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REGISTERED NUMBER: 12083139 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Anglesey Energy Limited

Anglesey Energy Limited (Registered number: 12083139)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anglesey Energy Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: E W Bastow
A L Caston





REGISTERED OFFICE: 80 Guildhall Street
Bury St Edmunds
Suffolk
IP33 1QB





REGISTERED NUMBER: 12083139 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Anglesey Energy Limited (Registered number: 12083139)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 517,855 259,855
517,858 259,858

CURRENT ASSETS
Stocks 224,729 277,105
Debtors 6 1,396,811 206,136
Cash at bank 3,420,760 1,327,543
5,042,300 1,810,784
CREDITORS
Amounts falling due within one year 7 1,414,418 859,887
NET CURRENT ASSETS 3,627,882 950,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,145,740

1,210,755

PROVISIONS FOR LIABILITIES 8 76,954 9,954
NET ASSETS 4,068,786 1,200,801

CAPITAL AND RESERVES
Called up share capital 9 300,200 300,200
Retained earnings 10 3,768,586 900,601
SHAREHOLDERS' FUNDS 4,068,786 1,200,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Anglesey Energy Limited (Registered number: 12083139)

Balance Sheet - continued
31 July 2024


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 14 April 2025 and were signed on its behalf by:





E W Bastow - Director


Anglesey Energy Limited (Registered number: 12083139)

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

1. STATUTORY INFORMATION

Anglesey 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover compromises revenue recognised by the company in respect of generation of electricity. Turnover is recognised on a monthly basis as output is transferred to customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery- 25% reducing balance and 15 years straight line
Freehold land- Not depreciated
Computer Equipment - 33% on cost
Motor Vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Anglesey Energy Limited (Registered number: 12083139)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 balance sheet date.

Deferred tax
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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Anglesey Energy Limited (Registered number: 12083139)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 1 2 3
NET BOOK VALUE
At 31 July 2024 1 2 3
At 31 July 2023 1 2 3

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
land machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 110,833 169,195 33,340 649 314,017
Additions - 263,622 60,500 296 324,418
At 31 July 2024 110,833 432,817 93,840 945 638,435
DEPRECIATION
At 1 August 2023 - 50,470 3,494 198 54,162
Charge for year - 57,395 8,742 281 66,418
At 31 July 2024 - 107,865 12,236 479 120,580
NET BOOK VALUE
At 31 July 2024 110,833 324,952 81,604 466 517,855
At 31 July 2023 110,833 118,725 29,846 451 259,855

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 377,364 -
Prepayments and accrued income 1,019,447 206,136
1,396,811 206,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 390,239 259,046
Tax 787,945 236,094
Social security and other taxes 2,086 3,889
VAT 2,260 116,158
Other creditors 2,052 963
Directors' loan accounts 101,286 212,063
Accrued expenses 128,550 31,674
1,414,418 859,887

Anglesey Energy Limited (Registered number: 12083139)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 76,954 9,954

Deferred
tax
£   
Balance at 1 August 2023 9,954
Deferred Tax movement 67,000
Balance at 31 July 2024 76,954

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100
300,000 Preference £1 300,000 300,000
100 Exit £1 100 100
300,200 300,200

Preference shareholders are entitled to a 5% per annum preference dividend accruing daily from 28th July 2023.

10. RESERVES
Retained
earnings
£   

At 1 August 2023 900,601
Profit for the year 2,868,485
Dividends (500 )
At 31 July 2024 3,768,586

11. RELATED PARTY DISCLOSURES

At the year end, the company owed Mr E Bastow, a director of the company £101,285 (2023: £212,062). Interest is charged on the amount at 10% per annum and is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. E W Bastow by virtue of a 100 percent controlling interest in the company.

13. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently managed fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,525 (2023 £569).

The pension contributions outstanding at the year-end amounted to Nil (2023 £213).