Downstream Energy Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09928905

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,052,244		1,013,463

			1,052,244		1,013,463
CURRENT ASSETS
Stocks	5	19,500		47,021
Debtors	6	704,664		611,864
Cash at bank and in hand		429,929		379,573

		1,154,093		1,038,458
Creditors: Amounts Falling Due Within One Year	7	(1,087,135 )		(972,313 )

NET CURRENT ASSETS (LIABILITIES)			66,958		66,145

TOTAL ASSETS LESS CURRENT LIABILITIES			1,119,202		1,079,608

Creditors: Amounts Falling Due After More Than One Year	8		(17,405 )		(75,942 )

NET ASSETS			1,101,797		1,003,666

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,101,697		1,003,566

SHAREHOLDERS' FUNDS			1,101,797		1,003,666

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Downstream Energy Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Smith

Director

25th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Downstream Energy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09928905 . The registered office is Bank Field , Wollerton, Market Drayton, Shropshire, TF9 3NB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated 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:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2023: 23)

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Downstream Energy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	208,345	1,304,028	1,512,373
Additions	194,685	199,500	394,185
Disposals	(500 )	(86,450 )	(86,950 )

As at 31 December 2024	402,530	1,417,078	1,819,608

Depreciation
As at 1 January 2024	95,166	403,744	498,910
Provided during the period	68,030	247,413	315,443
Disposals	(433 )	(46,556 )	(46,989 )

As at 31 December 2024	162,763	604,601	767,364

Net Book Value
As at 31 December 2024	239,767	812,477	1,052,244

As at 1 January 2024	113,179	900,284	1,013,463

5. Stocks

	2024	2023
	£	£
Work in progress	19,500	47,021

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	557,031	465,323
Prepayments and accrued income	147,633	146,541

	704,664	611,864

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	15,996	34,541
Trade creditors	295,654	219,517
Bank loans and overdrafts	42,460	46,979
Corporation tax	85,206	47,119
Other taxes and social security	44,467	42,621
VAT	96,829	116,915
Net wages	30,365	23,733
Accruals and deferred income	3,485	2,661
Directors' loan accounts	472,673	438,227

	1,087,135	972,313

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Downstream Energy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	17,405	33,482
Bank loans	-	42,460

	17,405	75,942

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,996	34,541
Later than one year and not later than five years	17,405	33,482

	33,401	68,023

	33,401	68,023

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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