for the Period Ended 31 December 2024
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
|
|
£ |
£ |
|
| Fixed assets | |||
| Tangible assets: | 3 |
|
|
| Total fixed assets: |
|
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|
| Current assets | |||
| Stocks: | 4 |
|
|
| Debtors: | 5 |
|
|
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors: amounts falling due within one year: | 6 |
(
|
(
|
| Net current assets (liabilities): |
( |
( |
|
| Total assets less current liabilities: |
( |
|
|
| Creditors: amounts falling due after more than one year: | 7 |
(
|
(
|
| Total net assets (liabilities): |
( |
( |
|
| Capital and reserves | |||
| Called up share capital: |
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|
|
| Profit and loss account: |
( |
( |
|
| Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 December 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 January 2024 |
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| Additions | ||||||
| Disposals |
(
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(
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(
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| Revaluations | ||||||
| Transfers | ||||||
| At 31 December 2024 |
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| Depreciation | ||||||
| At 1 January 2024 |
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| Charge for year |
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| On disposals |
(
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(
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(
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| Other adjustments | ||||||
| At 31 December 2024 |
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| Net book value | ||||||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Stocks |
|
|
| Total |
|
|
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
|
|
| Prepayments and accrued income |
|
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| Other debtors |
|
|
| Total |
|
|
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
|
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| Amounts due under finance leases and hire purchase contracts |
|
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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|
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors |
|
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| Total |
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Gwent Energy is a community energy company dedicated to enabling people in deprived areas to benefit from renewable energy installations, by reducing energy bills on community centres. For many centres run by volunteers, energy is their highest cost and limited what they can provide. Our installations typically solar panels, batteries and biomass boilers reduce energy bills, allow the community centre to provide more vital services for the community. The services they can offer are typically: heat tubs, food bankgs, mums & toddler groups, job clubs and after school clubs for children without computer or internet at home. The key to success is that they can flexibly provide what their community needs. Using figures from organisations like the trussell foundation suggest our systems provide more than £1/2m a year. Our installations can use existing grid connections and buulding roofs as a low cost means to help achieve net zero and improce life chances for thousands of people.
Our stakeholders are the people who use the community centres for needed services. We provide initial consultations with communities who have approached us for help. People who use these centres are aware of the renewable energy provided but may not be aware it has been provided by Gwent Energy. Since we install a system about 1 per month and have been doing this for more than 10 years it is financially impractical to provide ongoing consultations.
Three of the four directors are employees and recieve wages and pension contributions for their employment, but not for their role as director. Full details of the directors' remuneration are disclosed in the Directors' Remuneration note in the Notes to the Financial Statements.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 September 2025
And signed on behalf of the board by:
Name: Mr P Powell
Status: Director