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REGISTERED NUMBER: 05506075 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024

FOR

SAVE ENERGY U.K. LTD

SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAVE ENERGY U.K. LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: S Randall
Mrs C T Randall





SECRETARY: BH21 Ltd





REGISTERED OFFICE: Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH





REGISTERED NUMBER: 05506075 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH

SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,200 1,800
Tangible assets 5 20,766 15,972
Investments 6 3,556 3,556
25,522 21,328

CURRENT ASSETS
Stocks 247,301 186,289
Debtors 7 66,819 123,261
Prepayments and accrued income 4,505 5,477
Cash at bank 131,551 140,523
450,176 455,550
CREDITORS
Amounts falling due within one year 8 165,595 254,943
NET CURRENT ASSETS 284,581 200,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,103

221,935

CREDITORS
Amounts falling due after more than one
year

9

756

756
NET ASSETS 309,347 221,179

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 309,344 221,176
SHAREHOLDERS' FUNDS 309,347 221,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





S Randall - Director


SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Save Energy U.k. 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.

Goodwill
No amortisation has been provided as in the view of the directors there has been no diminution in value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 6,000
AMORTISATION
At 1 August 2023 4,200
Charge for year 600
At 31 July 2024 4,800
NET BOOK VALUE
At 31 July 2024 1,200
At 31 July 2023 1,800

SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 3,159 9,600 13,976 26,735
Additions 839 13,990 1,301 16,130
Disposals - (9,600 ) - (9,600 )
At 31 July 2024 3,998 13,990 15,277 33,265
DEPRECIATION
At 1 August 2023 1,242 3,456 6,065 10,763
Charge for year 551 2,798 1,843 5,192
Eliminated on disposal - (3,456 ) - (3,456 )
At 31 July 2024 1,793 2,798 7,908 12,499
NET BOOK VALUE
At 31 July 2024 2,205 11,192 7,369 20,766
At 31 July 2023 1,917 6,144 7,911 15,972

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 3,556
NET BOOK VALUE
At 31 July 2024 3,556
At 31 July 2023 3,556

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,499 7,929
Other debtors - 4,900
Rent Deposit 5,000 5,000
VAT 53,320 105,432
66,819 123,261

SAVE ENERGY U.K. LTD (REGISTERED NUMBER: 05506075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,295 11,304
Trade creditors 52,604 126,751
Tax 48,111 56,736
Social security and other taxes 1,030 1,167
Pension control 408 399
Credit cards 15,648 -
Directors' current accounts 5 191
Accruals and deferred income 40,494 58,395
165,595 254,943

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 756 756

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Randall.

The ultimate controlling party is S Randall.