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REGISTERED NUMBER: 07357602 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRENT ENERGY LIMITED

TRENT ENERGY LIMITED (REGISTERED NUMBER: 07357602)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TRENT ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Ahmed
Mr K Hayat
Mr A Shaikh





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 07357602 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

TRENT ENERGY LIMITED (REGISTERED NUMBER: 07357602)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 43,311 72,621

CURRENT ASSETS
Debtors 5 243,855 74,843
Cash at bank 190,304 321,293
434,159 396,136
CREDITORS
Amounts falling due within one year 6 374,432 208,605
NET CURRENT ASSETS 59,727 187,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,038

260,152

CREDITORS
Amounts falling due after more than one
year

7

67,289

99,482
NET ASSETS 35,749 160,670

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 35,745 160,666
35,749 160,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 27 March 2025 and were signed on its behalf by:





Mr K Hayat - Director


TRENT ENERGY LIMITED (REGISTERED NUMBER: 07357602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Trent Energy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on reducing balance
Motor vehicle - 25% on reducing balance

The company has adopted the policy of depreciating the assets in the first year and not to depreciate in the year of disposal.

Due to forced eviction from leased premises all plant and machinery have been wriiten off during the year.

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 statement of financial position date.


TRENT ENERGY LIMITED (REGISTERED NUMBER: 07357602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 141,600 79,432 221,032
Additions - 18,353 18,353
Disposals (141,600 ) (13,000 ) (154,600 )
At 31 December 2023 - 84,785 84,785
DEPRECIATION
At 1 January 2023 115,230 33,181 148,411
Charge for year - 14,438 14,438
Eliminated on disposal (115,230 ) (6,145 ) (121,375 )
At 31 December 2023 - 41,474 41,474
NET BOOK VALUE
At 31 December 2023 - 43,311 43,311
At 31 December 2022 26,370 46,251 72,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 74,843
Other debtors 243,855 -
243,855 74,843

TRENT ENERGY LIMITED (REGISTERED NUMBER: 07357602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,783 27,255
Taxation and social security 332,499 -
Other creditors 9,150 181,350
374,432 208,605

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 48,333 68,333
Hire purchase contracts 18,956 31,149
67,289 99,482

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr S Ahmed
Balance outstanding at start of year 36,630 10,130
Amounts advanced 90,073 34,000
Amounts repaid (122,290 ) (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,413 36,630

Mr K Hayat
Balance outstanding at start of year (25,375 ) (18,375 )
Amounts advanced 78,316 9,000
Amounts repaid (22,000 ) (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,941 (25,375 )

Mr A Shaikh
Balance outstanding at start of year (26,910 ) (19,410 )
Amounts advanced 52,392 -
Amounts repaid (22,500 ) (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,982 (26,910 )

Interest of amount £1,781 at the rate of 2.25% has been charged on the overdrawn balance.