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REGISTERED NUMBER: 07337360 (England and Wales)


















Power Balancing Services Limited

Unaudited Financial Statements

for the Period

1st September 2023 to 30th August 2024






Power Balancing Services Limited (Registered number: 07337360)






Contents of the Financial Statements
for the Period 1st September 2023 to 30th August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Power Balancing Services Limited

Company Information
for the Period 1st September 2023 to 30th August 2024







DIRECTORS: G White
A Leach
P T Tittley





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB





REGISTERED NUMBER: 07337360 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Power Balancing Services Limited (Registered number: 07337360)

Balance Sheet
30th August 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 5 259 4,755
Investments 6 25 25
284 4,780

CURRENT ASSETS
Debtors 7 714,612 705,624
Cash at bank 599,706 226,638
1,314,318 932,262
CREDITORS
Amounts falling due within one year 8 (296,804 ) (39,219 )
NET CURRENT ASSETS 1,017,514 893,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,017,798

897,823

CREDITORS
Amounts falling due after more than one
year

9

(119,153

)

(119,153

)
NET ASSETS 898,645 778,670

CAPITAL AND RESERVES
Called up share capital 10 32,020 32,020
Retained earnings 866,625 746,650
SHAREHOLDERS' FUNDS 898,645 778,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Power Balancing Services Limited (Registered number: 07337360)

Balance Sheet - continued
30th August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2025 and were signed on its behalf by:





P T Tittley - Director


Power Balancing Services Limited (Registered number: 07337360)

Notes to the Financial Statements
for the Period 1st September 2023 to 30th August 2024

1. STATUTORY INFORMATION

Power Balancing Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Power Balancing Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Power Balancing Services Limited (Registered number: 07337360)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 30th August 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st September 2023 4,061 15,179 19,240
Disposals - (4,138 ) (4,138 )
At 30th August 2024 4,061 11,041 15,102
DEPRECIATION
At 1st September 2023 1,218 13,267 14,485
Charge for period 812 3,684 4,496
Eliminated on disposal - (4,138 ) (4,138 )
At 30th August 2024 2,030 12,813 14,843
NET BOOK VALUE
At 30th August 2024 2,031 (1,772 ) 259
At 31st August 2023 2,843 1,912 4,755

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st September 2023
and 30th August 2024 25
NET BOOK VALUE
At 30th August 2024 25
At 31st August 2023 25

7. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Trade debtors 16,497 -
Other debtors 8,115 15,624
24,612 15,624

Power Balancing Services Limited (Registered number: 07337360)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 30th August 2024

7. DEBTORS - continued
2024 2023
as restated
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 690,000 690,000

Aggregate amounts 714,612 705,624

Included in debtors is £690,000 (2023 - £690,000) owed by Powertree (Holdings) Limited a company in which A Leach and G White are directors.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors - 27,970
Taxation and social security 40,904 9,675
Other creditors 255,900 1,574
296,804 39,219

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Included in creditors is £119,153 (2023 £119,153) owed to Renewable Power Systems Ltd. a company that
A Leach is a director of.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
20 Ordinary £1 20 20
20 B Ordinary £400 8,000 8,000
60 C Ordinary £400 24,000 24,000
32,020 32,020