Registered number
10813345
GRE Energy Training Limited
Filleted Accounts
30 June 2024
GRE Energy Training Limited
Registered number: 10813345
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 135,283 79,816
Current assets
Debtors 4 43,127 59,089
Cash at bank and in hand 19,521 106,072
62,648 165,161
Creditors: amounts falling due within one year 5 (70,854) (73,851)
Net current (liabilities)/assets (8,206) 91,310
Total assets less current liabilities 127,077 171,126
Creditors: amounts falling due after more than one year 6 (120,152) (86,507)
Net assets 6,925 84,619
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,825 84,519
Shareholders' funds 6,925 84,619
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Davidson-Ward
Director
Approved by the board on 27 March 2025
GRE Energy Training Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Property Improvements 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 13,644 112,297 21,413 147,354
Additions - 15,872 84,927 100,799
At 30 June 2024 13,644 128,169 106,340 248,153
Depreciation
At 1 July 2023 3,411 53,920 10,207 67,538
Charge for the year 2,558 18,741 24,033 45,332
At 30 June 2024 5,969 72,661 34,240 112,870
Net book value
At 30 June 2024 7,675 55,508 72,100 135,283
At 30 June 2023 10,233 58,377 11,206 79,816
4 Debtors 2024 2023
£ £
Trade debtors 6,092 1,608
Other debtors 37,035 57,481
43,127 59,089
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,954 25,954
Obligations under finance lease and hire purchase contracts 9,318 -
Trade creditors 14,234 12,016
Taxation and social security costs 6,060 31,115
Other creditors 15,288 4,766
70,854 73,851
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 59,553 86,507
Obligations under finance lease and hire purchase contracts 60,599 -
120,152 86,507
7 Other information
GRE Energy Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
70 Markham Lane
Duckmanton
Chesterfield
S44 5HS
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