Company Registration No. 11408567 (England and Wales)
NEW DIRECTION ENERGY & FINANCIAL LTD
Unaudited accounts
for the period from 1 July 2023 to 31 December 2024
NEW DIRECTION ENERGY & FINANCIAL LTD
Statement of financial position
as at 31 December 2024
Tangible assets
4,498
8,996
Cash at bank and in hand
1,095,791
599,488
Creditors: amounts falling due within one year
(214,664)
(10,896)
Net current assets
1,281,127
595,401
Total assets less current liabilities
1,285,625
604,397
Creditors: amounts falling due after more than one year
(32,378)
(42,188)
Provisions for liabilities
Other provisions
(1,032,001)
(653,099)
Net assets/(liabilities)
221,246
(90,890)
Called up share capital
100
100
Profit and loss account
221,146
(90,990)
Shareholders' funds
221,246
(90,890)
For the period 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 director acknowledges his 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 and authorised for issue on 15 December 2025 and were signed on its behalf by
Andrew Paul Condren
Director
Company Registration No. 11408567
NEW DIRECTION ENERGY & FINANCIAL LTD
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2024
NEW DIRECTION ENERGY & FINANCIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11408567. The registered office is 22a Cringleway, Great Ponton, Grantham, Lincolnshire, NG33 5DL, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis
NEW DIRECTION ENERGY & FINANCIAL LTD
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2024
4
Tangible fixed assets
Motor vehicles
At 31 December 2024
11,995
Charge for the period
4,498
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,800
7,190
Taxes and social security
148,172
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
NEW DIRECTION ENERGY & FINANCIAL LTD
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2024
9
Transactions with related parties
Included within Other Debtors is an amount of £400,000 (2023: £Nil) due from NEW DIRECTION PROPERTY LTD, a company registered in England & Wales in which Andrew Condren has a beneficial interest. The loan is unsecured, interest-free, and repayable on demand.
All transactions with related parties were conducted on an arm’s length basis.
10
Average number of employees
During the period the average number of employees was 2 (2023: 0).