BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the supply of feedstock to an anaerobic digestion plant. The company commenced operations on 1 December 2016. 26 September 2024 NI609969 2023-12-31 NI609969 2022-12-31 NI609969 2021-12-31 NI609969 2023-01-01 2023-12-31 NI609969 2022-01-01 2022-12-31 NI609969 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI609969 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI609969 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI609969 uk-bus:FullAccounts 2023-01-01 2023-12-31 NI609969 uk-bus:Director1 2023-01-01 2023-12-31 NI609969 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 NI609969 uk-bus:Agent1 2023-01-01 2023-12-31 NI609969 uk-core:ShareCapital 2023-12-31 NI609969 uk-core:ShareCapital 2022-12-31 NI609969 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI609969 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI609969 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI609969 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI609969 uk-bus:FRS102 2023-01-01 2023-12-31 NI609969 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI609969 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI609969 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI609969 uk-core:CurrentFinancialInstruments 2023-12-31 NI609969 uk-core:CurrentFinancialInstruments 2022-12-31 NI609969 uk-core:WithinOneYear 2023-12-31 NI609969 uk-core:WithinOneYear 2022-12-31 NI609969 uk-core:WithinOneYear 2023-12-31 NI609969 uk-core:WithinOneYear 2022-12-31 NI609969 uk-core:WithinOneYear 2023-12-31 NI609969 uk-core:WithinOneYear 2022-12-31 NI609969 uk-core:AfterOneYear 2023-12-31 NI609969 uk-core:AfterOneYear 2022-12-31 NI609969 uk-core:AfterOneYear 2023-12-31 NI609969 uk-core:AfterOneYear 2022-12-31 NI609969 uk-core:BetweenOneTwoYears 2023-12-31 NI609969 uk-core:BetweenOneTwoYears 2022-12-31 NI609969 uk-core:BetweenOneFiveYears 2023-12-31 NI609969 uk-core:BetweenOneFiveYears 2022-12-31 NI609969 uk-core:MoreThanFiveYears 2023-12-31 NI609969 uk-core:MoreThanFiveYears 2022-12-31 NI609969 uk-core:EmployeeBenefits 2022-12-31 NI609969 uk-core:EmployeeBenefits 2023-01-01 2023-12-31 NI609969 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI609969 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-12-31 NI609969 uk-core:OtherDeferredTax 2023-12-31 NI609969 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-12-31 NI609969 uk-core:EmployeeBenefits 2023-12-31 NI609969 2023-01-01 2023-12-31 NI609969 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI609969
 
 
Connex Renewables Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Connex Renewables Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Brian Lockhart
 
 
Company Registration Number NI609969
 
 
Registered Office and Business Address 21 Searce Lane
Newry
Co. Armagh
BT35 6LY
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Danske Bank
  PO Box 183
  Donegall Square West
  Belfast
  Co. Antrim
  BT1 6JS
  United Kingdom



Connex Renewables Ltd
Company Registration Number: NI609969
BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 258,768 254,631
───────── ─────────
 
Current Assets
Debtors 5 42,783 47,230
Cash and cash equivalents 9,281 4,953
───────── ─────────
52,064 52,183
───────── ─────────
Creditors: amounts falling due within one year 6 (190,639) (165,624)
───────── ─────────
Net Current Liabilities (138,575) (113,441)
───────── ─────────
Total Assets less Current Liabilities 120,193 141,190
 
Creditors:
amounts falling due after more than one year 7 (44,219) (51,255)
 
Provisions for liabilities 9 (48,983) (34,096)
───────── ─────────
Net Assets 26,991 55,839
═════════ ═════════
 
Capital and Reserves
Called up share capital 104 104
Retained earnings 26,887 55,735
───────── ─────────
Equity attributable to owners of the company 26,991 55,839
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 September 2024
           
           
           
________________________________          
Brian Lockhart          
Director          
           



Connex Renewables Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Connex Renewables Ltd is a company limited by shares incorporated in Northern Ireland. Situated at 21 Searce Lane, Newry, Co. Armagh, BT35 6LY, Northern Ireland which is the registered office, and is also the principal place of business of the company. . The principal activity of the company is the supply of feedstock to an anaerobic digestion plant. The company commenced operations on 1 December 2016. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of value added tax.
Turnover is measured at the fair value of the consideration received or receivable for goods and services rendered. The company recognises turnover when the goods and service have been provided in full.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Straight Line
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 3, (2022 - 3).
 
  2023 2022
  Number Number
 
Director 1 1
Employee 2 2
  ───────── ─────────
  3 3
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 January 2023 400,646 2,856 23,975 427,477
Additions 54,350 - - 54,350
  ───────── ───────── ───────── ─────────
At 31 December 2023 454,996 2,856 23,975 481,827
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 170,750 1,654 442 172,846
Charge for the financial year 45,266 240 4,707 50,213
  ───────── ───────── ───────── ─────────
At 31 December 2023 216,016 1,894 5,149 223,059
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 238,980 962 18,826 258,768
  ═════════ ═════════ ═════════ ═════════
At 31 December 2022 229,896 1,202 23,533 254,631
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Trade debtors 2,346 42,364
Amounts owed by connected parties (Note 11) 1,352 1,657
Other debtors 2,000 2,000
Director's current account (Note ) 12 -
Taxation  (Note 8) 323 220
Prepayments and accrued income 36,750 989
  ───────── ─────────
  42,783 47,230
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 10,232 10,232
Net obligations under finance leases
and hire purchase contracts 24,936 27,074
Trade creditors 121,526 101,143
Taxation  (Note 8) 12,678 24,971
Director's current account 19,545 482
Accruals 1,722 1,722
  ───────── ─────────
  190,639 165,624
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 13,189 23,421
Finance leases and hire purchase contracts 31,030 27,834
  ───────── ─────────
  44,219 51,255
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 10,232 10,232
Repayable between one and two years 13,189 23,421
  ───────── ─────────
  23,421 33,653
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 24,936 27,074
Repayable between one and five years 31,030 27,074
Repayable after five years - 760
  ───────── ─────────
  55,966 54,908
  ═════════ ═════════
       
8. Taxation 2023 2022
  £ £
 
Debtors:
PAYE / NI 323 220
  ═════════ ═════════
Creditors:
VAT 6,537 17,594
Corporation tax 6,141 7,377
  ───────── ─────────
  12,678 24,971
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 34,096 34,096 34,096
Charged to profit and loss 14,887 14,887 -
  ───────── ───────── ─────────
At financial year end 48,983 48,983 34,096
  ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
           
11. Related party transactions
  Balance Movement Balance Maximum
  2023 in year 2022 in year
  £ £ £ £
 
Lock-hart Environmental Limited 1,352 (305) 1,657 -
  ═════════ ═════════ ═════════ ═════════
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.