REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 25 NOVEMBER 2021 TO 30 NOVEMBER 2022 |
FOR |
BADGER ENERGY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 25 NOVEMBER 2021 TO 30 NOVEMBER 2022 |
FOR |
BADGER ENERGY LIMITED |
BADGER ENERGY LIMITED (REGISTERED NUMBER: 13764655) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 25 November 2021 to 30 November 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BADGER ENERGY LIMITED |
COMPANY INFORMATION |
for the Period 25 November 2021 to 30 November 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2nd Floor, Boulton House |
17-21 Chorlton Street |
Manchester |
M1 3HY |
BADGER ENERGY LIMITED (REGISTERED NUMBER: 13764655) |
BALANCE SHEET |
30 November 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BADGER ENERGY LIMITED (REGISTERED NUMBER: 13764655) |
BALANCE SHEET - continued |
30 November 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BADGER ENERGY LIMITED (REGISTERED NUMBER: 13764655) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 25 November 2021 to 30 November 2022 |
1. | STATUTORY INFORMATION |
Badger Energy Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Development costs are initially measured at cost. |
During the development phase of projects, development costs will be measured at cost less any accumulated impairment losses. Once the development phase is completed, development costs will be measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Amortisation will be provided so as to write off each asset over its estimated useful life. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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 period end and that are expected to apply to the reversal of the timing difference. |
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. |
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. |
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. |
BADGER ENERGY LIMITED (REGISTERED NUMBER: 13764655) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 25 November 2021 to 30 November 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Development |
costs |
£ |
COST |
Additions |
At 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
Tax |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Social security and other taxes |
VAT | 1,616 |
Other creditors |
Wages control | 252 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Director's loan account | 508,015 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Between one and five years |
BADGER ENERGY LIMITED (REGISTERED NUMBER: 13764655) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 25 November 2021 to 30 November 2022 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1,000 |
1,000 Ordinary shares of £1 each were allotted and fully paid for |
10. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
At 30 November 2022 |