Company information
Contents
Page
Director's report 1
Accountants' report 2
Director's report
for the period ended 31 July 2008
The director presents herthis report and the financial statements for the period ended 31 July 2008.
Principal activity
The principal activity of the company is the installation of energy saving components to residential
premises.
Directors
The directors who served during the period is as stated below:
Garry Coulson 1 1
Samantha Fulker 1 1
This report is prepared in accordance with the special provisions of Part VII of the Companies Act
1985 relating to small companies.
This report was approved by the Board on 10 March 2009 and signed on its
behalf by
Garry Coulson
Director
Page 1
Saving Energy Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the
period ended 31 July 2008 set out on pages 3 to 9 and you consider that the company is exempt from an audit.
In accordance with your instructions we have compiled these unaudited financial statements, in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
Page 2
Saving Energy Limited
Year
ended
31/07/08
Notes £
Turnover 2 1,403,794
Profit on ordinary
activities before taxation 254,536
Page 3
Saving Energy Limited
Balance sheet
as at 31 July 2008
31/07/08
Notes £ £
Fixed assets
Tangible assets 7 77,089
Current assets
Stocks 12,000
Debtors 8 436,108
Cash at bank and in hand 30,193
478,301
Creditors: amounts falling
due within one year 9 (317,755)
The director's statements required by Section 249B(4) are shown on the following page which forms part of
this Balance Sheet.
Page 4
Saving Energy Limited
(a) that for the period stated above the company was entitled to the exemption conferred by Section 249A(1)
of the Companies Act 1985 ;
(b) that no notice has been deposited at the registered office of the company pursuant to Section 249B(2)
requesting that an audit be conducted for the period ended 31 July 2008 and
(1) ensuring that the company keeps accounting records which comply with Section 221, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of the financial period and of its profit or loss for the period then ended in accordance with the
requirements of Section 226 and which otherwise comply with the provisions of the Companies Act relating to
financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions of Part VII of the
Companies Act 1985 relating to small companies and in accordance with the Financial Reporting Standard for
Smaller Entities (effective January 2007).
The financial statements were approved by the Board on 10 March 2009 and signed on its
behalf by
Garry Coulson
Director
Page 5
Saving Energy Limited
1. Accounting policies
The financial statements are prepared under the historical cost convention and in accordance with
applicable accounting standards, and in accordance with the Financial Reporting Standard for Smaller
Entities (effective January 2007).
1.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.
1.5. Stock
Stock is valued at the lower of cost and net realisable value.
2. Turnover
The total turnover of the company for the period has been derived from its principal activity wholly
undertaken in the UK.
Year
ended
3. Operating profit 31/07/08
£
Operating profit is stated after charging:
Depreciation and other amounts written off tangible assets 13,606
Page 6
Saving Energy Limited
.................... continued
4. Directors' emoluments
Year
ended
31/07/08
£
Remuneration and other benefits 8,840
Year
ended
Analysis of charge in period 31/07/08
£
Current tax
UK corporation tax 45,114
6. Dividends
Page 7
Saving Energy Limited
.................... continued
Fixtures,
7. Tangible fixed assets Plant and fittings and
machinery equipment Total
£ £ £
Cost
Additions 79,221 11,474 90,695
At 31 July 2008 79,221 11,474 90,695
Depreciation
Charge for the period 11,883 1,723 13,606
At 31 July 2008 11,883 1,723 13,606
8. Debtors 31/07/08
£
Page 8
Saving Energy Limited
.................... continued
Equity Shares
2 Ordinary shares of £1 each 2
Page 9
Saving Energy Limited
Year
ended
31/07/08
£ £
Sales
Sales 1,403,794
1,403,794
Cost of sales
Purchases 465,224
Commissions payable 12,150
Carriage inwards 172
477,546
Interest receivable
Bank deposit interest 197
197
Bank interest 154
Interest on loans repayable
in less than 5 years 4,119
HP interest and fin. lease charges 1,732
(6,005)
Net profit for the period 254,536
Saving Energy Limited
Administrative expenses
for the period ended 31 July 2008
Year
ended
31/07/08
£
Administrative expenses
Wages and salaries 414,876
Directors' remuneration 8,840
Staff training 1,132
Rent payable 23,957
Rates 5,866
Insurance 8,778
Light and heat 985
Cleaning 2,454
Repairs and maintenance 18,187
Printing, postage and stationery 6,432
Advertising 1,509
Telephone 13,651
Hire of equipment 6,678
Van Hire 54,486
Motor expenses 54,399
Guarantee's 6,411
Travelling and entertainment 16,850
Legal and professional 5,100
Accountancy 3,237
Bank charges 8,663
Protective clothing 2,082
General expenses 1,486
Depreciation on plant and machinery 11,883
Depreciation on fixtures & equipment 1,723
679,665