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Company Registration No. 08146223 (England and Wales)
Onsen Energy Group Limited Unaudited accounts for the year ended 30 June 2024
Onsen Energy Group Limited Unaudited accounts Contents
Page
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Onsen Energy Group Limited Company Information for the year ended 30 June 2024
Directors
BERRY, Gareth James IRISH, Ian Alexander Robert
Secretary
BERRY, Gareth
Company Number
08146223 (England and Wales)
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
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Onsen Energy Group Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,884 
34,167 
Current assets
Inventories
8,214 
7,395 
Debtors
468,643 
474,256 
Cash at bank and in hand
97,092 
87,983 
573,949 
569,634 
Creditors: amounts falling due within one year
(44,231)
(22,446)
Net current assets
529,718 
547,188 
Total assets less current liabilities
555,602 
581,355 
Creditors: amounts falling due after more than one year
(307,719)
(323,082)
Net assets
247,883 
258,273 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
247,783 
258,173 
Shareholders' funds
247,883 
258,273 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
BERRY, Gareth James Director Company Registration No. 08146223
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Onsen Energy Group Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Onsen Energy Group Limited is a private company, limited by shares, registered in England and Wales, registration number 08146223.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Onsen Energy Group Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
5,829 
56,588 
62,417 
Additions
- 
282 
282 
At 30 June 2024
5,829 
56,870 
62,699 
Depreciation
At 1 July 2023
1,457 
26,793 
28,250 
Charge for the year
1,093 
7,472 
8,565 
At 30 June 2024
2,550 
34,265 
36,815 
Net book value
At 30 June 2024
3,279 
22,605 
25,884 
At 30 June 2023
4,372 
29,795 
34,167 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
15,191 
Accrued income and prepayments
9,578 
- 
9,578 
15,191 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
459,065 
459,065 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,032 
8,006 
Obligations under finance leases and hire purchase contracts
3,277 
3,277 
Trade creditors
25,416 
8,219 
Taxes and social security
4,506 
341 
Accruals
- 
2,603 
44,231 
22,446 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
25,402 
28,679 
Loans from directors
282,317 
294,403 
307,719 
323,082 
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Onsen Energy Group Limited Notes to the Accounts for the year ended 30 June 2024
8
Transactions with related parties
As of 30 June 2024, the balance of the loan made to Onsen Energy Limited stood at £459,065.44 (2023: £459,065.44). This loan remains unchanged from the prior year. The terms and conditions of the loan are consistent with those previously disclosed, and no new transactions or adjustments have been made during the financial year. Dividends Paid to Directors: Dividends were paid to directors amounting to £20,400. These payments relate to their shareholdings in the company and were made on the same terms as those available to all other shareholders. Salaries Paid to Directors: During the tax year 2023/24, salaries paid to directors of the company amounted to £12,570 per director. These payments were made as compensation for their services and are in line with the company's standard remuneration policy.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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