Red Triangle Energy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08202131 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

Red Triangle Energy Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H M Allinson

REGISTERED OFFICE:

Evolution House

Iceni Court

Delft Way

Norwich

Norfolk

NR6 6BB

REGISTERED NUMBER:

08202131 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Property, plant and equipment

4

2,396

2,819

CURRENT ASSETS

Debtors

5

3,830

-

Cash at bank

8,400

283

12,230

283

CREDITORS

Amounts falling due within one year

6

15,922

18,968

NET CURRENT LIABILITIES

(3,692

)

(18,685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,296

)

(15,866

)

CREDITORS

Amounts falling due after more than one year

7

21,388

-

NET LIABILITIES

(22,684

)

(15,866

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(22,784

)

(15,966

)

SHAREHOLDERS' FUNDS

(22,684

)

(15,866

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 21 May 2021 and were signed by:

Mrs H M Allinson - Director

1.	STATUTORY INFORMATION

Red Triangle Energy 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.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2019

and 30 September 2020

440

6,655

3,644

10,739

DEPRECIATION

At 1 October 2019

440

3,836

3,644

7,920

Charge for year

-

423

-

423

At 30 September 2020

440

4,259

3,644

8,343

NET BOOK VALUE

At 30 September 2020

-

2,396

-

2,396

At 30 September 2019

-

2,819

-

2,819

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Directors' current accounts

2,731

-

VAT

825

-

Prepayments and accrued income

274

-

3,830

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

737

-

Trade creditors

5,093

4,628

Corporation tax

9,169

10,724

VAT

-

527

Other creditors

923

923

Directors' current accounts

-

2,166

15,922

18,968

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans - 1-2 years

4,425

-

Bank loans - 2-5 years

13,275

-

Bank loans more 5 yr by instal

3,688

-

21,388

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,688

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20

30.9.19

£

£

Mrs H M Allinson

Balance outstanding at start of year

(2,166

)

(4,596

)

Amounts advanced

18,640

21,019

Amounts repaid

(13,743

)

(18,589

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,731

(2,166

)

10.	RELATED PARTY DISCLOSURES

Included in Other Creditors is the balance of £923, owed to The Foreign Exchange Club Ltd at the year end.

The same balance of £923 was owed to The Foreign Exchange Club Ltd in the prior year.

Both companies are under common control.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H M Allinson.