ENERSOFT INTERNATIONAL LIMITED 28/02/2022 iXBRL

ENERSOFT INTERNATIONAL LIMITED - Company Information

28/02/2022 2022-02-28 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-03-01 Sage Accounts Production 21.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP SC621728 2021-03-01 2022-02-28 SC621728 2022-02-28 SC621728 2021-02-28 SC621728 2020-03-01 2021-02-28 SC621728 2021-02-28 SC621728 core:IntangibleAssetsOtherThanGoodwill 2021-03-01 2022-02-28 SC621728 core:PlantMachinery 2021-03-01 2022-02-28 SC621728 core:FurnitureFittingsToolsEquipment 2021-03-01 2022-02-28 SC621728 core:MotorVehicles 2021-03-01 2022-02-28 SC621728 bus:RegisteredOffice 2021-03-01 2022-02-28 SC621728 bus:LeadAgentIfApplicable 2021-03-01 2022-02-28 SC621728 bus:Director1 2021-03-01 2022-02-28 SC621728 bus:Director2 2021-03-01 2022-02-28 SC621728 core:IntangibleAssetsOtherThanGoodwill 2021-02-28 SC621728 core:IntangibleAssetsOtherThanGoodwill 2022-02-28 SC621728 core:PlantMachinery 2021-02-28 SC621728 core:FurnitureFittingsToolsEquipment 2021-02-28 SC621728 core:PlantMachinery 2022-02-28 SC621728 core:FurnitureFittingsToolsEquipment 2022-02-28 SC621728 core:MotorVehicles 2022-02-28 SC621728 core:WithinOneYear 2022-02-28 SC621728 core:WithinOneYear 2021-02-28 SC621728 core:AfterOneYear 2022-02-28 SC621728 core:AfterOneYear 2021-02-28 SC621728 core:ShareCapital 2022-02-28 SC621728 core:ShareCapital 2021-02-28 SC621728 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC621728 core:RetainedEarningsAccumulatedLosses 2021-02-28 SC621728 core:IntangibleAssetsOtherThanGoodwill 2021-02-28 SC621728 core:PlantMachinery 2021-02-28 SC621728 core:FurnitureFittingsToolsEquipment 2021-02-28 SC621728 bus:SmallEntities 2021-03-01 2022-02-28 SC621728 bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 SC621728 bus:FullAccounts 2021-03-01 2022-02-28 SC621728 bus:SmallCompaniesRegimeForAccounts 2021-03-01 2022-02-28 SC621728 bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28

Company registration number: SC621728

ENERSOFT INTERNATIONAL LIMITED

Unaudited filleted financial statements

28 February 2022

GRANTS

Accountants and Tax Advisors

ENERSOFT INTERNATIONAL LIMITED

Contents

Directors and other information

Accountants report

Balance sheet

Notes to the financial statements

ENERSOFT INTERNATIONAL LIMITED

Directors and other information


	Directors	Rebecca Quinn Hansen
		Kailie Christine Quinn


	Company number	SC621728


	Registered office	Suite 7-4
		74 York Street
		Glasgow
		G2 8JX


	Accountants	GRANTS
		Accountants and Tax Advisors
		Moncrieff House
		69 West Nile Street
		Glasgow
		G1 2QB

ENERSOFT INTERNATIONAL LIMITED

Report to the board of directors on the preparation of the

unaudited statutory financial statements of ENERSOFT INTERNATIONAL LIMITED

Year ended 28 February 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts for the year ended 28 February 2022 as set out from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than that of the company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss.

We have not been instructed to carry out an audit or a review of the accounts and for this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

GRANTS

Accountants and Tax Advisors

Moncrieff House

69 West Nile Street

Glasgow

G1 2QB

4 July 2022

ENERSOFT INTERNATIONAL LIMITED

Balance sheet

28 February 2022

		2022		2021
	Note	£	£	£	£

Fixed assets
Intangible assets	5	9,900		14,300
Tangible assets	6	30,155		6,481
		_______		_______
			40,055		20,781

Current assets
Debtors	7	14,800		1,549
Cash at bank and in hand		22,958		4,827
		_______		_______
		37,758		6,376
Creditors: amounts falling due
within one year	8	( 214,061)		( 108,538)
		_______		_______
Net current liabilities			( 176,303)		( 102,162)
			_______		_______
Total assets less current liabilities			( 136,248)		( 81,381)

Creditors: amounts falling due
after more than one year	9		( 97,903)		( 50,000)
			_______		_______
Net liabilities			( 234,151)		( 131,381)
			_______		_______

Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account			( 244,151)		( 141,381)
			_______		_______
Shareholders deficit			( 234,151)		( 131,381)
			_______		_______

For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 July 2022 , and are signed on behalf of the board by:

Rebecca Quinn Hansen

Director

Company registration number: SC621728

ENERSOFT INTERNATIONAL LIMITED

Notes to the financial statements

Year ended 28 February 2022

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Suite 7-4, 74 York Street, Glasgow, G2 8JX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Website costs	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer equipment	-	33.33 %	straight line
Office equipment	-	20.00 %	straight line
Motor vehicles	-	20.00 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Staff costs

The average number of persons employed by the company during the year amounted to 5 (2021: 4 ).

The aggregate payroll costs incurred during the year were:

	2022	2021
	£	£
Wages and salaries	127,018	111,796
Other pension costs	2,614	2,476
	_______	_______
	129,632	114,272
	_______	_______

5. Intangible assets

	Website costs	Total
	£	£
Cost
At 1 March 2021 and 28 February 2022	22,000	22,000
	_______	_______
Amortisation
At 1 March 2021	7,700	7,700
Charge for the year	4,400	4,400
	_______	_______
At 28 February 2022	12,100	12,100
	_______	_______
Carrying amount
At 28 February 2022	9,900	9,900
	_______	_______
At 28 February 2021	14,300	14,300
	_______	_______

6. Tangible assets

	Computer equipment	Office equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2021	8,848	923	-	9,771
Additions	-	-	27,732	27,732
	_______	_______	_______	_______
At 28 February 2022	8,848	923	27,732	37,503
	_______	_______	_______	_______
Depreciation
At 1 March 2021	3,152	138	-	3,290
Charge for the year	2,949	185	924	4,058
	_______	_______	_______	_______
At 28 February 2022	6,101	323	924	7,348
	_______	_______	_______	_______
Carrying amount
At 28 February 2022	2,747	600	26,808	30,155
	_______	_______	_______	_______
At 28 February 2021	5,696	785	-	6,481
	_______	_______	_______	_______

7. Debtors

	2022	2021
	£	£
Trade debtors	13,500	-
Other debtors	1,300	1,549
	_______	_______
	14,800	1,549
	_______	_______

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	5,621	-
Social security and other taxes	2,857	3,297
Other creditors	205,583	105,241
	_______	_______
	214,061	108,538
	_______	_______

9. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	41,569	50,000
Other creditors	56,334	-
	_______	_______
	97,903	50,000
	_______	_______