Registration number:
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Effortless Energy Ltd
Contents
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Effortless Energy Ltd
(Registration number: 08711077)
Abbreviated Balance Sheet at 30 September 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
1
Effortless Energy Ltd
(Registration number: 08711077)
Abbreviated Balance Sheet at 30 September 2016
......... continued
Approved by the Board on
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Mr A Burns
Director
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Mrs M Burns
Director
2
Effortless Energy Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Government grants
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Financial instruments
Effortless Energy Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 October 2015 |
2,030 |
2,030 |
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Additions |
583 |
583 |
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At 30 September 2016 |
2,613 |
2,613 |
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Depreciation |
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At 1 October 2015 |
613 |
613 |
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Charge for the year |
523 |
523 |
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At 30 September 2016 |
1,136 |
1,136 |
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Net book value |
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At 30 September 2016 |
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At 30 September 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Effortless Energy Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mrs M Burns |
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( |
- |
(15,376) |
- |
|
( |
- |
(8,467) |
- |
|
( |
- |
(284) |
- |
|
|
- |
- |
- |
|
- |
- |
(1,180) |
- |
|
|
- |
- |
- |
|
( |
- |
- |
- |
|
- |
- |
- |
- |
(33,571) |
- |
(25,307) |
- |
|
Mr A Burns |
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|
( |
- |
(15,376) |
- |
|
( |
- |
(8,468) |
- |
|
|
- |
- |
- |
|
- |
- |
(284) |
- |
|
|
- |
- |
- |
|
( |
- |
- |
- |
(32,716) |
- |
(24,128) |
- |
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Going concern |
The accounts have been prepared on a going concern basis. The company made a profit in the year and sales significantly increased. The directors expect the results to improve further next year and will continue to support the company in the foreseeable future.