Silverfin false false 30/06/2024 01/07/2023 30/06/2024 R Newberry 30/11/2018 K J Parr 30/11/2018 T L Smith 30/11/2018 I Tisalita 30/11/2018 09 June 2025 The principal activity of the Company during the financial year was the holding of shares in subsidiaries which construct utility projects for electricity. 11706102 2024-06-30 11706102 bus:Director1 2024-06-30 11706102 bus:Director2 2024-06-30 11706102 bus:Director3 2024-06-30 11706102 bus:Director4 2024-06-30 11706102 2023-06-30 11706102 core:CurrentFinancialInstruments 2024-06-30 11706102 core:CurrentFinancialInstruments 2023-06-30 11706102 core:ShareCapital 2024-06-30 11706102 core:ShareCapital 2023-06-30 11706102 core:RetainedEarningsAccumulatedLosses 2024-06-30 11706102 core:RetainedEarningsAccumulatedLosses 2023-06-30 11706102 core:CostValuation 2023-06-30 11706102 core:CostValuation 2024-06-30 11706102 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-06-30 11706102 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-06-30 11706102 2023-07-01 2024-06-30 11706102 bus:FilletedAccounts 2023-07-01 2024-06-30 11706102 bus:SmallEntities 2023-07-01 2024-06-30 11706102 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11706102 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11706102 bus:Director1 2023-07-01 2024-06-30 11706102 bus:Director2 2023-07-01 2024-06-30 11706102 bus:Director3 2023-07-01 2024-06-30 11706102 bus:Director4 2023-07-01 2024-06-30 11706102 2022-07-01 2023-06-30 11706102 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 11706102 (England and Wales)

BALANCED GRID WORKS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BALANCED GRID WORKS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BALANCED GRID WORKS LIMITED

BALANCE SHEET

As at 30 June 2024
BALANCED GRID WORKS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,350 1,350
1,350 1,350
Current assets
Debtors 4 529,771 382,252
Cash at bank and in hand 5 295,094 437,431
824,865 819,683
Creditors: amounts falling due within one year 6 ( 430,216) ( 438,617)
Net current assets 394,649 381,066
Total assets less current liabilities 395,999 382,416
Net assets 395,999 382,416
Capital and reserves
Called-up share capital 102 102
Profit and loss account 395,897 382,314
Total shareholders' funds 395,999 382,416

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

Directors' responsibilities:

The financial statements of Balanced Grid Works Limited (registered number: 11706102) were approved and authorised for issue by the Board of Directors on 09 June 2025. They were signed on its behalf by:

I Tisalita
Director
T L Smith
Director
BALANCED GRID WORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BALANCED GRID WORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Balanced Grid Works Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover represents the amounts receivable in the ordinary course of business, net of VAT. Turnover comprises:

Income from the sale of investments, specifically the sale of shares in subsidiary undertakings. Revenue from the disposal of such investments is recognised on the completion date of the sale agreement, when control and risks of ownership have transferred to the purchaser and the amount of consideration can be reliably measured.

Recharged expenses to subsidiary companies, which are recognised as turnover when the related costs are incurred and the amounts are contractually recoverable from the subsidiaries.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 1,300
At 30 June 2024 1,300
Carrying value at 30 June 2024 1,300
Carrying value at 30 June 2023 1,300

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 July 2023 50 50
At 30 June 2024 50 50
Carrying value at 30 June 2024 50 50
Carrying value at 30 June 2023 50 50

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 464,501 318,115
Amounts owed by associates 12 0
VAT recoverable 1,121 0
Other debtors 64,137 64,137
529,771 382,252

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 295,094 437,431

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 6,188
Amounts owed to Group undertakings 187,960 187,960
Amounts owed to joint ventures 9,543 9,543
Accruals 4,236 3,595
Other taxation and social security 0 2,854
Other creditors 228,477 228,477
430,216 438,617

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.