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REGISTERED NUMBER: 09548013 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

RELIANCE ENERGY LIMITED

RELIANCE ENERGY LIMITED (REGISTERED NUMBER: 09548013)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RELIANCE ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N Drake
R A Bankovskis





REGISTERED OFFICE: International House
12 Constance Street
London
E16 2DQ





REGISTERED NUMBER: 09548013 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

RELIANCE ENERGY LIMITED (REGISTERED NUMBER: 09548013)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,290 4,113
Investments 5 36,004 36,000
39,294 40,113

CURRENT ASSETS
Stocks 654,864 389,841
Debtors 6 519,769 1,169,735
Cash at bank 341,767 238,836
1,516,400 1,798,412
CREDITORS
Amounts falling due within one year 7 137,403 25,174
NET CURRENT ASSETS 1,378,997 1,773,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,291

1,813,351

CAPITAL AND RESERVES
Called up share capital 50,040 50,040
Share premium 4,553,003 4,553,003
Retained earnings (3,184,752 ) (2,789,692 )
SHAREHOLDERS' FUNDS 1,418,291 1,813,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RELIANCE ENERGY LIMITED (REGISTERED NUMBER: 09548013)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





N Drake - Director


RELIANCE ENERGY LIMITED (REGISTERED NUMBER: 09548013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Reliance Energy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors confirmed that in their opinion the company will have adequate cash resources available to finance its trading and meet its obligations during the course of the next twelve months, consequently the accounts have been prepared on a going concern basis.

Turnover and long term contracts
Turnover represents net invoiced sales of services, excluding value added tax.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the 'percentage of completion method' to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised for the entire loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

RELIANCE ENERGY LIMITED (REGISTERED NUMBER: 09548013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 8,221
DEPRECIATION
At 1 May 2023 4,108
Charge for year 823
At 30 April 2024 4,931
NET BOOK VALUE
At 30 April 2024 3,290
At 30 April 2023 4,113

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2023 - 36,000 36,000
Additions 4 - 4
At 30 April 2024 4 36,000 36,004
NET BOOK VALUE
At 30 April 2024 4 36,000 36,004
At 30 April 2023 - 36,000 36,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 462,057 95,040
Amounts recoverable on contract - 750,000
Other debtors 13,700 3,608
Tax 35,000 35,000
VAT - 5,316
Called up share capital not paid 10 10
Prepayments 9,002 280,761
519,769 1,169,735

RELIANCE ENERGY LIMITED (REGISTERED NUMBER: 09548013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,140 14,858
Amounts owed to group undertakings 4 -
VAT 9,821 -
Other creditors 5,554 4,416
Accrued expenses 116,884 5,900
137,403 25,174

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.