DERWENT ENERGY SERVICES LTD Accounts filed on 31-03-2014

DERWENT ENERGY SERVICES LTD - Company Information

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DERWENT ENERGY SERVICES LTD

Company Registration Number:
07067835 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01st November 2013

End date: 31st March 2014

SUBMITTED

Contents of the Financial Statements
for the Period Ended 31st March 2014


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Company Information
for the Period Ended 31st March 2014

Director:		Nicholas James Gant
		Jennifer Leigh Longstreet Gant






Registered office:		Jasmine Cottage Rowland


		Bakewell
		Derbyshire
		DE45 1NR
		GB-ENG



Company Registration Number:		07067835 (England and Wales)

Directors' Report Period Ended 31st March 2014

The directors present their report with the financial statements of the company for the period ended 31st March 2014

Principal activities
The principal activity of the company in the period under review was:
Power engineer.

Directors
The directors shown below have held office during the whole of the period from
01st November 2013 to 31st March 2014
Nicholas James Gant

The director(s) shown below were appointed to the company during the period
Jennifer Leigh Longstreet Gant on 26 March 2014

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 15 December 2014
And Signed On Behalf Of The Board By:

Name: Nicholas James Gant
Status: Director

Profit and Loss Account

for the Period Ended 31st March 2014

	Notes	2014 £	2013 £
Turnover:	2	44,689	180,376
Cost of sales:		5	700
Gross profit or (loss):		44,684	179,676
Administrative expenses:	4, 5	10,659	26,451
Operating profit or (loss):	3	34,025	153,225
Profit or (loss) on ordinary activities before taxation:		34,025	153,225
Tax on profit or (loss) on ordinary activities:	6	6,782	30,579
Profit or (loss) for the financial year:		27,243	122,646

The notes form part of these financial statements

Statement of total recognised gains and losses
31st March 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

Balance sheet
As at 31st March 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	8	1,936	1,821
Total fixed assets:		1,936	1,821
Current assets
Debtors:	9	17,182	2,201
Cash at bank and in hand:		18,266	42,050
Total current assets:		35,448	44,251
Creditors: amounts falling due within one year	10	37,017	32,948
Net current assets (liabilities):		( 1,569 )	11,303
Total assets less current liabilities:		367	13,124
Total net assets (liabilities):		367	13,124

The notes form part of these financial statements

Balance sheet
As at 31st March 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	11	100	100
Profit and Loss account:	12	267	13,024
Total shareholders funds:		367	13,124

For the year ending 31 March 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 December 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Nicholas James Gant
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements
for the Period Ended 31st March 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents the invoiced value of goods and services supplied by the company, net of VAT.

Tangible fixed assets depreciation policy

Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives as follows: Furniture and equipment 20% reducing balance

Other accounting policies

Foreign currencies Transactions in foreign currencies are translated at the rates ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Notes to the Financial Statements
for the Period Ended 31st March 2014

2 . Turnover

Turnover attributable to geographical markets outside the UK was 88% (2013: 100%).

Notes to the Financial Statements
for the Period Ended 31st March 2014

3 . Operating profit or (loss)

Operating profit or (loss) before tax as stated after charging the following.

	2014	2013
	£	£
Depreciation - owned assets:	176	455

Notes to the Financial Statements
for the Period Ended 31st March 2014

4 . Directors' remuneration

	2014	2013
	£	£
Directors' remuneration:	3,375	8,663
TOTAL:	3,375	8,663

Notes to the Financial Statements
for the Period Ended 31st March 2014

5. Employees

	2014	2013
	£	£
Wages and salaries:	3,375	8,663
Total staff costs:	3,375	8,663
Average number of employees including directors during the period:	1	1

Notes to the Financial Statements
for the Period Ended 31st March 2014

6. Taxation

The tax charge on the profit on ordinary activities for the period was as follows:

	2014	2013
	£	£
UK Corporation Tax:	6,782	30,579
Tax on profit or (loss) on ordinary activities:	6,782	30,579

Profit or (loss) on ordinary activities before taxation:	34,025	153,225
Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable:	6,805	30,645
Expense not deductable for tax purposes:	35	102
Accelerated capital allowances:	58	168
Current tax charge or (credit):	6,782	30,579

Notes to the Financial Statements
for the Period Ended 31st March 2014

7. Dividends

	2014	2013
	£	£
Dividends paid on ordinary shares:	40,000	110,000
Total dividends paid:	40,000	110,000

Notes to the Financial Statements
for the Period Ended 31st March 2014

8. Tangible assets

	Land and buildings	Plant Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
At 01st November 2013:	-	-	-	6,976	-	6,976
Additions:	-	-	-	291	-	291
At 31st March 2014:	-	-	-	7,267	-	7,267
Depreciation
At 01st November 2013:	-	-	-	5,155	-	5,155
Charge for year:	-	-	-	176	-	176
At 31st March 2014:	-	-	-	5,331	-	5,331
Net book value
At 31st March 2014:	-	-	-	1,936	-	1,936
At 31st October 2013:	-	-	-	1,821	-	1,821

Notes to the Financial Statements
for the Period Ended 31st March 2014

9. Debtors

	2014	2013
	£	£
Trade debtors:	0	1,896
Other debtors:	17,182	305
Total:	17,182	2,201

Other debtors represents director's advances made by the company.

Notes to the Financial Statements
for the Period Ended 31st March 2014

10. Creditors: amounts falling due within one year

	2014	2013
	£	£
Taxation and social security:	37,017	30,012
Other creditors:	0	2,936
Total:	37,017	32,948

Notes to the Financial Statements
for the Period Ended 31st March 2014

11. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Notes to the Financial Statements
for the Period Ended 31st March 2014

12. Profit and loss account

	2014	2013
	£	£
Opening balance:	13,024	378
Profit or (loss) for the period:	27,243	122,646
Equity dividends paid:	40,000	110,000
Retained profit:	267	13,024

Notes to the Financial Statements
for the Period Ended 31st March 2014

13. Related party disclosures

Name of the ultimate controlling party during the period:	Nicholas James Gant

Notes to the Financial Statements
for the Period Ended 31st March 2014

14 . Transactions with directors


Name of director receiving advance or credit:	Nicholas James Gant
Description of the transaction:	Advance
Balance at 01st November 2013:	0
Advances or credits made:	8,591
Balance at 31st March 2014:	8,591

Name of director receiving advance or credit:	Jennifer Leigh Longstreet Gant
Description of the transaction:	Advance
Balance at 01st November 2013:	0
Advances or credits made:	8,591
Balance at 31st March 2014:	8,591

DERWENT ENERGY SERVICES LTD Accounts filed on 31-03-2014