Burnley Renewable Energy Limited 06647280 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is is that of commercial property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 06647280 2023-08-01 2024-07-31 06647280 2024-07-31 06647280 core:CurrentFinancialInstruments 2024-07-31 06647280 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06647280 bus:SmallEntities 2023-08-01 2024-07-31 06647280 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06647280 bus:FilletedAccounts 2023-08-01 2024-07-31 06647280 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06647280 bus:RegisteredOffice 2023-08-01 2024-07-31 06647280 bus:Director1 2023-08-01 2024-07-31 06647280 bus:CompanyLimitedByGuarantee 2023-08-01 2024-07-31 06647280 countries:England 2023-08-01 2024-07-31 06647280 2022-08-01 2023-07-31 06647280 2023-07-31 06647280 core:CurrentFinancialInstruments 2023-07-31 06647280 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 06647280

Burnley Renewable Energy Limited

(A company limited by guarantee)

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2024

 

Burnley Renewable Energy Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Burnley Renewable Energy Limited

(Registration number: 06647280)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

2,062

4,831

Cash at bank and in hand

 

20,412

21,754

 

22,474

26,585

Prepayments and accrued income

 

2,147

2,143

Creditors: Amounts falling due within one year

(22,749)

(21,681)

Total assets less current liabilities

 

1,872

7,047

Accruals and deferred income

 

(2,683)

(4,210)

Net (liabilities)/assets

 

(811)

2,837

Reserves

 

Retained earnings

(811)

2,837

(Deficit)/surplus

 

(811)

2,837

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

Director's responsibilities:

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

The director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 February 2025
 

.........................................
G Ennis
Director

 

Burnley Renewable Energy Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £100 towards the assets of the company in the event of liquidation.

The address of its registered office is:
3-4 Clock Tower Mill
Neptune Street
Burnley
Lancashire
BB11 1SF

These financial statements were authorised for issue by the director on 12 February 2025.

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 abridged 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 abridged 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 rental of property 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.

Tax

The current 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.

 

Burnley Renewable Energy Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).