|
Finance income |
|
|
|
Finance costs |
( |
( |
|
Net finance cost |
( |
( |
|
(Loss)/profit before tax |
( |
|
|
Income tax receipt |
|
- |
|
(Loss)/profit for the year |
( |
|
The above results were derived from continuing operations.
Biowatt Site Services Limited
Statement of Comprehensive Income for the Year Ended 31 December 2023
2023 |
2022 |
|
(Loss)/profit for the year |
( |
|
Total comprehensive income for the year |
( |
|
Biowatt Site Services Limited
(Registration number: 09835337)
Statement of Financial Position as at 31 December 2023
Note |
31 December |
31 December |
|
Assets |
|||
Non-current assets |
|||
Property, plant and equipment |
|
|
|
Right of use assets |
|
|
|
|
|
||
Current assets |
|||
Trade and other receivables |
|
|
|
Cash and cash equivalents |
|
|
|
|
|
||
Total assets |
|
|
|
Equity and liabilities |
|||
Equity |
|||
Share capital |
(116) |
(116) |
|
Retained earnings |
398,133 |
340,676 |
|
Total equity |
398,017 |
340,560 |
|
Non-current liabilities |
|||
Long term lease liabilities |
- |
( |
|
Loans and borrowings |
( |
( |
|
( |
( |
||
Current liabilities |
|||
Trade and other payables |
( |
( |
|
Loans and borrowings |
( |
( |
|
Income tax liability |
- |
( |
|
( |
( |
||
Total liabilities |
( |
( |
|
Total equity and liabilities |
( |
( |
Biowatt Site Services Limited
(Registration number: 09835337)
Statement of Financial Position as at 31 December 2023
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the
......................................... |
......................................... |
Biowatt Site Services Limited
Statement of Changes in Equity for the Year Ended 31 December 2023
Share capital |
Retained earnings |
Total |
|
At 1 January 2022 |
|
( |
( |
Profit for the year |
- |
|
|
Total comprehensive income |
- |
|
|
At 31 December 2022 |
116 |
(340,676) |
(340,560) |
Share capital |
Retained earnings |
Total |
|
At 1 January 2023 |
|
( |
( |
Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 31 December 2023 |
|
( |
( |
Biowatt Site Services Limited
Statement of Cash Flows for the Year Ended 31 December 2023
Note |
2023 |
2022 |
|
Cash flows from operating activities |
|||
(Loss)/profit for the year |
( |
|
|
Adjustments to cash flows from non-cash items |
|||
Depreciation and amortisation |
|
|
|
Depreciation on right of use assets |
10,406 |
15,029 |
|
Profit on disposal of property plant and equipment |
- |
( |
|
Finance income |
( |
( |
|
Finance costs |
|
|
|
Income tax expense |
( |
- |
|
( |
|
||
Working capital adjustments |
|||
Decrease in trade and other receivables |
|
|
|
Increase/(decrease) in trade and other payables |
|
( |
|
Cash generated from operations |
|
( |
|
Income taxes (paid)/received |
( |
|
|
Net cash flow from operating activities |
|
( |
|
Cash flows from investing activities |
|||
Interest received |
|
|
|
Acquisitions of property plant and equipment |
( |
( |
|
Payments made on leased assets during the year |
(7,382) |
(33,372) |
|
Receipt on sales of leased assets during the year |
- |
30,000 |
|
Net cash flows from investing activities |
( |
( |
|
Cash flows from financing activities |
|||
Interest paid |
( |
( |
|
Repayment of bank borrowing |
( |
( |
|
Net cash flows from financing activities |
( |
( |
|
Net increase/(decrease) in cash and cash equivalents |
|
( |
|
Cash and cash equivalents at 1 January |
3,958 |
32,133 |
|
Cash and cash equivalents at 31 December |
21,118 |
3,958 |
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated and domiciled in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Unit C
Bedford Business Park
Mile Road
Bedford
MK42 9TW
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
The company financial statements have been prepared in accordance with International Financial Reporting Standards and its interpretations adopted by the UK ("UK adopted IFRSs").
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Basis of preparation
The financial statements have been prepared in accordance with adopted IFRS's, IFRIC Interpretations and the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention. The financial statements are also prepared on a going concern basis.
The preparation of financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts in the financial statements. The areas involving a higher degree of judgement or complexity, or areas where assumptions or estimates are significant to the financial statements are disclosed in note 3.
The IFRS primary financial statements are presented in accordance with IAS 1 - 'Presentation of Financial Statements'.
The financial statements are presented in pounds sterling, the functional currency of BioWatt Site Services Ltd. Transactions denominated in a foreign currency are translated into sterling at the rate of exchange on the date of each transaction. In preparing the financial statements, monetary assets and liabilities denominated in foreign currencies are translated at the rates prevailing at the reporting date. All translation differences of monetary assets and liabilities are included in net expenditure for the year.
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Going concern
The directors have completed a formal assessment of the company’s financial resources including the forecasts over a 24 month period from the 31 December 2023.
The company continues to maintain a strong pipeline of potential opportunities and the directors continue to explore further opportunities for growth.
The directors are therefore in agreement that the accounts should be prepared on a going concern basis.
Changes in accounting policy
None of the standards, interpretations and amendments effective for the first time from 1 January 2023 have had a material effect on the financial statements.
None of the standards, interpretations and amendments which are effective for periods beginning after 1 January 2023 and which have not been adopted early, are expected to have a material effect on the financial statements.
Revenue recognition
Recognition
The company earns revenue from the provision of services relating to project management for composting sites. Revenue is recognised at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue is reduced for estimated customer returns, rebates and other similar allowances. The policies adopted for the recognition of revenue are as follows:
Rendering of services
Revenue from providing services, where performance obligations are satisfied over time, is recognised in the accounting period in which the services are rendered as this represents the way that control passes to customers. In case of fixed-price contracts, the customer pays the fixed amount based on a payment schedule which has usually been set to be broadly aligned with the volume of work performed. If the services rendered exceed the payments, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised.
Estimates of revenues, costs or extent of progress toward completion are revised if circumstances change. Any resulting increases or decreases in estimated revenues or costs are reflected in profit or loss in the period in which the circumstances that give rise to the revision become known by management.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Property, plant and equipment
Property, plant and equipment is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
4 years |
Motor Vehicles |
over the life of the lease |
Leasehold property |
over the life of the lease |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value.
Trade receivables
Trade receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not, they are presented as non-current assets.
Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities.
Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
All borrowings are initially recorded at the amount of proceeds received, net of transaction costs. Borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in finance costs.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date.
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Leases
Definition
A lease is a contract, or a part of a contract, that conveys the right to use an asset or a physically distinct part of an asset (“the underlying asset”) for a period of time in exchange for consideration. Further, the contract must convey the right to the company to control the asset or a physically distinct portion thereof. A contract is deemed to convey the right to control the underlying asset if, throughout the period of use, the company has the right to:
· Obtain substantially all the economic benefits from the use of the underlying asset, and;
· Direct the use of the underlying asset (e.g. direct how and for what purpose the asset is used)
Initial recognition and measurement
The company initially recognises a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term.
The lease liability is measured at the present value of the lease payments to be made over the lease term. The lease payments include fixed payments, purchase options at exercise price (where payment is reasonably certain), expected amount of residual value guarantees, termination option penalties (where payment is considered reasonably certain) and variable lease payments that depend on an index or rate.
The right-of-use asset is initially measured at the amount of the lease liability, adjusted for lease prepayments, lease incentives received, the company’s initial direct costs (e.g., commissions) and an estimate of restoration, removal and dismantling costs.
Subsequent measurement
After the commencement date, the company measures the lease liability by:
(a) Increasing the carrying amount to reflect interest on the lease liability;
(b) Reducing the carrying amount to reflect the lease payments made; and
(c) Re-measuring the carrying amount to reflect any reassessment or lease modifications or to reflect revised in substance fixed lease payments or on the occurrence of other specific events.
Interest on the lease liability in each period during the lease term is the amount that produces a constant periodic rate of interest on the remaining balance of the lease liability. Interest charges are [presented separately as non-operating /included in finance cost] in the income statement, unless the costs are included in the carrying amount of another asset applying other applicable standards. Variable lease payments not included in the measurement of the lease liability, are included in operating expenses in the period in which the event or condition that triggers them arises.
The related right-of-use asset is accounted for using the Cost model in IAS 16 and depreciated and charged in accordance with the depreciation requirements of IAS 16 Property, Plant and Equipment as disclosed in the accounting policy for Property, plant and equipment. Adjustments are made to the carrying value of the right of use asset where the lease liability is re-measured in accordance with the above. Right of use assets are tested for impairment in accordance with IAS 36 Impairment of assets as disclosed in the accounting policy in impairment.
Short term and low value leases
The company has made an accounting policy election, by class of underlying asset, not to recognise lease assets and lease liabilities for leases with a lease term of 12 months or less (i.e., short-term leases).
The company has made an accounting policy election on a lease-by-lease basis, not to recognise lease assets on leases for which the underlying asset is of low value.
Lease payments on short term and low value leases are accounted for on a straight line bases over the term of the lease or other systematic basis if considered more appropriate. Short term and low value lease payments are included in operating expenses in the income statement.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a separate entity and has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
For defined contribution plans contributions are paid publicly or privately administered pension insurance plans on a mandatory or contractual basis. The contributions are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as an asset.
Financial instruments
Initial recognition
A financial asset or financial liability is measured initially at fair value plus, for an item not at fair value through profit or loss, transaction costs that are directly attributable to its acquisition or issue.
A financial asset is derecognised when the contractual rights to receive future cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the company neither transfers nor retains substantially all of the risks and rewards of ownership and does not retain control of the financial asset.
A financial liability is derecognised when its contractual obligations are discharged, cancelled or expired.
Impairment of financial assets
For trade receivables, the company applies the simplified approach, which requires expected lifetime losses to be recognised from initial recognition of the receivables.
To measure the expected credit losses, trade receivables and contract assets have been grouped based on shared credit risk characteristics and the days past due. The contract assets relate to unbilled work in progress and have substantially the same risk characteristics as the trade receivables for the same types of contracts. The company has therefore concluded that the expected loss rates for trade receivables are a reasonable approximation of the loss rates for the contract assets.
The expected loss rates are based on the payment profiles of sales over a period of 36 month before 31 December 2022 and the corresponding historical credit losses experienced within this period. The historical loss rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables.
Revenue |
The analysis of the company's revenue for the year from continuing operations is as follows:
2023 |
2022 |
|
Rendering of services |
|
|
Operating (loss)/profit |
Arrived at after charging/(crediting)
2023 |
2022 |
|
Depreciation expense |
|
|
Depreciation on right of use assets - machinery |
10,406 |
15,029 |
Profit on disposal of property, plant and equipment |
- |
( |
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Finance income and costs |
2023 |
2022 |
|
Finance income |
||
Interest income on bank deposits |
|
|
Other finance income |
|
- |
Total finance income |
|
|
Finance costs |
||
Interest on bank overdrafts and borrowings |
( |
( |
Interest on obligations under finance leases and hire purchase contracts |
( |
( |
Other finance costs |
( |
- |
Total finance costs |
( |
( |
Net finance costs |
( |
( |
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
2023 |
2022 |
|
Wages and salaries |
|
|
Social security costs |
|
|
Pension costs, defined contribution scheme |
|
|
Other employee expense |
|
|
|
|
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
2023 |
2022 |
|
Administration and support |
|
14 |
Directors' remuneration |
The directors' remuneration for the year was as follows:
2023 |
2022 |
|
Remuneration |
|
|
Income tax |
Tax charged/(credited) in the income statement
2023 |
2022 |
|
Current taxation |
||
UK corporation tax |
( |
- |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2022 - the same as the standard rate of corporation tax in the UK) of 25% (2022 - 19%).
The differences are reconciled below:
2023 |
2022 |
|
(Loss)/profit before tax |
( |
|
Corporation tax at standard rate |
( |
|
Decrease in current tax from adjustment for prior periods |
( |
- |
(Decrease)/increase from effect of capital allowances depreciation |
( |
|
Increase from effect of expenses not deductible in determining taxable profit (tax loss) |
|
|
Tax decrease from utilisation of tax losses |
- |
( |
Increase from effect of unrelieved tax losses carried forward |
|
- |
Total tax credit |
( |
- |
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Property, plant and equipment |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
Cost or valuation |
|||
At 1 January 2022 |
|
|
|
Additions |
|
- |
|
At 31 December 2022 |
|
|
|
At 1 January 2023 |
|
|
|
Additions |
|
- |
|
At 31 December 2023 |
|
|
|
Depreciation |
|||
At 1 January 2022 |
|
|
|
Charge for year |
|
- |
|
At 31 December 2022 |
|
|
|
At 1 January 2023 |
|
|
|
Charge for the year |
|
- |
|
At 31 December 2023 |
|
|
|
Carrying amount |
|||
At 31 December 2023 |
|
- |
|
At 31 December 2022 |
|
- |
|
At 1 January 2022 |
|
- |
|
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Right of use assets |
Machinery |
Other |
Total |
|
Cost or valuation |
|||
At 1 January 2022 |
|
|
|
Disposals |
( |
- |
( |
At 31 December 2022 |
|
|
|
At 1 January 2023 |
|
|
|
At 31 December 2023 |
|
|
|
Depreciation |
|||
At 1 January 2022 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
( |
- |
( |
At 31 December 2022 |
|
|
|
At 1 January 2023 |
|
|
|
Charge for the year |
|
|
|
At 31 December 2023 |
|
|
|
Carrying amount |
|||
At 31 December 2023 |
- |
|
|
At 31 December 2022 |
|
|
|
Trade and other receivables |
Current |
31 December |
31 December |
Trade receivables |
|
|
Provision for impairment of trade receivables |
( |
( |
Net trade receivables |
|
|
Loans to related parties |
|
|
Other receivables |
|
|
|
|
Cash and cash equivalents |
31 December |
31 December |
|
Cash on hand |
|
|
Cash at bank |
|
|
|
|
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Share capital |
Allotted, called up and fully paid shares
31 December |
31 December |
|||
No. |
£ |
No. |
£ |
|
|
|
116 |
|
116 |
Loans and borrowings |
31 December |
31 December |
|
Non-current loans and borrowings |
||
Bank borrowings |
|
|
31 December |
31 December |
|
Current loans and borrowings |
||
Bank borrowings |
|
|
Hire purchase contracts |
|
|
|
|
Leases |
Lease liabilities maturity analysis
A maturity analysis of lease liabilities based on undiscounted gross cash flow is reported in the table below:
31 December |
31 December |
|
Less than one year |
|
|
2 years |
- |
|
3 years |
- |
|
Total lease liabilities (undiscounted) |
|
|
Total cash outflows related to leases
Total cash outflows related to leases are presented in the table below:
Payment |
31 December |
31 December |
Right of use assets |
9,495 |
17,953 |
Interest |
666 |
2,212 |
Total cash outflow |
10,161 |
20,165 |
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Trade and other payables |
31 December |
31 December |
|
Trade payables |
|
|
Accrued expenses |
|
|
Amounts due to related parties |
|
|
Social security and other taxes |
|
|
Outstanding defined contribution pension costs |
|
|
Other payables |
|
|
|
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £6,525 (2022 - £4,768).
Contributions totalling £
Related party transactions |
Summary of transactions with parent entities
During the year, the company made sales totaling £572,797 (2022: £595,044) to BioWatt Facilities Management Ltd.
The company has a loan with BioWatt Facilities Management Ltd. As at the year end the total due to BioWatt Facilities Management Ltd was £307,863 (2022: £219,913).
Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Summary of transactions with other related parties
During the year, the company made sales totalling £nil (2022: (£12,255)) to Marubeni Corporation, a related company by common control. At the year end the total amount due of £nil (2021: £12,255) was included within trade receivables.
During the year, the company made sales totalling £1,750 (2022: £4,374) to Katharos Organic Ltd, a related company by common control of a director. At the year end the total amount due of £nil (2022: £18,284) was included within trade receivables.The company received a loan from Katharos Organic Ltd. At the year end the total amount due of £3,912 (2021: £3,912) was included within amounts due to related parties.
During the year, the company made sales totalling £(3,430) (2022: £nil) to Biowatt Developments Ltd, a related company by common control of a director. At the year end the total amount due of £6,888 (2022: £6,888) was included within other receivables.
During the year, the company made sales totalling £448 (2022: £5,498) to Marsh Farm Biogas Ltd, a related company by common control of a director. At the year end the total amount due of £2,370 (2022: £4,025) was included within trade receivables.
During the year, the company made sales totalling (£1,500) (2022: £nil) to Methanum Thaxted Ltd, a related company by common control of a director. At the year end the total amount due of £nil (2022: £1,500) was included within trade receivables.
During the year, the company made sales totalling (£10) (2022: £nil) to Methanum Buntingford Ltd, a related company by common control of a director. At the year end the total amount due of £nil (2022: £11) was included within trade receivables.
During the year, the company made sales totalling (£18,873) (2022: £nil) to Methanum Ltd, a related company by common control of a director. At the year end the total amount due of £nil (2022: £22,647) was included within trade receivables.
During the year, the company made sales totalling (£6,695) (2022: £nil) to Biomass Future Generation Ltd, a related company by common control of a director. At the year end the total amount due of £655 (2022: £11,253) was included within trade receivables.
Loans to key management
Key management |
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31 December |
31 December |
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At start of period |
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Repaid |
( |
( |
Interest received |
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- |
At end of period |
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Biowatt Site Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Terms of loans to related parties
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
2 Old Bath Road
Newbury
Berkshire
England
RG14 1QL