Energy and Utilities Alliance (EUA) - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10461234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ENERGY AND UTILITIES ALLIANCE (EUA)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Foster

S A Clements

Mrs D J Mitchell

SECRETARY:

Mrs S Houghton

REGISTERED OFFICE:

Camden House

Warwick Road

Kenilworth

Warwickshire

CV8 1TH

REGISTERED NUMBER:

10461234 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

4

1,206,772

1,228,814

Investments

5

251,835

815,741

1,458,607

2,044,555

CURRENT ASSETS

Debtors

6

777,237

753,136

Cash at bank

1,362,084

1,034,373

2,139,321

1,787,509

CREDITORS

Amounts falling due within one year

7

1,662,658

1,846,652

NET CURRENT ASSETS/(LIABILITIES)

476,663

(59,143

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,935,270

1,985,412

PROVISIONS FOR LIABILITIES

53,000

73,000

NET ASSETS

1,882,270

1,912,412

RESERVES

General Reserve

8

1,882,270

1,912,412

1,882,270

1,912,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 surplus or deficit 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 21 March 2024 and were signed on its behalf by:

S A Clements - Director

M J Foster - Director

1.	STATUTORY INFORMATION

Energy and Utilities Alliance (EUA) is a private company, limited by guarantee , 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 as modified by the revaluation of certain assets.

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.

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 23 (2022 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 January 2023

1,361,556

200,071

1,561,627

Additions

-

2,999

2,999

Disposals

-

(15,866

)

(15,866

)

At 31 December 2023

1,361,556

187,204

1,548,760

DEPRECIATION

At 1 January 2023

182,451

150,362

332,813

Charge for year

13,615

11,342

24,957

Eliminated on disposal

-

(15,782

)

(15,782

)

At 31 December 2023

196,066

145,922

341,988

NET BOOK VALUE

At 31 December 2023

1,165,490

41,282

1,206,772

At 31 December 2022

1,179,105

49,709

1,228,814

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2023

815,741

Disposals

(582,081

)

Revaluations

18,175

At 31 December 2023

251,835

NET BOOK VALUE

At 31 December 2023

251,835

At 31 December 2022

815,741

Cost or valuation at 31 December 2023 is represented by:

Other

investments

£

Valuation in 2023

251,835

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

680,000

709,851

Prepayments and accrued income

97,237

43,285

777,237

753,136

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

7,876

44,093

Tax

14,000

-

Social security and other taxes

30,004

26,764

VAT

235,982

249,912

Other creditors

12,643

9,417

Accruals and deferred income

109,739

124,618

Subscriptions in advance

1,252,414

1,391,848

1,662,658

1,846,652

8.

RESERVES

General

Reserve

£

At 1 January 2023

1,912,412

Deficit for the year

(30,142

)

At 31 December 2023

1,882,270