IRIS Accounts Production v24.3.2.46 10034606 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100346062023-03-31100346062024-03-31100346062023-04-012024-03-31100346062022-03-31100346062022-04-012023-03-31100346062023-03-3110034606ns15:EnglandWales2023-04-012024-03-3110034606ns14:PoundSterling2023-04-012024-03-3110034606ns10:Director12023-04-012024-03-3110034606ns10:Director22023-04-012024-03-3110034606ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110034606ns10:SmallEntities2023-04-012024-03-3110034606ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110034606ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110034606ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110034606ns10:FullAccounts2023-04-012024-03-3110034606ns5:CurrentFinancialInstruments2024-03-3110034606ns5:CurrentFinancialInstruments2023-03-3110034606ns5:Non-currentFinancialInstruments2024-03-3110034606ns5:Non-currentFinancialInstruments2023-03-3110034606ns5:ShareCapital2024-03-3110034606ns5:ShareCapital2023-03-3110034606ns5:CapitalRedemptionReserve2024-03-3110034606ns5:CapitalRedemptionReserve2023-03-3110034606ns5:RetainedEarningsAccumulatedLosses2024-03-3110034606ns5:RetainedEarningsAccumulatedLosses2023-03-3110034606ns10:RegisteredOffice2023-04-012024-03-3110034606ns5:PlantMachinery2023-03-3110034606ns5:PlantMachinery2023-04-012024-03-3110034606ns5:PlantMachinery2024-03-3110034606ns5:PlantMachinery2023-03-3110034606ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3110034606ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3110034606ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110034606ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31100346061ns10:Director12023-03-31100346061ns10:Director12022-03-31100346061ns10:Director12023-04-012024-03-31100346061ns10:Director12022-04-012023-03-31100346061ns10:Director12024-03-31100346061ns10:Director12023-03-3110034606ns10:Director222023-03-3110034606ns10:Director222022-03-3110034606ns10:Director222023-04-012024-03-3110034606ns10:Director222022-04-012023-03-3110034606ns10:Director222024-03-3110034606ns10:Director222023-03-3110034606ns10:Director32023-04-012024-03-31100346063ns10:Director32023-03-31100346063ns10:Director32022-03-31100346063ns10:Director32023-04-012024-03-31100346063ns10:Director32022-04-012023-03-31100346063ns10:Director32024-03-31100346063ns10:Director32023-03-31
REGISTERED NUMBER: 10034606 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SURE ENERGY SOLUTIONS LTD

SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 541,745 424,879

CURRENT ASSETS
Stocks 366,734 369,179
Debtors 5 4,561,409 2,328,599
Cash at bank and in hand 2,653,279 2,919,636
7,581,422 5,617,414
CREDITORS
Amounts falling due within one year 6 3,104,439 2,363,169
NET CURRENT ASSETS 4,476,983 3,254,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,018,728

3,679,124

CREDITORS
Amounts falling due after more than one
year

7

(36,563

)

-

PROVISIONS FOR LIABILITIES (104,645 ) (97,252 )
NET ASSETS 4,877,520 3,581,872

CAPITAL AND RESERVES
Called up share capital 9 163 102
Capital redemption reserve 2 -
Retained earnings 4,877,355 3,581,770
SHAREHOLDERS' FUNDS 4,877,520 3,581,872

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

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

SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)

BALANCE SHEET - continued
31 MARCH 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 31 January 2025 and were signed on its behalf by:




G Shaw - Director



C G Shaw - Director


SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)

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

1. STATUTORY INFORMATION

Sure Energy Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10034606

Registered office: 11 Ark Royal Way
Lairdside Technology Park
Birkenhead
CH41 9HT

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.

The financial statements are presented in pound sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover represents net invoiced sales of goods and the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes discounts, rebates, value added tax and other sales taxes.

Unbilled turnover on individual contracts is included as accrued income within debtors.

Tangible assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Leasehold improvements- over the length of the lease
Plant and machinery- 10% on cost
Motor vehicles- 25% on cost
Office equipment- 10% on cost

Government grants
Government grants are recognised when there is reasonable assurance that the grant conditions will be met and the grant will be received. These grants are recognised within other operating income on a systematic basis over the periods in which the related costs towards which they are intended to compensate are recognised as expenses.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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.


SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to profit or loss.

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.

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

The average number of employees during the year was 44 (2023 - 36 ) .

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 601,905
Additions 291,622
At 31 March 2024 893,527
DEPRECIATION
At 1 April 2023 177,026
Charge for year 174,756
At 31 March 2024 351,782
NET BOOK VALUE
At 31 March 2024 541,745
At 31 March 2023 424,879

SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)

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

4. TANGIBLE ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 47,917
At 31 March 2024 47,917
DEPRECIATION
Charge for year 998
At 31 March 2024 998
NET BOOK VALUE
At 31 March 2024 46,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,682,794 1,478,071
Other debtors 1,878,615 850,528
4,561,409 2,328,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,187 -
Trade creditors 1,120,586 713,355
Taxation and social security 846,461 374,889
Other creditors 1,125,205 1,274,925
3,104,439 2,363,169

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,563 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 48,750 -

SURE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 10034606)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal 2024 2023
Number: Class: value: £ £


Nil (2023: 100) Ordinary £1 - 100
Nil (2023: 1) Ordinary B £1 - 1
Nil (2023: 1) Ordinary C £1 - 1
10,000 (2023: Nil) Ordinary A 1p 100 -
2,127 (2023: Nil) Ordinary B1 1p 21 -
2,127 (2023: Nil) Ordinary B2 1p 21 -
2,127 (2023: Nil) Ordinary B3 1p 21 -
163 102

10. OTHER FINANCIAL COMMITMENTS

At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £24,376 (2023 - £73,860).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
G Shaw
Balance outstanding at start of year 183,646 393,949
Amounts advanced 22,636 209,697
Amounts repaid - (420,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 206,282 183,646

C G Shaw
Balance outstanding at start of year - 8,119
Amounts advanced 4,327 2,708
Amounts repaid - (10,827 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,327 -

A L Shaw
Balance outstanding at start of year - 10,358
Amounts advanced 3,020 1,617
Amounts repaid - (11,975 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,020 -

The above loans are unsecured and repayable on demand. Interest of £4,197 (2023 - £5,988) was charged at HM Revenue and Customs' official rate of interest on the loans by the company.

12. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Sure Sol Holdings Limited.

The company is not a member of a group for which consolidated financial statements are prepared.