Company registration number 11345721 (England and Wales)
BUSINESS ENERGY CLAIMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BUSINESS ENERGY CLAIMS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
BUSINESS ENERGY CLAIMS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
43,759
50,828
Tangible assets
4
2,486
6,044
46,245
56,872
Current assets
Debtors
5
125,557
114,290
Cash at bank and in hand
52
1,712
125,609
116,002
Creditors: amounts falling due within one year
6
(1,274,961)
(1,172,848)
Net current liabilities
(1,149,352)
(1,056,846)
Net liabilities
(1,103,107)
(999,974)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(1,103,108)
(999,975)
Total equity
(1,103,107)
(999,974)

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mr C Thompson
Director
Company registration number 11345721 (England and Wales)
BUSINESS ENERGY CLAIMS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 June 2022
1
(786,391)
(786,390)
Period ended 30 September 2023:
Loss and total comprehensive income
-
(213,584)
(213,584)
Balance at 30 September 2023
1
(999,975)
(999,974)
Year ended 30 September 2024:
Loss and total comprehensive income
-
(103,133)
(103,133)
Balance at 30 September 2024
1
(1,103,108)
(1,103,107)
BUSINESS ENERGY CLAIMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Business Energy Claims Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cobalt Business Exchange, Cobalt Park Way, Wallsend, NE28 9NZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end, the company had net liabilities of £1,103,107 (2023 - £999,974). The financial statements have been prepared on a going concern basis which assumes the company will continue in operation existence for the foreseeable future. the validity of the use of this basis is based upon the following:true

 

The company meets its day to day working capital requirements through cash generated from operations and shareholder borrowings. the shareholders/ directors have confirmed their ongoing support to the company for a period of at least 12 months from the date of signing the accounts.

 

After making enquiries, the directors' believes that the company has adequate resources available for the foreseeable future. Accordingly, the directors' continues to adopt the going concern basis in preparing the annual report and financial statements.

 

If the going concern basis proved to be invalid the financial statements would have to be prepared on a break up basis in which the balance sheet would be restated to include all assets at estimated realisable values and all liabilities would become current and would have to be increased to include those liabilities contingent on the company ceasing to trade.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
10 years straight line
BUSINESS ENERGY CLAIMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

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.

BUSINESS ENERGY CLAIMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
6
3
Intangible fixed assets
Other
£
Cost
At 1 October 2023 and 30 September 2024
70,675
Amortisation and impairment
At 1 October 2023
19,848
Amortisation charged for the year
7,068
At 30 September 2024
26,916
Carrying amount
At 30 September 2024
43,759
At 30 September 2023
50,828
BUSINESS ENERGY CLAIMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 and 30 September 2024
13,940
Depreciation and impairment
At 1 October 2023
7,896
Depreciation charged in the year
3,558
At 30 September 2024
11,454
Carrying amount
At 30 September 2024
2,486
At 30 September 2023
6,044
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
84,230
4,920
Other debtors
38,903
107,558
Prepayments and accrued income
2,424
1,812
125,557
114,290
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
20,325
22,666
Amounts owed to group undertakings
1,247,351
1,141,084
Deferred income
5,665
5,665
Other creditors
-
0
880
Accruals and deferred income
1,620
2,553
1,274,961
1,172,848
7
Related party transactions

Energy Solicitors Limited is related by virtue of the same ultimate controlling party. During the year the company made sales totalling £nil (2023 - £87,300) to Energy Solicitors Limited and as at the year end the company was owed £70,200 (2023 - £70,200) from Energy Solicitors Limited

 

ECLS Group Limited is a related party by virtue of being the company's parent. As at the year end the company owed £1,247,351 (2023 - £1,141,084) to ECLS Group Limited.

2024-09-302023-10-01falsefalsefalse26 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityC ThompsonMr G ThompsonMr K FinniganMr O Holmes113457212023-10-012024-09-30113457212024-09-30113457212023-09-3011345721core:IntangibleAssetsOtherThanGoodwill2024-09-3011345721core:IntangibleAssetsOtherThanGoodwill2023-09-3011345721core:OtherPropertyPlantEquipment2024-09-3011345721core:OtherPropertyPlantEquipment2023-09-3011345721core:ShareCapital2024-09-3011345721core:ShareCapital2023-09-3011345721core:RetainedEarningsAccumulatedLosses2024-09-3011345721core:RetainedEarningsAccumulatedLosses2023-09-3011345721core:ShareCapital2022-05-3111345721core:RetainedEarningsAccumulatedLosses2022-05-3111345721bus:Director12023-10-012024-09-3011345721core:RetainedEarningsAccumulatedLosses2022-06-012023-09-30113457212022-06-012023-09-3011345721core:RetainedEarningsAccumulatedLosses2023-10-012024-09-3011345721core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011345721core:ComputerSoftware2023-10-012024-09-3011345721core:ComputerEquipment2023-10-012024-09-3011345721core:IntangibleAssetsOtherThanGoodwill2023-09-3011345721core:OtherPropertyPlantEquipment2023-09-3011345721core:OtherPropertyPlantEquipment2023-10-012024-09-3011345721core:CurrentFinancialInstruments2024-09-3011345721core:CurrentFinancialInstruments2023-09-3011345721bus:PrivateLimitedCompanyLtd2023-10-012024-09-3011345721bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011345721bus:FRS1022023-10-012024-09-3011345721bus:AuditExemptWithAccountantsReport2023-10-012024-09-3011345721bus:Director22023-10-012024-09-3011345721bus:Director32023-10-012024-09-3011345721bus:Director42023-10-012024-09-3011345721bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP