ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

EDGE ENERGY PERFORMANCE COMPANY LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-06-302021-06-3012020-07-01trueNo description of principal activitytruetrue 9080644 2020-07-01 2021-06-30 9080644 2019-07-01 2020-06-30 9080644 2021-06-30 9080644 2020-06-30 9080644 c:Director1 2020-07-01 2021-06-30 9080644 d:OfficeEquipment 2020-07-01 2021-06-30 9080644 d:OfficeEquipment 2021-06-30 9080644 d:OfficeEquipment 2020-06-30 9080644 d:CurrentFinancialInstruments 2021-06-30 9080644 d:CurrentFinancialInstruments 2020-06-30 9080644 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 9080644 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-30 9080644 d:ShareCapital 2021-06-30 9080644 d:ShareCapital 2020-06-30 9080644 d:RetainedEarningsAccumulatedLosses 2021-06-30 9080644 d:RetainedEarningsAccumulatedLosses 2020-06-30 9080644 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-06-30 9080644 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-06-30 9080644 c:EntityHasNeverTraded 2020-07-01 2021-06-30 9080644 c:FRS102 2020-07-01 2021-06-30 9080644 c:AuditExempt-NoAccountantsReport 2020-07-01 2021-06-30 9080644 c:FullAccounts 2020-07-01 2021-06-30 9080644 c:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30 iso4217:GBP xbrli:pure

Registered number: 9080644









PELLI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2021
 
PELLI LIMITED
REGISTERED NUMBER: 9080644

BALANCE SHEET
AS AT 30 JUNE 2021

2021
2020
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
-
51

  
-
51

Creditors: amounts falling due within one year
 5 
(2,887)
(2,488)

Net current liabilities
  
 
 
(2,887)
 
 
(2,437)

Total assets less current liabilities
  
(2,887)
(2,437)

  

Net liabilities
  
(2,887)
(2,437)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(2,889)
(2,439)

  
(2,887)
(2,437)


For the year ended 30 June 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dave Whyte
Director

Date: 15 February 2022
Page 1
 
PELLI LIMITED
REGISTERED NUMBER: 9080644
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2021


The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
PELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

1.


General information

Pelli Limited (company number 9080644) is a private company limited by shares, registered in England and Wales. Its registered office is at Bushbury House, 435 Wilmslow Road, Withington, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
Page 3
 
PELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

2.Accounting policies (continued)


2.6
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2020
2,510



At 30 June 2021

2,510



Depreciation


At 1 July 2020
2,510



At 30 June 2021

2,510



Net book value



At 30 June 2021
-



At 30 June 2020
-

Page 4
 
PELLI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

4.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
-
51

Less: bank overdrafts
(39)
-

(39)
51



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
39
-

Other creditors
2,020
2,020

Accruals and deferred income
828
468

2,887
2,488



6.


Financial instruments

2021
2020
£
£

Financial assets


Financial assets measured at fair value through profit or loss
-
51




Financial assets measured at fair value through profit or loss comprise of cash at bank.


7.


Related party transactions

At 30 June 2021 the company owed £2,020 (2020: £2,020) to the directors. No interest has been charged on the loan which is repayable on demand and classifed in debtors due within one year.

 
Page 5