REGISTERED NUMBER: 07709636 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31st December 2024

for

JUICE STORED ENERGY LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

K E Barton

J Barton

A J Clarke

REGISTERED OFFICE:

Alexander House Burma Road

Blidworth

Mansfield

NG21 0RT

REGISTERED NUMBER:

07709636 (England and Wales)

AUDITORS:

Attenboroughs (Accountants) Limited

Statutory Auditor

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply, hire and battery care for clients in the warehousing and logistics sector.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

K E Barton

J Barton

A J Clarke

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Attenboroughs (Accountants) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Barton - Director

29th May 2026

Opinion

We have audited the financial statements of Juice Stored Energy Limited (the 'company') for the year ended 31st December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st December 2024 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities (non-compliance with laws and regulations), including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We have made enquires of management around actual and potential litigation claims.

The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, distributable profits legislation, taxation legislation and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

We have reviewed the financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations.

We have considered the risks of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr David Roger Pattman FCCA (Senior Statutory Auditor)

for and on behalf of Attenboroughs (Accountants) Limited

Statutory Auditor

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

29th May 2026

TURNOVER

6,537,017

7,036,785

Cost of sales

3,771,802

4,605,426

GROSS PROFIT

2,765,215

2,431,359

Distribution costs

17,807

17,495

Administrative expenses

2,635,459

1,878,725

2,653,266

1,896,220

111,949

535,139

Other operating income

286

1,506

OPERATING PROFIT

4

112,235

536,645

Interest receivable and similar income

-

171

112,235

536,816

Interest payable and similar expenses

5

189,422

159,871

(LOSS)/PROFIT BEFORE TAXATION

(77,187

)

376,945

Tax on (loss)/profit

6

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(77,187

)

376,945

(LOSS)/PROFIT FOR THE YEAR

(77,187

)

376,945

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(77,187

)

376,945

FIXED ASSETS

Tangible assets

7

918,153

1,041,029

Investments

8

8,670

-

926,823

1,041,029

CURRENT ASSETS

Stocks

9

574,502

520,540

Debtors

10

2,102,336

1,832,797

Cash at bank and in hand

27,043

95,349

2,703,881

2,448,686

CREDITORS

Amounts falling due within one year

11

2,462,195

2,087,179

NET CURRENT ASSETS

241,686

361,507

TOTAL ASSETS LESS CURRENT LIABILITIES

1,168,509

1,402,536

CREDITORS

Amounts falling due after more than one year

12

(192,413

)

(349,253

)

PROVISIONS FOR LIABILITIES

15

(9,886

)

(9,886

)

NET ASSETS

966,210

1,043,397

CAPITAL AND RESERVES

Called up share capital

16

1,064

1,064

Share premium

17

1,237,616

1,237,616

Retained earnings

17

(272,470

)

(195,283

)

SHAREHOLDERS' FUNDS

966,210

1,043,397

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2026 and were signed on its behalf by:

J Barton - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1st January 2023

1,064

(572,228

)

1,237,616

666,452

Changes in equity

Total comprehensive income

-

376,945

-

376,945

Balance at 31st December 2023

1,064

(195,283

)

1,237,616

1,043,397

Changes in equity

Total comprehensive income

-

(77,187

)

-

(77,187

)

Balance at 31st December 2024

1,064

(272,470

)

1,237,616

966,210

Cash flows from operating activities

Cash generated from operations

1

606,712

708,052

Interest paid

(5,671

)

(768

)

Interest element of hire purchase payments paid

(7,309

)

-

Finance costs paid

(176,442

)

(159,103

)

Net cash from operating activities

417,290

548,181

Cash flows from investing activities

Purchase of tangible fixed assets

(229,441

)

(698,377

)

Purchase of fixed asset investments

(8,670

)

-

Sale of tangible fixed assets

-

96,512

Interest received

-

171

Net cash from investing activities

(238,111

)

(601,694

)

Cash flows from financing activities

Loan repayments in year

(176,665

)

(69,667

)

Changes in group loan balances

(103,775

)

(35,285

)

HP capital repayments in year

47,955

53,234

Amount introduced by directors

-

15,000

Amount withdrawn by directors

(15,000

)

-

Net cash from financing activities

(247,485

)

(36,718

)

Decrease in cash and cash equivalents

(68,306

)

(90,231

)

Cash and cash equivalents at beginning of year

2

95,349

185,580

Cash and cash equivalents at end of year

2

27,043

95,349

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31/12/24

31/12/23

£

£

(Loss)/profit before taxation

(77,187

)

376,945

Depreciation charges

352,315

294,419

Loss on disposal of fixed assets

-

13,188

Finance costs

189,422

159,871

Finance income

-

(171

)

464,550

844,252

Increase in stocks

(53,962

)

(190,304

)

(Increase)/decrease in trade and other debtors

(148,563

)

141,762

Increase/(decrease) in trade and other creditors

344,687

(87,658

)

Cash generated from operations

606,712

708,052

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

27,043

95,349

Year ended 31st December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

95,349

185,580

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank and in hand

95,349

(68,306

)

27,043

95,349

(68,306

)

27,043

Debt

Finance leases

(53,234

)

(47,955

)

(101,189

)

Debts falling due within 1 year

(176,667

)

-

(176,667

)

Debts falling due after 1 year

(306,666

)

176,666

(130,000

)

(536,567

)

128,711

(407,856

)

Total

(441,218

)

60,405

(380,813

)

1.	STATUTORY INFORMATION

Juice Stored Energy 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Juice Stored Energy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Ballawnan Ltd, .

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods is recognised on dispatch.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance and 20% on cost

Fixtures and fittings

-

25% on reducing balance and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

31/12/24

31/12/23

£

£

Wages and salaries

2,423,139

2,228,339

Social security costs

224,321

205,120

Other pension costs

43,587

40,725

2,691,047

2,474,184

The average number of employees during the year was as follows:

31/12/24

31/12/23

Office and management

9

4

Production and technical

68

76

Sales and marketing

5

2

82

82

31/12/24

31/12/23

£

£

Directors' remuneration

103,185

98,900

4.	OPERATING PROFIT

The operating profit is stated after charging:

31/12/24

31/12/23

£

£

Hire of plant and machinery

17,807

17,495

Depreciation - owned assets

339,218

291,882

Depreciation - assets on hire purchase contracts

13,099

2,537

Loss on disposal of fixed assets

-

13,188

Auditors' remuneration

5,000

5,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31/12/24

31/12/23

£

£

Bank interest

79

9

Bank loan interest

5,592

759

Hire purchase

7,309

-

Factoring charges

176,442

159,103

189,422

159,871

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31st December 2024 nor for the year ended 31st December 2023.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31/12/24

31/12/23

£

£

(Loss)/profit before tax

(77,187

)

376,945

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

(19,297

)

88,657

Effects of:

Expenses not deductible for tax purposes

1,074

7,673

Capital allowances in excess of depreciation

-

(96,720

)

Depreciation in excess of capital allowances

30,719

-

Utilisation of tax losses

(12,496

)

390

Total tax charge

-

-

7.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

1,690,940

132,185

4,293

57,789

1,885,207

Additions

225,863

2,917

-

661

229,441

At 31st December 2024

1,916,803

135,102

4,293

58,450

2,114,648

DEPRECIATION

At 1st January 2024

750,615

77,829

2,331

13,403

844,178

Charge for year

320,620

12,663

492

18,542

352,317

At 31st December 2024

1,071,235

90,492

2,823

31,945

1,196,495

NET BOOK VALUE

At 31st December 2024

845,568

44,610

1,470

26,505

918,153

At 31st December 2023

940,325

54,356

1,962

44,386

1,041,029

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st January 2024

and 31st December 2024

52,814

DEPRECIATION

At 1st January 2024

2,537

Charge for year

13,099

At 31st December 2024

15,636

NET BOOK VALUE

At 31st December 2024

37,178

At 31st December 2023

50,277

8.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

Additions

8,670

At 31st December 2024

8,670

NET BOOK VALUE

At 31st December 2024

8,670