Registered number
09320731
Africa Growth And Energy Solutions UK Ltd
Unaudited Filleted Accounts
30 November 2023
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
Tel: +44 (0) 208 761 2213 Fax: +44 (0) 208 670 9148
web: www.cgca.co.uk
Africa Growth And Energy Solutions UK Ltd
Registered number: 09320731
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 20,880 20,880
Current assets
Debtors 4 830,039 820,590
Cash at bank and in hand 3,778 5,040
833,817 825,630
Creditors: amounts falling due within one year 5 (827,887) (818,020)
Net current assets 5,930 7,610
Total assets less current liabilities 26,810 28,490
Creditors: amounts falling due after more than one year 6 (28,115) (30,377)
Net liabilities (1,305) (1,887)
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (51,305) (51,887)
Shareholders' funds (1,305) (1,887)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Royston McDermott Dawkins
Director
Approved by the board on 20 November 2024
Africa Growth And Energy Solutions UK Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Investments
Other
investments
£
Cost
At 1 December 2022 20,880
At 30 November 2023 20,880
Company Shares held Country Equity
Class %
Solar Era Holdings SL Limited Ordinary Sierra Leone 100
AGES Agriculture Ltd Ordinary United Kingdom 100
AGES Cameroon Ltd Ordinary United Kingdom 70
Solar Era Nigeria Ltd Ordinary United Kingdom 100
Kwara Energy Project Ltd Ordinary Nigeria 97
4 Debtors 2023 2022
£ £
Other debtors 830,039 820,590
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,132 1,240
Trade creditors 162,114 162,752
Other creditors 662,641 654,028
827,887 818,020
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,115 30,377
Company availed short term loan under Bounce Back Loan Scheme from Lloyds Bank for GBP 35,000 at fixed rate of 2.5% and repayable by May 2030.
7 Related party transactions
In accordance with the exemption available in Section 33 of FRS 102; the company has not disclosed transactions with its 100% parent company and fellow subsidiary companies within the Africa Growth And Energy Solutions UK Ltd group.

The company has availed of an exemption available in Section 1.12 of FRS 102 from the requirement to disclose details of the remuneration of 'Key Management Personnel'.
8 Controlling party
There is no single controlling party.
9 Other information
Africa Growth And Energy Solutions UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
Crystal Palace
London
SE19 1TX
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