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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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AFFECT ENERGY LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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FOR |
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AFFECT ENERGY LTD |
AFFECT ENERGY LTD (REGISTERED NUMBER: 09263368) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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AFFECT ENERGY LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
AFFECT ENERGY LTD (REGISTERED NUMBER: 09263368) |
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BALANCE SHEET |
31 MARCH 2018 |
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2018 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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AFFECT ENERGY LTD (REGISTERED NUMBER: 09263368) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Affect Energy Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to |
consideration. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Leasehold Improvements to prop erty | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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Presentation currency |
The accounts are presented in the companies functional currency of Great British Pounds (£) |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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AFFECT ENERGY LTD (REGISTERED NUMBER: 09263368) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill | Website | Totals |
£ | £ | £ |
COST |
At 1 November 2016 |
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Additions |
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At 31 March 2018 |
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AMORTISATION |
At 1 November 2016 |
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Amortisation for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 October 2016 |
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5. | TANGIBLE FIXED ASSETS |
Leasehold |
Improvements | Fixtures |
to prop | and | Motor | Computer |
erty | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2016 |
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Additions |
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At 31 March 2018 |
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DEPRECIATION |
At 1 November 2016 |
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Charge for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 October 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2016 |
£ | £ |
Other debtors |
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Supplier deposits | 2,680,871 | 163,402 |
Directors' current accounts | - | 3 |
VAT |
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Accrued income |
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Prepayments |
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AFFECT ENERGY LTD (REGISTERED NUMBER: 09263368) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2016 TO 31 MARCH 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2016 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Deferred income |
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Accrued expenses |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2016 |
£ | £ |
Hire purchase contracts |
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Other creditors |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 31 March 2018 and the year |
ended 31 October 2016: |
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2018 | 2016 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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This balance represented the maximum amount outstanding during the year and the loan is interest free and |
repayable on demand. |
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10. | POST BALANCE SHEET EVENTS |
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On 31 August 2018, the sole shareholder sold his shares in Affect Energy Ltd. The shares were purchased by |
Octopus Energy Limited, who now hold 100% of the issued share capital. |
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On the same date, J Szymik resigned as a director and S K Jackson was appointed a director. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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