Inclusive Energy Ltd Filleted Accounts Cover |
Company No. SC572953 | |||||||||
Inclusive Energy Ltd Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 August 2023. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
V. Bhopal | |||||||||
D. Gupta | |||||||||
J. Harnmeijer | (Resigned 9 December 2022) | ||||||||
G. Selby | |||||||||
N. Ved | |||||||||
Signed on behalf of the board | |||||||||
V. Bhopal | |||||||||
Director | |||||||||
23 November 2023 |
Inclusive Energy Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2023 | 2022 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Investments | 6 | |||||||||
Current assets | ||||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 8 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 9 | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Share premium account | 11 | |||||||||
Profit and loss account | 11 | ( | ( | |||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 23 November 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
V. Bhopal | ||||||||||
Director | ||||||||||
23 November 2023 |
Inclusive Energy Ltd Notes to the Accounts Registrar |
for the year ended 31 August 2023 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: SC572953 | ||||||||||||||
Its registered office is: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Research and development costs | ||||||||||||||
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line. | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Foreign currencies | ||||||||||||||
3 | Employees | |||||||||||||
2023 | 2022 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Patents and trade-marks | Develop-ment costs | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost | ||||||||||||||
At 1 September 2022 | ||||||||||||||
Additions | ||||||||||||||
At 31 August 2023 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
At 1 September 2022 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 August 2023 | ||||||||||||||
Net book values | ||||||||||||||
At 31 August 2023 | ||||||||||||||
At 31 August 2022 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
At 1 September 2022 | ||||||||||||||
Additions | ||||||||||||||
At 31 August 2023 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 September 2022 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 August 2023 | ||||||||||||||
Net book values | ||||||||||||||
At 31 August 2023 | ||||||||||||||
At 31 August 2022 | 4,245 | 13,183 | ||||||||||||
6 | Investments | |||||||||||||
Investment in Subsidiaries | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or valuation | ||||||||||||||
At 1 September 2022 | ||||||||||||||
Additions | ||||||||||||||
At 31 August 2023 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 August 2023 | ||||||||||||||
At 31 August 2022 | ||||||||||||||
Detail of subsidiary at 31 Aug 2023 is: | ||||||||||||||
Name of undertaking | Registered office | Class of shares held | % held direct | |||||||||||
Inclusive Energy (India) Private Limited | Duplex No-49 Ahalya hill Resort, Patharagadia Bhubaneshwar Khordha 751024 | Ordinary | 99.99% | |||||||||||
7 | Debtors | |||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
VAT recoverable | ||||||||||||||
Other debtors | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
9 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Other creditors | ||||||||||||||
10 | Share Capital | |||||||||||||
235,980 Ordinary shares of £0.001 each | ||||||||||||||
11 | Reserves | |||||||||||||