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REGISTERED NUMBER: 08886542 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE ENERGY TEAM (NW) LTD

THE ENERGY TEAM (NW) LTD (REGISTERED NUMBER: 08886542)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ENERGY TEAM (NW) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







Director: Mr C Ward





Registered office: Hamill House
112-116 Chorley New Road
Bolton
Lancashire
BL1 4DH





Registered number: 08886542 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

THE ENERGY TEAM (NW) LTD (REGISTERED NUMBER: 08886542)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,689 2,111

CURRENT ASSETS
Debtors 5 34,097 148,696
Cash at bank 45,057 50,222
79,154 198,918
CREDITORS
Amounts falling due within one year 6 48,133 68,192
NET CURRENT ASSETS 31,021 130,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,710

132,837

CREDITORS
Amounts falling due after more than one year 7 - (19,167 )

PROVISIONS FOR LIABILITIES 8 (422 ) (568 )
NET ASSETS 32,288 113,102

CAPITAL AND RESERVES
Called up share capital 9 10 100
Capital redemption reserve 90 -
Retained earnings 32,188 113,002
SHAREHOLDERS' FUNDS 32,288 113,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 November 2024 and were signed by:



Mr C Ward - Director


THE ENERGY TEAM (NW) LTD (REGISTERED NUMBER: 08886542)

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

1. STATUTORY INFORMATION

The Energy Team (NW) Ltd 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.
Computer equipment - 20% on reducing balance

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.

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 1 (2023 - 1 ) .

THE ENERGY TEAM (NW) LTD (REGISTERED NUMBER: 08886542)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 3,675
DEPRECIATION
At 1 July 2023 1,564
Charge for year 422
At 30 June 2024 1,986
NET BOOK VALUE
At 30 June 2024 1,689
At 30 June 2023 2,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 33,445 62,473
Amounts owed by associates - 85,000
Other debtors 652 1,223
34,097 148,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 134 10,032
Amounts owed to associates - 10,030
Taxation and social security 47,999 37,880
Other creditors - 250
48,133 68,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 19,167

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 422 568

Deferred
tax
£   
Balance at 1 July 2023 568
Credit to Income Statement during year (146 )
Balance at 30 June 2024 422

THE ENERGY TEAM (NW) LTD (REGISTERED NUMBER: 08886542)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
10 Ordinary 1 10 100

During the year, the company purchased 90 of its own shares for an amount of £175,000. The reduction in share capital has been reflected in the capital redemption reserve.