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REGISTERED NUMBER: 09514812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

GREAT WESTERN ENERGY LTD

GREAT WESTERN ENERGY LTD (REGISTERED NUMBER: 09514812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREAT WESTERN ENERGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: R Baruah
A Evans
R Mahanta





SECRETARY:





REGISTERED OFFICE: Baglan Bay Innovation Centre
Central Avenue
Baglan
Port Talbot
SA12 7AX





REGISTERED NUMBER: 09514812 (England and Wales)





ACCOUNTANTS: Roger Byers & Co. Limited
Castle Buildings
23 Church Place
Neath
SA11 3LP

GREAT WESTERN ENERGY LTD (REGISTERED NUMBER: 09514812)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,369 1,423
Tangible assets 5 120 181
1,489 1,604

CURRENT ASSETS
Debtors 6 288 330
Prepayments and accrued income 224 116
Cash at bank 9,365 15,305
9,877 15,751
CREDITORS
Amounts falling due within one year 7 (22,329 ) (21,390 )
NET CURRENT LIABILITIES (12,452 ) (5,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,963

)

(4,035

)

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (10,966 ) (4,038 )
SHAREHOLDERS' FUNDS (10,963 ) (4,035 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

GREAT WESTERN ENERGY LTD (REGISTERED NUMBER: 09514812)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 July 2017 and were signed on its behalf by:





R Mahanta - Director


GREAT WESTERN ENERGY LTD (REGISTERED NUMBER: 09514812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

Great Western Energy Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

GREAT WESTERN ENERGY LTD (REGISTERED NUMBER: 09514812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2016
and 31 March 2017 1,440
AMORTISATION
At 1 April 2016 17
Charge for year 54
At 31 March 2017 71
NET BOOK VALUE
At 31 March 2017 1,369
At 31 March 2016 1,423

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 183
DEPRECIATION
At 1 April 2016 2
Charge for year 61
At 31 March 2017 63
NET BOOK VALUE
At 31 March 2017 120
At 31 March 2016 181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 128 -
Other debtors 160 330
288 330

GREAT WESTERN ENERGY LTD (REGISTERED NUMBER: 09514812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 149 -
Other creditors 22,180 21,390
22,329 21,390