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Registration number: 09284513

JAG EcoEnergy Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

JAG EcoEnergy Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

JAG EcoEnergy Ltd

Company Information

Directors

Mr A W Griffiths

Mr D G Griffiths

Mrs J A Griffiths

Registered office

Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

 

JAG EcoEnergy Ltd

(Registration number: 09284513)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

261,784

287,962

Current assets

 

Debtors

6

70,330

44,874

Cash at bank and in hand

 

1,152

26,893

 

71,482

71,767

Creditors: Amounts falling due within one year

7

(182,964)

(132,254)

Net current liabilities

 

(111,482)

(60,487)

Total assets less current liabilities

 

150,302

227,475

Creditors: Amounts falling due after more than one year

7

(82,874)

(139,960)

Net assets

 

67,428

87,515

Capital and reserves

 

Called up share capital

300

300

Profit and loss account

67,128

87,215

Total equity

 

67,428

87,515

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 July 2025 and signed on its behalf by:
 

.........................................
Mr A W Griffiths
Director

   
     
 

JAG EcoEnergy Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

The principal place of business is:
Blaenlliedi Farm
Sylen Road
Pontyberem
Llanelli
SA15 5NN

These financial statements were authorised for issue by the Board on 7 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

 

JAG EcoEnergy Ltd

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Wind Turbines

20 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

JAG EcoEnergy Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

26,178

26,179

5

Tangible assets

Wind turbines
 £

Total
£

Cost or valuation

At 1 November 2023

523,568

523,568

At 31 October 2024

523,568

523,568

Depreciation

At 1 November 2023

235,606

235,606

Charge for the year

26,178

26,178

At 31 October 2024

261,784

261,784

Carrying amount

At 31 October 2024

261,784

261,784

At 31 October 2023

287,962

287,962

6

Debtors

2024
£

2023
£

Other debtors

70,330

44,874

70,330

44,874

 

JAG EcoEnergy Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

55,174

53,262

Taxation and social security

 

420

263

Other related parties

 

110,362

54,576

Corporation tax liability

 

14,221

23,161

Other creditors

 

2,787

992

 

182,964

132,254

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

82,874

139,960

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A Share of £1 each

100

100

100

100

Ordinary B Share of £1 each

100

100

100

100

Ordinary C Share of £1 each

100

100

100

100

 

300

300

300

300

 

JAG EcoEnergy Ltd

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

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

82,874

139,960

2024
£

2023
£

Current loans and borrowings

Bank borrowings

55,174

53,262

 

JAG EcoEnergy Ltd

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

10

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Other payments made to company by director
£

At 31 October 2024
£

Mr A W Griffiths

Interest free loan with no fixed repayment terms

(42,452)

(45,786)

(88,238)

       
     

Mr D G Griffiths

Interest free loan with no fixed repayment terms

(6,062)

(5,000)

(11,062)

       
     

Mrs J A Griffiths

Interest free loan with no fixed repayment terms

(6,062)

(5,000)

(11,062)

       
     

 

2023

At 1 November 2022
£

Other payments made to company by director
£

At 31 October 2023
£

Mr A W Griffiths

Interest free loan with no fixed repayment terms

(20,213)

(22,240)

(42,452)

       
     

Mr D G Griffiths

Interest free loan with no fixed repayment terms

(6,062)

-

(6,062)

       
     

Mrs J A Griffiths

Interest free loan with no fixed repayment terms

(6,062)

-

(6,062)