STRONG ENERGY SOLUTIONS LIMITED

STRONG ENERGY SOLUTIONS LIMITED

STRONG ENERGY SOLUTIONS LIMITED - Company Information

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STRONG ENERGY SOLUTIONS LIMITED

Company Registration Number:
07062910 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

STRONG ENERGY SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

STRONG ENERGY SOLUTIONS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 0 400
Tangible assets: 4 0 1,628
Investments: 5 6,450,000 4,650,000
Total fixed assets: 6,450,000 4,652,028
Current assets
Stocks: 0 0
Debtors: 6 357,959 355,248
Cash at bank and in hand: 179,639 115,069
Investments:   223,000 223,000
Total current assets: 760,598 693,317
Creditors: amounts falling due within one year:   (528,872) (467,331)
Net current assets (liabilities): 231,726 225,986
Total assets less current liabilities: 6,681,726 4,878,014
Total net assets (liabilities): 6,681,726 4,878,014
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:7222,999222,999
Other reserves: 6,450,000 4,650,000
Profit and loss account: 8,627 4,915
Shareholders funds: 6,681,726 4,878,014

The notes form part of these financial statements

STRONG ENERGY SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 December 2017 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 25 October 2018
and signed on behalf of the board by:

Name: Fergal Murtagh
Status: Director

The notes form part of these financial statements

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 4 4

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Intangible Assets

Total
Cost £
At 01 January 2017 2,000
At 31 December 2017 2,000
Amortisation
At 01 January 2017 1,600
Charge for year 400
At 31 December 2017 2,000
Net book value
At 31 December 2017 0
At 31 December 2016 400

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Tangible Assets

Total
Cost £
At 01 January 2017 13,617
At 31 December 2017 13,617
Depreciation
At 01 January 2017 11,989
Charge for year 1,628
At 31 December 2017 13,617
Net book value
At 31 December 2017 0
At 31 December 2016 1,628

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Fixed investments

Independent valuation of joint venture. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

7. Revaluation reserve

2017
£
Balance at 01 January 2017 222,999
Surplus or deficit after revaluation 0
Balance at 31 December 2017 222,999

STRONG ENERGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

8. Related party transactions

Name of the related party: Chip Chip Holdings Ltd
Relationship:
Joint Venture
Description of the Transaction: A loan repayable on demand made to Chip Chip Holdings Ltd was still outstanding at the balance sheet date
£
Balance at 01 January 2017 214,856
Balance at 31 December 2017 115,156

During 2017 management charges of £620,000 (2016: £435,000) and £180,000 (2016: £45,000) were raised to Wood Energy Ltd and Chip Chip Ltd respectively.