2 5 March 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 12,543,717 185,544 12,729,261 418,124 501,749 919,873 11,809,388 12,125,593 xbrli:pure xbrli:shares iso4217:GBP 09065561 2023-05-01 2024-04-30 09065561 2024-04-30 09065561 2023-04-30 09065561 2022-05-01 2023-04-30 09065561 2023-04-30 09065561 2022-04-30 09065561 core:PlantMachinery 2023-05-01 2024-04-30 09065561 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 09065561 bus:Director10 2023-05-01 2024-04-30 09065561 core:PlantMachinery 2023-04-30 09065561 core:PlantMachinery 2024-04-30 09065561 core:WithinOneYear 2024-04-30 09065561 core:WithinOneYear 2023-04-30 09065561 core:ShareCapital 2024-04-30 09065561 core:ShareCapital 2023-04-30 09065561 core:RetainedEarningsAccumulatedLosses 2024-04-30 09065561 core:RetainedEarningsAccumulatedLosses 2023-04-30 09065561 core:BetweenOneFiveYears 2024-04-30 09065561 core:BetweenOneFiveYears 2023-04-30 09065561 core:MoreThanFiveYears 2024-04-30 09065561 core:MoreThanFiveYears 2023-04-30 09065561 core:PlantMachinery 2023-04-30 09065561 bus:SmallEntities 2023-05-01 2024-04-30 09065561 bus:Audited 2023-05-01 2024-04-30 09065561 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09065561 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09065561 bus:FullAccounts 2023-05-01 2024-04-30 09065561 bus:OrdinaryShareClass1 2024-04-30 09065561 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 09065561
WSE ARBORFIELD LIMITED
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2024
WSE ARBORFIELD LIMITED
BALANCE SHEET
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
11,809,388
12,125,593
Current assets
Debtors
6
489,714
344,147
Cash at bank and in hand
63,690
1,418,698
--------
-----------
553,404
1,762,845
Creditors: amounts falling due within one year
7
( 10,608,592)
( 13,448,816)
------------
------------
Net current liabilities
( 10,055,188)
( 11,685,971)
------------
------------
Total assets less current liabilities
1,754,200
439,622
Provisions
Taxation including deferred tax
( 284,649)
( 111,389)
Other provisions
( 185,543)
--------
--------
(470,192)
(111,389)
-----------
--------
Net assets
1,284,008
328,233
-----------
--------
Capital and reserves
Called up share capital
8
250
250
Profit and loss account
1,283,758
327,983
-----------
--------
Shareholders funds
1,284,008
328,233
-----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 5 March 2025 , and are signed on behalf of the board by:
A Mozas Fenoll
Director
Company registration number: 09065561
WSE ARBORFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Bucks, HP18 0RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue recognition
Turnover comprises the value of electricity generated of which the value of sales are fixed by contracts with the purchaser setting out the price which will be paid for each unit of electricity generated. Revenue from sales of electricity are recognised in the period in which the output is delivered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
4% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Basic financial assets, which include trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 May 2023
12,543,717
Additions
185,544
------------
At 30 April 2024
12,729,261
------------
Depreciation
At 1 May 2023
418,124
Charge for the year
501,749
------------
At 30 April 2024
919,873
------------
Carrying amount
At 30 April 2024
11,809,388
------------
At 30 April 2023
12,125,593
------------
6. Debtors
2024
2023
£
£
Trade debtors
489,714
130,509
Other debtors
213,638
--------
--------
489,714
344,147
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
67,815
1,476,619
Amounts owed to other related entities
10,319,272
11,964,797
Corporation tax
143,698
Social security and other taxes
70,083
Other creditors
7,724
7,400
------------
------------
10,608,592
13,448,816
------------
------------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 0.05 each
5,000
250
5,000
250
------
----
------
----
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
33,667
33,667
Later than 1 year and not later than 5 years
134,668
134,668
Later than 5 years
1,099,792
1,133,459
-----------
-----------
1,268,127
1,301,794
-----------
-----------
10. Summary audit opinion
The auditor's report dated 5 March 2025 was unqualified .
The senior statutory auditor was W J E Kerr , for and on behalf of Xeinadin Audit Limited .