NEGAWATTSOURCE LIMITED

Company Registration Number:
09129695 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

NEGAWATTSOURCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NEGAWATTSOURCE LIMITED

Company Information

for the Period Ended 31 July 2024




Director: F Braz
Registered office: 56
Thorley Hill
Bishop's Stortford
Hertfordshire
CM23 3NA
Company Registration Number: 09129695 (England and Wales)

NEGAWATTSOURCE LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

Management of Investments and advice to businesses

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
F Braz

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: F Braz
Status: Director

NEGAWATTSOURCE LIMITED

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Turnover 48,580 57,254
Cost of sales ( 25,295 ) ( 31,918 )
Gross Profit or (Loss) 23,285 25,336
Administrative Expenses ( 17,416 ) ( 13,467 )
Operating Profit or (Loss) 5,869 11,869
Profit or (Loss) Before Tax 5,869 11,869
Tax on Profit ( 1,115 ) ( 2,255 )
Profit or (Loss) for Period 4,754 9,614

The notes form part of these financial statements

NEGAWATTSOURCE LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 496,275 496,275
Total fixed assets: 496,275 496,275
Current assets
Cash at bank and in hand: 299 1,253
Total current assets: 299 1,253
Net current assets (liabilities): 299 1,253
Total assets less current liabilities: 496,574 497,528
Creditors: amounts falling due after more than one year: 5 ( 314,712 ) ( 319,280 )
Provision for liabilities: ( 1,115 ) ( 2,255 )
Total net assets (liabilities): 180,747 175,993

The notes form part of these financial statements

NEGAWATTSOURCE LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 150,000 150,000
Profit and loss account: 30,747 25,993
Shareholders funds: 180,747 175,993

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: F Braz
Status: Director

The notes form part of these financial statements

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Intangible assets

Other Total
Cost £ £
At 01 August 2023 496,275 496,275
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2024 496,275 496,275
Amortisation
Amortisation at 01 August 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 July 2024 - -
Net book value
Net book value at 31 July 2024 496,275 496,275
Net book value at 31 July 2023 496,275 496,275

NEGAWATTSOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 314,712 319,280
Total 314,712 319,280