Registered Number
:
09812753
|
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2019
Nabuh Energy Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Nabuh Energy Limited
Statement of Financial Position
2018
2019
45,000
52,500
2
Property
,
plant and equipment
|
224,405
186,849
3
269,405
239,349
2,323
22,270
4
Trade and other receivables
|
523,107
7,147,899
5
137,963
Cash and cash equivalents
|
26,847
7,197,016
663,393
Trade and other payables
:
amounts falling due within one
|
year
|
(2,156,313)
(9,852,583)
6
(1,492,920)
(2,655,567)
Net current liabilities
Total assets less current liabilities
|
(2,386,162)
(1,253,571)
Trade and other payables
:
amounts falling due after more
|
than one year
|
(799)
(5,932,094)
7
(8,318,256)
Net liabilities
(1,254,370)
100
100
(8,318,356)
(3,453,985)
-
2,199,515
(8,318,256)
(1,254,370)
Shareholders' funds
For the year ended 31 December 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 December 2019
Nabuh Energy Limited
Statement of Financial Position Continued
Klaus Michael Bach Director
|
These financial statements were approved and authorised for issue by the Board on 30 July 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2019
Nabuh Energy Limited
Notes to the Financial Statements
Statutory Information
Nabuh Energy Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
09812753
.
|
2 Pinfold Street
Sheffield
S1 2GU
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Subsequent to the year end Covid
19
has resulted in a global pandemic affecting trading businesses globally and
|
within the UK
.
The speed and severity of the impact has been unprecedented and although there is uncertainty of
|
the effects of Covid
19
the business performed slightly below expectation in the early stages of the virus but is now
|
back to projected levels and trading in line with targets set earlier in the year
.
|
The company is supported by loans from the majority shareholder
.
The shareholder has confirmed both that these
|
loans will not be recalled within the next
12
months but also that funds will be made available as required for the
|
entity to continue to pay debts as they fall due
.
Therefore despite the net liabilities of £
8
,
318
,
256
and net current
|
liabilities of £
2
,
386
,
162
,
at the time of approving the financial statements
,
the directors have a reasonable
|
expectation that the company has adequate resources to continue in operational existence for the foreseeable
|
future
.
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial
|
statements
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Revenue includes an estimate of the value of energy supplied to customers based on company specific industry settlement data and estimates of customer use since the last meter read data. The industry settlement data is the estimated quantity the industry operator deems the individual suppliers including the company have supplied. This is an industry standard in quantifying usage and associated sales.
|
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For the year ended 31 December 2019
Nabuh Energy Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
75,000
75,000
22,500
7,500
Charge for year
30,000
45,000
52,500
3
.
Property
,
plant and equipment
|
222,343
11,119
31,472
-
179,752
89,785
36,714
7,826
4,200
41,045
4,200
39,298
47,833
312,128
220,797
Provision for depreciation and impairment
|
35,494
2,097
8,994
-
24,403
Charge for year
52,229
6,477
4,539
582
40,631
87,723
8,574
13,533
582
65,034
155,763
3,618
25,765
39,259
224,405
155,349
-
22,478
9,022
186,849
2018
2019
22,270
2,323
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For the year ended 31 December 2019
Nabuh Energy Limited
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2018
2019
2,891,930
315,863
4,255,969
207,244
523,107
7,147,899
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
5,423,693
1,030,484
Taxation and social security
|
29,412
9,970
4,399,478
1,115,859
9,852,583
2,156,313
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
5,932,094
799
8
.
Average number of persons employed
|
During the year the average number of employees was 102 (2018 : 21)
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