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REGISTERED NUMBER: 05823782 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ENERGY ACCESS (SOUTHWEST) LIMITED

ENERGY ACCESS (SOUTHWEST) LIMITED (REGISTERED NUMBER: 05823782)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERGY ACCESS (SOUTHWEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S R Thomas
Mrs A L Thomas





SECRETARY: S R Thomas





REGISTERED OFFICE: 5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 05823782 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

ENERGY ACCESS (SOUTHWEST) LIMITED (REGISTERED NUMBER: 05823782)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,357 37,377

CURRENT ASSETS
Debtors 5 69,050 51,923
Cash at bank 79,241 75,810
148,291 127,733
CREDITORS
Amounts falling due within one year 6 78,529 59,147
NET CURRENT ASSETS 69,762 68,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,119

105,963

CREDITORS
Amounts falling due after more than one
year

7

(27,433

)

(42,150

)

PROVISIONS FOR LIABILITIES (7,840 ) (4,728 )
NET ASSETS 65,846 59,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,746 58,985
SHAREHOLDERS' FUNDS 65,846 59,085

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 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.

ENERGY ACCESS (SOUTHWEST) LIMITED (REGISTERED NUMBER: 05823782)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:




S R Thomas - Director



Mrs A L Thomas - Director


ENERGY ACCESS (SOUTHWEST) LIMITED (REGISTERED NUMBER: 05823782)

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

1. STATUTORY INFORMATION

Energy Access (Southwest) Limited 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

ENERGY ACCESS (SOUTHWEST) LIMITED (REGISTERED NUMBER: 05823782)

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

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 32,107 54,675 18,072 104,854
DEPRECIATION
At 1 July 2023 32,107 21,427 13,943 67,477
Charge for year - 4,988 1,032 6,020
At 30 June 2024 32,107 26,415 14,975 73,497
NET BOOK VALUE
At 30 June 2024 - 28,260 3,097 31,357
At 30 June 2023 - 33,248 4,129 37,377

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 24,995
DEPRECIATION
At 1 July 2023 3,749
Charge for year 3,187
At 30 June 2024 6,936
NET BOOK VALUE
At 30 June 2024 18,059
At 30 June 2023 21,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 30,436 20,571
Other debtors 34,077 31,352
Directors' current accounts 4,537 -
69,050 51,923

ENERGY ACCESS (SOUTHWEST) LIMITED (REGISTERED NUMBER: 05823782)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 16,855 22,012
Hire purchase contracts 3,742 3,315
Accrued expenses 1,426 1,579
Other creditors 139 188
Tax 34,651 16,361
Social security and other taxes 21,716 13,486
Directors' current accounts - 2,206
78,529 59,147

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loan 9,025 -
Bounce back loan 10,833 30,833
Hire purchase contracts 7,575 11,317
27,433 42,150

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
S R Thomas and Mrs A L Thomas
Balance outstanding at start of year (2,206 ) (432 )
Amounts advanced 17,755 17,226
Amounts repaid (11,012 ) (19,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,537 (2,206 )

The overdrawn directors' current account has been repaid within 9 months of the year end.

9. RELATED PARTY DISCLOSURES

In the previous year a loan was made to Beige Donuts Ltd, a company under the control of one of the Directors. As at 30th June 2024 the balance owing was £30,000 (2023: £30,000). There is no interest being accrued on the balance and the loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Thomas.