Saba Energy Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08088659 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2020

for

Saba Energy Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Bracegirdle

K Bracegirdle

REGISTERED OFFICE:

10 Portland Business Centre

Manor House Lane

Datchet

Berkshire

SL3 9EG

REGISTERED NUMBER:

08088659 (England and Wales)

ACCOUNTANTS:

R A McLeod and Co

Chartered Accountants

10 Portland Business Centre

Manor House Lane

Datchet

Berkshire

SL3 9EG

FIXED ASSETS

Tangible assets

4

468

485

CURRENT ASSETS

Debtors

5

68,000

2,000

Cash at bank

70,241

81,393

138,241

83,393

CREDITORS

Amounts falling due within one year

6

32,314

1,185

NET CURRENT ASSETS

105,927

82,208

TOTAL ASSETS LESS CURRENT LIABILITIES

106,395

82,693

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

106,375

82,673

SHAREHOLDERS' FUNDS

106,395

82,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2020 and were signed on its behalf by:

J Bracegirdle - Director

1.	STATUTORY INFORMATION

Saba Energy Consulting Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2019

771

1,325

2,096

Additions

-

149

149

At 31 May 2020

771

1,474

2,245

DEPRECIATION

At 1 June 2019

555

1,056

1,611

Charge for year

54

112

166

At 31 May 2020

609

1,168

1,777

NET BOOK VALUE

At 31 May 2020

162

306

468

At 31 May 2019

216

269

485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

18,000

-

Benu Renewables Ltd loan

50,000

2,000

68,000

2,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

12,480

-

Tax

10,325

71

VAT

8,395

-

Accrued expenses

1,114

1,114

32,314

1,185

7.	RELATED PARTY DISCLOSURES

The directors, Mr J Bracegirdle and Mrs K Bracegirdle, hold 75% and 25% of the issued share capital of the

company, respectively.