IRIS Accounts Production v24.3.0.553 05899676 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058996762023-08-31058996762024-08-31058996762023-09-012024-08-31058996762022-08-31058996762022-09-012023-08-31058996762023-08-3105899676ns15:EnglandWales2023-09-012024-08-3105899676ns14:PoundSterling2023-09-012024-08-3105899676ns10:Director12023-09-012024-08-3105899676ns10:CompanyLimitedByGuarantee2023-09-012024-08-3105899676ns10:SmallEntities2023-09-012024-08-3105899676ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3105899676ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3105899676ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3105899676ns10:FullAccounts2023-09-012024-08-3105899676ns10:Director22023-09-012024-08-3105899676ns10:RegisteredOffice2023-09-012024-08-3105899676ns5:CurrentFinancialInstruments2024-08-3105899676ns5:CurrentFinancialInstruments2023-08-3105899676ns5:RetainedEarningsAccumulatedLosses2024-08-3105899676ns5:RetainedEarningsAccumulatedLosses2023-08-3105899676ns5:PlantMachinery2023-09-012024-08-3105899676ns5:PlantMachinery2023-08-3105899676ns5:PlantMachinery2024-08-3105899676ns5:PlantMachinery2023-08-3105899676ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3105899676ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 05899676 (England and Wales)















RESOURCE EFFICIENCY WALES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






RESOURCE EFFICIENCY WALES LIMITED (REGISTERED NUMBER: 05899676)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RESOURCE EFFICIENCY WALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mr. J R S Kay
Ms V Bond





REGISTERED OFFICE: 2 Alexandra Gate Ffordd Pengam
Cardiff
CF24 2SA





REGISTERED NUMBER: 05899676 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

RESOURCE EFFICIENCY WALES LIMITED (REGISTERED NUMBER: 05899676)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,659 3,229

CURRENT ASSETS
Debtors 5 8,689 8,000
Cash at bank 69,347 78,049
78,036 86,049
CREDITORS
Amounts falling due within one year 6 64,863 78,454
NET CURRENT ASSETS 13,173 7,595
TOTAL ASSETS LESS CURRENT LIABILITIES 15,832 10,824

RESERVES
Income and expenditure account 15,832 10,824
15,832 10,824

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 surplus or deficit 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 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 2nd December 2024 and were signed on its behalf by:





Mr. J R S Kay - Director


RESOURCE EFFICIENCY WALES LIMITED (REGISTERED NUMBER: 05899676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Resource Efficiency Wales Limited is a private company, limited by guarantee , 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.

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 - 15% straight line on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st September 2023
and 31st August 2024 4,600
DEPRECIATION
At 1st September 2023 1,371
Charge for year 570
At 31st August 2024 1,941
NET BOOK VALUE
At 31st August 2024 2,659
At 31st August 2023 3,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,689 8,000

RESOURCE EFFICIENCY WALES LIMITED (REGISTERED NUMBER: 05899676)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,700 16,969
Taxation and social security - 5,278
Other creditors 53,163 56,207
64,863 78,454

7. LIMITED BY GUARANTEE

Each member of the board has undertaken to guarantee the Company's debts to the sum of £1 each.