GRIDSERVE ELECTRIC HUBS LIMITED

GRIDSERVE ELECTRIC HUBS LIMITED

GRIDSERVE ELECTRIC HUBS LIMITED - Company Information

Print Friendly Version

GRIDSERVE ELECTRIC HUBS LIMITED

Company Registration Number:
12472975 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

GRIDSERVE ELECTRIC HUBS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

GRIDSERVE ELECTRIC HUBS LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 2,407,968 0
Total fixed assets: 2,407,968 0
Current assets
Debtors:   51,597 1,000
Cash at bank and in hand: 27,157
Total current assets: 78,754 1,000
Creditors: amounts falling due within one year: 4 (2,016,371)
Net current assets (liabilities): (1,937,617) 1,000
Total assets less current liabilities: 470,351 1,000
Creditors: amounts falling due after more than one year: 5 (473,388)
Total net assets (liabilities): (3,037) 1,000
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (4,037)
Shareholders funds: (3,037) 1,000

The notes form part of these financial statements

GRIDSERVE ELECTRIC HUBS LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Jeremy Cross
Status: Director

The notes form part of these financial statements

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes. Supply of EnergyRevenue from the supply of energy is recognised at the point in time the customer obtains control of the energy, which is generally at the time of consumption.

Tangible fixed assets and depreciation policy

Property, plant and equipment is stated at historical cost less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.Development costs are classified as assets under construction and stated at cost. They are reclassified and depreciated once the developments are complete. Depreciation is calculated to write off the net cost of each item of property, plant and equipment (excluding land) over their expected useful lives as follows: Plant and machinery - Depreciated over 15 years The residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each reporting date. An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the Company. Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss.

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 0
Additions 2,426,501
At 31 December 2022 2,426,501
Depreciation
At 01 January 2022 0
Charge for year 18,533
At 31 December 2022 18,533
Net book value
At 31 December 2022 2,407,968
At 31 December 2021 0

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

Amounts falling due within one year comprise trade and other creditors, short-term lease liabilities recognised under IFRS 16, amounts owing to the GRIDSERVE Group and accruals.

GRIDSERVE ELECTRIC HUBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due after more than one year note

Amounts falling due after one year comprise of amounts payable under land leases recognised under IFRS 16.