Company Registration No. 04933967 (England and Wales)
Efficient Energy Centre (Hereford) Ltd
Unaudited accounts
for the year ended 31 October 2024
Efficient Energy Centre (Hereford) Ltd
Unaudited accounts
Contents
Efficient Energy Centre (Hereford) Ltd
Company Information
for the year ended 31 October 2024
Directors
A W Matthews
Mrs K H Matthews
Company Number
04933967 (England and Wales)
Registered Office
Efficent Energy Centre
2 Harrow Road
Plough Lane
Hereford
HR4 0EH
England
Accountants
Armstrong Rogers & Co
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
Efficient Energy Centre (Hereford) Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
64,169
85,321
Cash at bank and in hand
144,466
139,081
Creditors: amounts falling due within one year
(93,263)
(212,866)
Net current assets
97,494
68,458
Total assets less current liabilities
161,663
153,779
Creditors: amounts falling due after more than one year
(857)
(8,724)
Provisions for liabilities
Deferred tax
(12,830)
(17,106)
Net assets
147,976
127,949
Called up share capital
2
2
Profit and loss account
147,974
127,947
Shareholders' funds
147,976
127,949
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
A W Matthews
Director
Company Registration No. 04933967
Efficient Energy Centre (Hereford) Ltd
Notes to the Accounts
for the year ended 31 October 2024
Efficient Energy Centre (Hereford) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04933967. The registered office is Efficent Energy Centre, 2 Harrow Road, Plough Lane, Hereford, HR4 0EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Reducing Balance Basis
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Other tangible fixed assets
20% Reducing Balance Basis
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Efficient Energy Centre (Hereford) Ltd
Notes to the Accounts
for the year ended 31 October 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
33,624
21,102
177,616
232,342
At 31 October 2024
33,624
21,102
177,616
232,342
At 1 November 2023
30,014
17,556
99,451
147,021
Charge for the year
722
889
19,541
21,152
At 31 October 2024
30,736
18,445
118,992
168,173
At 31 October 2024
2,888
2,657
58,624
64,169
At 31 October 2023
3,610
3,546
78,165
85,321
Amounts falling due within one year
Trade debtors
18,558
99,026
Accrued income and prepayments
5,485
4,975
Other debtors
3,048
19,442
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,868
10,695
Trade creditors
13,570
127,594
Taxes and social security
32,801
13,621
Other creditors
30,742
54,240
Loans from directors
5,542
4,226
Efficient Energy Centre (Hereford) Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
857
8,724
The Company has total guarantees and commitments at the balance sheet date of £15,624 (2022: £15,624).
9
Guarantees provided on behalf of directors
The Company has total guarantees and commitments at the balance sheet date of £16,874 (2023: £15,624).
10
Transactions with related parties
At 31 October 2024, Mr A. W. Matthews was owed £5,542 (2023: £4,226 in respect of his Joint Directors Current Accounts.
The Company is under the control of the Directors Mr A.W. Matthews and Mrs K.H. Matthews who together own 100% of the issued share capital.
12
Average number of employees
During the year the average number of employees was 10 (2023: 10).