FVB District Energy UK Ltd 10114933 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of consulting services on district energy. Digita Accounts Production Advanced 6.30.9574.0 true true true 10114933 2024-01-01 2024-12-31 10114933 2024-12-31 10114933 core:CurrentFinancialInstruments 2024-12-31 10114933 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10114933 core:FurnitureFittings 2024-12-31 10114933 bus:SmallEntities 2024-01-01 2024-12-31 10114933 bus:Audited 2024-01-01 2024-12-31 10114933 bus:FilletedAccounts 2024-01-01 2024-12-31 10114933 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10114933 bus:RegisteredOffice 2024-01-01 2024-12-31 10114933 bus:Director1 2024-01-01 2024-12-31 10114933 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10114933 core:ComputerEquipment 2024-01-01 2024-12-31 10114933 core:FurnitureFittings 2024-01-01 2024-12-31 10114933 core:ParentEntities 2024-01-01 2024-12-31 10114933 1 2024-01-01 2024-12-31 10114933 countries:EnglandWales 2024-01-01 2024-12-31 10114933 2023-12-31 10114933 core:FurnitureFittings 2023-12-31 10114933 2023-01-01 2023-12-31 10114933 2023-12-31 10114933 core:CurrentFinancialInstruments 2023-12-31 10114933 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10114933 core:FurnitureFittings 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 10114933

FVB District Energy UK Ltd

Filleted Financial Statements

for the Year Ended 31 December 2024

 

FVB District Energy UK Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

FVB District Energy UK Ltd

(Registration number: 10114933)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,789

1,116

Current assets

 

Debtors

5

287,029

173,139

Cash at bank and in hand

 

146,572

137,544

 

433,601

310,683

Creditors: Amounts falling due within one year

6

(212,974)

(126,361)

Net current assets

 

220,627

184,322

Net assets

 

223,416

185,438

Capital and reserves

 

Called up share capital

105,000

105,000

Retained earnings

118,416

80,438

Shareholders' funds

 

223,416

185,438

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 April 2025 and signed on its behalf by:
 

.........................................
C B Engberg
Director

 

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Greyfriars Road
Reading
Berkshire
RG1 1NU
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 8 April 2025 was Dean Blunden BFP FCA, who signed for and on behalf of UHY Ross Brooke.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Contract revenue recognition

Turnover from the rendering of services is recognised by reference to the cost incurred on the projects each month. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Foreign currency transactions and balances

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Asset class

Depreciation method and rate

Office equipment

33% on straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 5).

 

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

5,521

5,521

Additions

2,769

2,769

At 31 December 2024

8,290

8,290

Depreciation

At 1 January 2024

4,405

4,405

Charge for the year

1,096

1,096

At 31 December 2024

5,501

5,501

Carrying amount

At 31 December 2024

2,789

2,789

At 31 December 2023

1,116

1,116

5

Debtors

Current

2024
£

2023
£

Trade debtors

272,902

165,799

Prepayments

10,173

5,910

Other debtors

3,954

1,430

 

287,029

173,139

 

FVB District Energy UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

16,292

5,384

Amounts owed to group undertakings

8

60,736

30,898

Taxation and social security

 

66,444

40,573

Other creditors

 

69,502

49,506

 

212,974

126,361

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £12,866 (2023 - £34,922). This is the total of future minimum payments under non-cancellable agreements.

8

Related party transactions

Summary of transactions with parent

The company is a wholly owned subsidiary member of it's group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 the "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose transactions with entities that are wholly owned members of the group.
 

9

Parent and ultimate parent undertaking

The ultimate controlling party is FVB Sverige AB who controls 100% of the shares of FVB District Energy UK Ltd.

 The company's immediate parent is FVB Sverige AB, incorporated in Sweden.

  These financial statements are available upon request from the secretary, 8 Isolatorvagen, Vasteras, 721 37, Sweden.