Registration number 6298898

Saving Energy Limited

Director's report and financial statements

for the period ended 31 July 2008

 Saving Energy Limited

Company information

Directors Garry Coulson

Samantha Fulker

Company number 6298898

Registered office 19 Oban Court

Shotgate Industrial Park
Wickford
Essex
SS11 8YB

Accountants Peter Weldon & Co Ltd

87 Station Road
Ashington
Northumberland
NE63 8RS

Business address 19 Oban Court

Shotgate Industrial Park
Wickford
Essex
SS11 8YB
 Saving Energy Limited

Contents

Page

Director's report 1

Accountants' report 2

Profit and loss account 3

Balance sheet 4-5

Notes to the financial statements 6-9

 Saving Energy Limited

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.

Incorporation and change of name

The company was incorporated on 2 July 2007 as Saving Energy Limited. The company commenced
trade on 3 August 2007.

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

Accountants' report on the unaudited financial statements to the director of

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.

Peter Weldon & Co Ltd

Chartered Accountants
87 Station Road
Ashington
Northumberland
NE63 8RS

Date: 10 March 2009

Page 2
 Saving Energy Limited

Profit and loss account

for the period ended 31 July 2008

Year
ended
31/07/08

Notes £

Turnover 2 1,403,794

Cost of sales (465,546)

Gross profit 938,248

Administrative expenses (679,665)

Other operating income 1,761

Operating profit 3 260,344

Other interest receivable and

similar income 197
Interest payable and similar charges (6,005)

Profit on ordinary
activities before taxation 254,536

Tax on profit on ordinary activities 5 (45,114)

Profit for the period 209,422

Reserve Movements (58,000)

Retained profit carried forward 151,422

The notes on pages 6 to 9 form an integral part of these financial statements.

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)

Net current assets 160,546

Total assets less current
liabilities 237,635
Creditors: amounts falling due
after more than one year 10 (86,211)

Net assets 151,424

Capital and reserves

Called up share capital 11 2
Profit and loss account 151,422

Shareholders' funds 151,424

The director's statements required by Section 249B(4) are shown on the following page which forms part of
this Balance Sheet.

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 4
 Saving Energy Limited

Balance sheet (continued)

Director's statements required by Section 249B(4)

for the period ended 31 July 2008

In approving these financial statements as director of the company I hereby confirm:

(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

(c) that I acknowledge my responsibilities for:

(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

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 5
 Saving Energy Limited

Notes to the financial statements

for the period ended 31 July 2008

1. Accounting policies

1.1. Accounting convention

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.

1.3. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:

Plant and machinery - 15% reducing balance

Fixtures, fittings
and equipment - 15% reducing balance

1.4. Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and
depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements
are included in creditors net of the finance charge allocated to future periods. The finance element of
the rental payment is charged to the profit and loss account so as to produce constant periodic rates of
charge on the net obligations outstanding in each period.

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

Notes to the financial statements

for the period ended 31 July 2008

.................... continued

4. Directors' emoluments

Year
ended
31/07/08
£
Remuneration and other benefits 8,840

5. Tax on profit on ordinary activities

Year
ended
Analysis of charge in period 31/07/08
£
Current tax
UK corporation tax 45,114

6. Dividends

Dividends paid and proposed on equity shares

Year
ended
31/07/08
£
Paid during the year:
Equity dividends on Ordinary shares 58,000
58,000

Page 7
 Saving Energy Limited

Notes to the financial statements

for the period ended 31 July 2008

.................... 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

Net book value

At 31 July 2008 67,338 9,751 77,089

8. Debtors 31/07/08
£

Trade debtors 404,063

Other debtors 22,430
Prepayments and accrued income 9,615
436,108

Page 8
 Saving Energy Limited

Notes to the financial statements

for the period ended 31 July 2008

.................... continued

9. Creditors: amounts falling due 31/07/08

within one year £

Bank overdraft 8,587

Bank loan 10,640
Net obligations under finance leases
and hire purchase contracts 17,779
Trade creditors 171,237
Corporation tax 45,114
Other taxes and social security costs 36,657
Directors' accounts 25,654
Other creditors 2,087
317,755

10. Creditors: amounts falling due 31/07/08

after more than one year £

Bank loan 56,951

Net obligations under finance leases
and hire purchase contracts 29,260
86,211

11. Share capital 31/07/08

£
Authorised
1,000 Ordinary shares of £1 each 1,000
Allotted, called up and fully paid
2 Ordinary shares of £1 each 2

Equity Shares
2 Ordinary shares of £1 each 2

Page 9
 Saving Energy Limited

The following pages do not form part of the statutory accounts.

 Saving Energy Limited

Detailed trading profit and loss account

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

Closing stock (12,000)

(465,546)
Gross profit 67% 938,248

Administrative expenses 679,665

(679,665)
258,583
Other operating income
Insurance claims receivable 1,761
1,761

Operating profit 19% 260,344

Other income and expenses

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