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REGISTERED NUMBER:
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ENERGY DESTINATIONS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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REGISTERED NUMBER:
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ENERGY DESTINATIONS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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ENERGY DESTINATIONS LIMITED (REGISTERED NUMBER: 09800267) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 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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Chartered Accountants' Report | 6 |
ENERGY DESTINATIONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants and Tax Advisors |
4th & 5th Floor |
14-15 Lower Grosvenor Place |
London |
SW1W 0EX |
ENERGY DESTINATIONS LIMITED (REGISTERED NUMBER: 09800267) |
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BALANCE SHEET |
30 SEPTEMBER 2018 |
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30.9.18 | 30.9.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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 director acknowledges her 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 Profit and loss account has not been delivered. |
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The financial statements were approved by the director on
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ENERGY DESTINATIONS LIMITED (REGISTERED NUMBER: 09800267) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Energy Destinations Limited is a
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company's 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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The company meets its day-to-day working capital requirements through its bank facilities. The company's forecasts |
and projections, taking account of reasonably possible changes in trading performance, show that the company |
should be able to operate within the level of its current facilities. After making enquiries, the director has a |
reasonable expectation that the company has adequate resources to continue in operational existence for the |
foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial |
statements. |
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Turnover |
Turnover comprises the rendering of services in the ordinary course of the company's activity. Turnover is presented |
net of value-added tax. The company recognises turnover when the amount of revenue and related costs can be |
reliably measured, it is probable that the collectability of the related receivables is reasonably assured. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment |
losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and |
condition necessary for it to be capable of operating in the manner intended by management. |
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Financial instruments |
a) Debtors |
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the |
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future |
receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the |
effective interest method, less any impairment. |
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b) Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and |
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and |
that are readily convertible to known amounts of cash with insignificant risk of change in value. |
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c) Creditors |
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, |
are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the |
debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Such instruments are subsequently carried at amortised cost using the effective interest method, less any |
impairment. |
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d) Interest income |
Interest income is recognised in profit or loss using the effective interest method. |
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ENERGY DESTINATIONS LIMITED (REGISTERED NUMBER: 09800267) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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Pension costs |
The company makes payments into the personal pension schemes of staff. The assets of the schemes are held |
separately from those of the company in independently administered funds. The pension costs represent |
contributions payable by the company to those funds. The company has no liability under the schemes other than for |
the payment of those contributions. |
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Contributions outstanding at the balance sheet date amounted to £nil. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 October 2017 |
and 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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ENERGY DESTINATIONS LIMITED (REGISTERED NUMBER: 09800267) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 30.9.17 |
£ | £ |
Trade debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 30.9.17 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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At the reporting date, the company owed the director £1,307 (2017- £110). The amount is unsecured, interest free |
and repayable on demand. |
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8. | ULTIMATE CONTROLLING PARTY |
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At the reporting date, in the opinion of the director, there is no ultimate single individual controlling party. There has |
been no change between the reporting date and date of approval of the financial statements. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ENERGY DESTINATIONS LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Energy Destinations Limited for the year ended 30 September 2018 which comprise the Profit and loss |
account, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Energy Destinations Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Energy Destinations Limited and state those matters that we have agreed to state to the director of Energy Destinations Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Energy Destinations Limited and its director for our work or for this report. |
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It is your duty to ensure that Energy Destinations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Energy Destinations Limited. You consider that Energy Destinations Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Energy Destinations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants and Tax Advisors |
4th & 5th Floor |
14-15 Lower Grosvenor Place |
London |
SW1W 0EX |
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