Recharge Energy Limited - Accounts to registrar (filleted) - small 18.2

Recharge Energy Limited - Accounts to registrar (filleted) - small 18.2

RECHARGE ENERGY LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.3.0.592 08372269 Board of Directors 1.2.17 31.1.18 31.1.18 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083722692017-01-31083722692018-01-31083722692017-02-012018-01-31083722692016-01-31083722692016-02-012017-01-31083722692017-01-3108372269ns15:EnglandWales2017-02-012018-01-3108372269ns14:PoundSterling2017-02-012018-01-3108372269ns10:Director12017-02-012018-01-3108372269ns10:PrivateLimitedCompanyLtd2017-02-012018-01-3108372269ns10:SmallEntities2017-02-012018-01-3108372269ns10:AuditExempt-NoAccountantsReport2017-02-012018-01-3108372269ns10:SmallCompaniesRegimeForDirectorsReport2017-02-012018-01-3108372269ns10:SmallCompaniesRegimeForAccounts2017-02-012018-01-3108372269ns10:FullAccounts2017-02-012018-01-3108372269ns10:OrdinaryShareClass12017-02-012018-01-3108372269ns10:Director22017-02-012018-01-3108372269ns10:Director32017-02-012018-01-3108372269ns10:RegisteredOffice2017-02-012018-01-3108372269ns5:CurrentFinancialInstruments2018-01-3108372269ns5:CurrentFinancialInstruments2017-01-3108372269ns5:ShareCapital2018-01-3108372269ns5:ShareCapital2017-01-3108372269ns5:RetainedEarningsAccumulatedLosses2018-01-3108372269ns5:RetainedEarningsAccumulatedLosses2017-01-3108372269ns10:OrdinaryShareClass12018-01-3108372269ns5:RetainedEarningsAccumulatedLosses2017-01-3108372269ns5:RetainedEarningsAccumulatedLosses2017-02-012018-01-31


REGISTERED NUMBER: 08372269 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2018

FOR

RECHARGE ENERGY LIMITED
Williams, Ashton & Anderson Limited
359 Yardley Road
Yardley
Birmingham
West Midlands
B25 8NB








RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RECHARGE ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: V R Aggarwal
Mrs A D Aggarwal
S P Aggarwal





REGISTERED OFFICE: 56 Oakham Road
Harborne
Birmingham
West Midlands
B17 9DG





REGISTERED NUMBER: 08372269 (England and Wales)





ACCOUNTANTS: Williams, Ashton & Anderson Limited
359 Yardley Road
Yardley
Birmingham
West Midlands
B25 8NB
1
RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269)

BALANCE SHEET
31 JANUARY 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 135,331 135,331

CURRENT ASSETS
Debtors 4 407 252
Cash at bank 18,424 15,368
18,831 15,620
CREDITORS
Amounts falling due within one year 5 153,017 151,956
NET CURRENT LIABILITIES (134,186 ) (136,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,145
(1,005
)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 1,045 (1,105 )
SHAREHOLDERS' FUNDS 1,145 (1,005 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 October 2018 and were signed on its
behalf by:





Mrs A D Aggarwal - Director


The notes form part of these financial statements

2
RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018


1. STATUTORY INFORMATION

Recharge Energy Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable from tenants which are due under the terms of their rental
agreement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

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.

Going concern
While the company has net current liabilities, the directors are confident in its ability to operate for the
twelve month period from the signing of this report. The liabilities of the company are solely related to
loans from both directors and shareholders, which were used to purchase the investment property in
2016. Although all the loans are repayable within one year or on demand, there is no intention for any
of the loans to be repaid until there are sufficient funds to do so.
It is therefore correct that the financial statements are prepared on a going concern basis.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017
and 31 January 2018 135,331
NET BOOK VALUE
At 31 January 2018 135,331
At 31 January 2017 135,331

The directors have valued the property at 31 January 2018 and are of the opinion that the fair value of
investment property included in the accounts is an accurate reflection based on current market values
of similar properties.

3 continued...
RECHARGE ENERGY LIMITED (REGISTERED NUMBER: 08372269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Prepayments 407 252

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Other loans 60,000 60,000
Tax 248 -
Directors' loan accounts 92,276 91,583
Accrued expenses 493 373
153,017 151,956

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.18 31.1.17
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 February 2017 (1,105 )
Profit for the year 2,150
At 31 January 2018 1,045

8. ULTIMATE CONTROLLING PARTY

The company is under the joint control of all three directors.

4