Abbreviated Company Accounts - SIMPLE ENERGY LIMITED

SIMPLE ENERGY LIMITED - Company Information

09249540 SIMPLE ENERGY LIMITED 2015-08-31 false 2014-10-06 2015-08-31 true 09249540 2014-10-06 2015-08-31 09249540 2015-08-31 09249540 uk-gaap-cd-bus:Director1 2014-10-06 2015-08-31 09249540 uk-gaap-cd-bus:Director2 2014-10-06 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-06 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-06 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-31 iso4217:GBP shares

Registered Number 09249540

SIMPLE ENERGY LIMITED

Abbreviated Accounts

31 August 2015

SIMPLE ENERGY LIMITED Registered Number 09249540

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015
		£
Fixed assets
Intangible assets	2	35,688
Tangible assets	3	7,034
Investments	4	100
		42,822
Current assets
Debtors		15,883
Cash at bank and in hand		881,553
		897,436
Creditors: amounts falling due within one year		(1,568)
Net current assets (liabilities)		895,868
Total assets less current liabilities		938,690
Total net assets (liabilities)		938,690
Capital and reserves
Called up share capital	5	110,500
Share premium account		1,089,500
Profit and loss account		(261,310)
Shareholders' funds		938,690

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 May 2016

And signed on their behalf by:
A Gudka, Director

SIMPLE ENERGY LIMITED Registered Number 09249540

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the period has been derived from its principal activities.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment: 25% on reducing balance basis
Fixtures and fittings: 25% on reducing balance basis

Intangible assets amortisation policy
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
System development: 10% on straight line basis

Other accounting policies
Taxation
The charge for taxation is based on the loss for the period and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

2Intangible fixed assets

	£
Cost
Additions	36,285
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	36,285
Amortisation
Charge for the year	597
On disposals	-
At 31 August 2015	597
Net book values
At 31 August 2015	35,688

3Tangible fixed assets

	£
Cost
Additions	7,218
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	7,218
Depreciation
Charge for the year	184
On disposals	-
At 31 August 2015	184
Net book values
At 31 August 2015	7,034

4Fixed assets Investments
100% of share capital of Bulb Energy Ltd

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
500 A Ordinary shares of £1 each	500
110,000 B Ordinary shares of £1 each	110,000

On 6 October 2014, the company was incorporated with 2 Ordinary shares at £1.00 each.

On 23 February 2015, there was a change of share class designation of 2 Ordinary shares at £1.00 each into 2 B Ordinary shares at £1.00 each.

On 23 February 2015, there was an allotment of 500 A Ordinary shares at £1.00 each and and allotment of 4,998 B Ordinary shares at £1.00 each, resulting in a share premium of £144,500.

On 21 July 2015, there was an allotment of 105,000 B Ordinary shares at £1.00 each, resulting in a share premium of £945,000.