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Company Registration No. 06451907 (England and Wales)
Excess Energy Communications Limited Unaudited accounts for the year ended 31 December 2024
Excess Energy Communications Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Excess Energy Communications Limited Company Information for the year ended 31 December 2024
Directors
Fraser Thomas Gardiner Rhona Carrick Gardiner Rhona Gardiner
Secretary
Louise Searle
Company Number
06451907 (England and Wales)
Registered Office
UNIT 4 SCHOOL CLOSE NEWQUAY CORNWALL TR7 3EN
Accountants
LA Accountancy Services Limited Minehill Cottages Menheniot Liskeard Cornwall PL14 3RA
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Excess Energy Communications Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
1,212
2,311
Current assets
Debtors
6
48,967
57,036
Cash at bank and in hand
17,936
22,464
66,903
79,500
Creditors: amounts falling due within one year
7
(18,125)
(44,020)
Net current assets
48,778
35,480
Total assets less current liabilities
49,990
37,791
Creditors: amounts falling due after more than one year
8
(18,216)
(28,270)
Provisions for liabilities
Deferred tax
(230)
(438)
Net assets
31,544
9,083
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
31,543
9,082
Shareholders' funds
31,544
9,083
For the year ending 31 December 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 19 September 2025 and were signed on its behalf by
Rhona Gardiner Director Company Registration No. 06451907
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Excess Energy Communications Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Excess Energy Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 06451907. The registered office is UNIT 4 SCHOOL CLOSE, NEWQUAY, CORNWALL, TR7 3EN.
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.
3
Accounting policies
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.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs, only when all of the following conditions are satisfied: • the turnover amount can be measured reliably • it is probable that the Company will receive the consideration due under the contract • the stage of the completion of the contract at the end of the period can be measured reliably, and • the costs incurred and the costs to complete the contract can be measured reliably
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated life of four years.
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Excess Energy Communications Limited Notes to the Accounts for the year ended 31 December 2024
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses, and are stated at historical cost less accumulated depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor Vehicles - 25% Straight Line Fixtures & Fittings - 25% Straight Line The Assets residual values, useful lives and depreciation methods are reviewed and adjsuted if deemed necessary for the end of the Accounting period. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.
Taxation
Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity, is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of taxable profits for the year or prior years and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countrieswhere the company operates and generates income. A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current or prior periods. Deferred tax arises from timing differences between taxable profits for the period and those shown in the financial statements. Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
Pensions
The Company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The Company contributes to a Directors defined benefit pension scheme. The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid at the Balance Sheet date are included within creditors.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
10,000
At 31 December 2024
10,000
Amortisation
At 1 January 2024
10,000
At 31 December 2024
10,000
Net book value
At 31 December 2024
-
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Excess Energy Communications Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
1,400
41,320
42,720
At 31 December 2024
1,400
41,320
42,720
Depreciation
At 1 January 2024
1,400
39,009
40,409
Charge for the year
-
1,099
1,099
At 31 December 2024
1,400
40,108
41,508
Net book value
At 31 December 2024
-
1,212
1,212
At 31 December 2023
-
2,311
2,311
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
16,141
20,822
Accrued income and prepayments
2,826
4,244
Other debtors
-
1,970
18,967
27,036
Amounts falling due after more than one year
Other debtors
30,000
30,000
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
9,694
9,958
Trade creditors
270
1,168
Taxes and social security
7,341
8,387
Other creditors
-
8,574
Loans from directors
20
15,153
Accruals
800
780
18,125
44,020
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
18,216
28,270
A bank loan of £50,000 was taken out in 2020, being secured against the Company. It is repayable after 6 years, with interest charged at 2.5% after a 12 month interest free period.
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Excess Energy Communications Limited Notes to the Accounts for the year ended 31 December 2024
9
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Pension commitments
The Company pays contributions into a defined contribution pension scheme for its employees and into a defined benefit pension scheme for a Director. The pension cost charge represents contributions payable by the Company into these schemes and amounted to £,41,0826 (2020: £41,294). No contributions were payable at the reporting date.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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