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REGISTERED NUMBER: 09154192 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Common Sense Energy Ltd

Common Sense Energy Ltd (Registered number: 09154192)






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

Report of the Accountants 7

Common Sense Energy Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A Harris





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 09154192 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Common Sense Energy Ltd (Registered number: 09154192)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,185 16,356

CURRENT ASSETS
Debtors 5 3,720 37,404
Cash at bank 555 143
4,275 37,547
CREDITORS
Amounts falling due within one year 6 9,006 11,024
NET CURRENT (LIABILITIES)/ASSETS (4,731 ) 26,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,454

42,879

CREDITORS
Amounts falling due after more than one
year

7

16,058

16,058
NET ASSETS 3,396 26,821

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 3,395 26,820
SHAREHOLDERS' FUNDS 3,396 26,821

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 director acknowledges his 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.

Common Sense Energy Ltd (Registered number: 09154192)

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 director and authorised for issue on 25 February 2025 and were signed by:





A Harris - Director


Common Sense Energy Ltd (Registered number: 09154192)

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

1. STATUTORY INFORMATION

Common Sense Energy Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Common Sense Energy Ltd (Registered number: 09154192)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 21,662 758 22,420
Additions 16,000 - 16,000
At 31 July 2024 37,662 758 38,420
DEPRECIATION
At 1 August 2023 5,415 649 6,064
Charge for year 8,062 109 8,171
At 31 July 2024 13,477 758 14,235
NET BOOK VALUE
At 31 July 2024 24,185 - 24,185
At 31 July 2023 16,247 109 16,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,720 -
VAT debtor - 37,404
3,720 37,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,100 4,100
Taxation 3,485 2,759
Social security and other taxes 221 -
Directors' current accounts - 3,165
Accrued expenses 1,200 1,000
9,006 11,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 4,100 4,100
Bank loans - 2-5 years 11,958 11,958
16,058 16,058

Common Sense Energy Ltd (Registered number: 09154192)

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

8. RESERVES
Retained
earnings
£   

At 1 August 2023 26,820
Profit for the year 10,575
Dividends (34,000 )
At 31 July 2024 3,395

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 were paid to the director .

The director controls the company by virtue of a direct controlling interest of 100% of the issued ordinary share capital. Transactions on the directors loan account during the year were as follows:-

Balance Repaid by Balance
B/fwd the company C/fwd

£3,165 £3,165 £Nil

Common Sense Energy Ltd

Report of the Accountants to the Director of
Common Sense Energy Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN


25 February 2025