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REGISTERED NUMBER: 07947257 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Sustainable Electrical Supply Limited

Sustainable Electrical Supply Limited (Registered number: 07947257)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sustainable Electrical Supply Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr P Bowley





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 5 Wadham Close
Southrop
Lechlade
Gloucestershire
GL7 3NR





REGISTERED NUMBER: 07947257 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Sustainable Electrical Supply Limited (Registered number: 07947257)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,908 8,307

CURRENT ASSETS
Debtors 5 393 454
Cash at bank 12,090 12,809
12,483 13,263
CREDITORS
Amounts falling due within one year 6 2,828 1,693
NET CURRENT ASSETS 9,655 11,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,563

19,877

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 15,561 19,875
SHAREHOLDERS' FUNDS 15,563 19,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 19 November 2024 and were signed by:





Mr P Bowley - Director


Sustainable Electrical Supply Limited (Registered number: 07947257)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sustainable Electrical Supply Limited 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Sustainable Electrical Supply Limited (Registered number: 07947257)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 11,961 3,570 7,176 22,707
DEPRECIATION
At 1 March 2023 6,346 1,324 6,730 14,400
Charge for year 1,403 562 434 2,399
At 29 February 2024 7,749 1,886 7,164 16,799
NET BOOK VALUE
At 29 February 2024 4,212 1,684 12 5,908
At 28 February 2023 5,615 2,246 446 8,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments 393 454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Corporation tax 1,401 62
Directors' current accounts 527 731
Accrued expenses 900 900
2,828 1,693

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 March 2023 19,875
Profit for the year 3,686
Dividends (8,000 )
At 29 February 2024 15,561

Sustainable Electrical Supply Limited (Registered number: 07947257)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RELATED PARTY DISCLOSURES

During the year the director, Mr P Bowley, made net withdrawals from his account of £204. The balance on his account at 29 February 2024 was £527 in credit (2023 - £731).

During the year Mr P Bowley received dividends from the company of £4,000 (2023 - £4,000).

10. ULTIMATE CONTROLLING PARTY

Mr P Bowley and Mrs D Bowley, being husband and wife, together form the ultimate controlling party by virtue of their holding all of the company's issued share capital.