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Registration number: 14708158

The Alternative Energy Centre Ltd

Annual Report and Unaudited Financial Statements

for the Period from 6 March 2023 to 31 August 2024

 

The Alternative Energy Centre Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 9

 

The Alternative Energy Centre Ltd

Company Information

Directors

Mr Ross Jones

Mr Alyn Gary Morgan

Registered office

4 High Street
Pontardawe
Swansea
West Glamorgan
SA8 4HU

Accountants

Fergusons and Peters
4 High Street
Pontardawe
Swansea
West Glamorgan
SA8 4HU

 

The Alternative Energy Centre Ltd

Directors' Report for the Period from 6 March 2023 to 31 August 2024

The directors present their report and the financial statements for the period from 6 March 2023 to 31 August 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr Ross Jones

Mr Alyn Gary Morgan

Principal activity

The principal activity of the company is Electrical Installations

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 December 2024 and signed on its behalf by:
 

.........................................
Mr Ross Jones
Director

.........................................
Mr Alyn Gary Morgan
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Alternative Energy Centre Ltd
for the Period Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Alternative Energy Centre Ltd for the period ended 31 August 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Alternative Energy Centre Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Alternative Energy Centre Ltd and state those matters that we have agreed to state to the Board of Directors of The Alternative Energy Centre Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Alternative Energy Centre Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Alternative Energy Centre Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Alternative Energy Centre Ltd. You consider that The Alternative Energy Centre Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of The Alternative Energy Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Fergusons and Peters
4 High Street
Pontardawe
Swansea
West Glamorgan
SA8 4HU

4 December 2024

 

The Alternative Energy Centre Ltd

Profit and Loss Account for the Period from 6 March 2023 to 31 August 2024

Note

2024
£

Turnover

 

1,461,871

Cost of sales

 

(92,361)

Gross profit

 

1,369,510

Administrative expenses

 

(251,863)

Operating profit

 

1,117,647

Interest payable and similar expenses

 

(521)

Profit before tax

1,117,126

Tax on profit

 

(276,213)

Profit for the financial period

 

840,913

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

The Alternative Energy Centre Ltd

(Registration number: 14708158)
Balance Sheet as at 31 August 2024

Note

2024
£

Current assets

 

Debtors

4

65,519

Cash at bank and in hand

 

1,448,692

 

1,514,211

Creditors: Amounts falling due within one year

5

(703,296)

Net assets

 

810,915

Capital and reserves

 

Called up share capital

6

2

Retained earnings

810,913

Shareholders' funds

 

810,915

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 December 2024 and signed on its behalf by:
 

.........................................
Mr Ross Jones
Director

.........................................
Mr Alyn Gary Morgan
Director

 

The Alternative Energy Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 6 March 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Ebgland & Wales.

The address of its registered office is:
4 High Street
Pontardawe
Swansea
West Glamorgan
SA8 4HU

These financial statements were authorised for issue by the Board on 4 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

The Alternative Energy Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 6 March 2023 to 31 August 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

 

The Alternative Energy Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 6 March 2023 to 31 August 2024

Current

2024
£

Other debtors

65,519

 

65,519

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

412,084

Taxation and social security

276,213

Other creditors

14,999

703,296

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Share of £1 each

2

2

   

7

Dividends

2024

£

Final dividend of £15,000.00 per ordinary share

30,000

 

8

Related party transactions

 

The Alternative Energy Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 6 March 2023 to 31 August 2024

Transactions with directors

2024

At 6 March 2023
£

Other payments made to company by director
£

At 31 August 2024
£

Mr Ross Jones

Directors Loan interest free

-

(14,999)

(14,999)

Mr Alyn Gary Morgan

Directors Loan interest free

-

1

1