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Registered Number: 07667878
England and Wales

 

 

 

ADVANCED ENERGY ALTERNATIVES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Director Juan Carlos Carrasco Garcia
Registered Number 07667878
Registered Office Suite2A Blackthorn House
St Pauls Square
Birmingham
B3 1RL
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 247,613    56,472 
Cash at bank and in hand 2,357    162,489 
249,970    218,961 
Creditors: amount falling due within one year 4 (16,684)   (41,472)
Net current assets 233,286    177,489 
 
Total assets less current liabilities 233,286    177,489 
Creditors: amount falling due after more than one year 5 (37,632)   (25,199)
Net assets 195,654    152,290 
 

Capital and reserves
     
Called up share capital 135,000    135,000 
Profit and loss account 60,654    17,290 
Shareholders' funds 195,654    152,290 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 March 2025 and were signed by:


-------------------------------
Juan Carlos Carrasco Garcia
Director
2
General Information
Advanced Energy Alternatives Limited is a private company, limited by shares, registered in England and Wales, registration number 07667878, registration address Suite2A Blackthorn House, St Pauls Square, Birmingham, B3 1RL. The trading address of the company is Av. Ricardo Soriano, 20 Edifico RS20, Marbella, Malaga, Spain, 29601.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation for the period 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.
Deferred taxation
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 period 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 future taxable profits.
2.

Average number of employees

Average number of employees in the financial year is NIL.
Average number of employees during the year was 0 (2023 : 0).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 199,506   
Other Debtors 48,107    56,472 
247,613    56,472 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 13,084    37,872 
Accrued Expenses 3,600    3,600 
16,684    41,472 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Trade Creditors 37,632    25,199 
37,632    25,199 

6.

Ultimate Controlling Party

The ultimate controlling party is J C Carrasco Garcia.
3