Energeia Electrical Engineering Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09101413 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ENERGEIA ELECTRICAL ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D C Humberstone

Mr P Hartle

REGISTERED OFFICE:

Unit 2d Shortwood Court

Shortwood Business Park

Hoyland

Barnsley

S74 9LH

REGISTERED NUMBER:

09101413 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

43,291

42,621

CURRENT ASSETS

Stocks

59,733

16,500

Debtors

5

307,154

279,573

Cash at bank

-

151,439

366,887

447,512

CREDITORS

Amounts falling due within one year

6

289,464

320,833

NET CURRENT ASSETS

77,423

126,679

TOTAL ASSETS LESS CURRENT LIABILITIES

120,714

169,300

CREDITORS

Amounts falling due after more than one year

7

(86,178

)

(134,167

)

PROVISIONS FOR LIABILITIES

(5,836

)

(4,643

)

NET ASSETS

28,700

30,490

CAPITAL AND RESERVES

Called up share capital

9

5

3

Retained earnings

28,695

30,487

SHAREHOLDERS' FUNDS

28,700

30,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 December 2023 and were signed on its behalf by:

Mr D C Humberstone - Director

1.	STATUTORY INFORMATION

Energeia Electrical Engineering Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

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

Turnover from the sale of services is recognised when services have been provided to the customer, the amount of turnover 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. This is usually on completion of services.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

20% straight line

Motor vehicles

25 % straight line

Fixtures and fittings

20 % straight line

Computer equipment

20 % straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock. Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants

Revenue grants

Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

4,375

1,632

87,997

3,952

97,956

Additions

3,318

-

12,620

-

15,938

At 31 March 2023

7,693

1,632

100,617

3,952

113,894

DEPRECIATION

At 1 April 2022

2,659

1,038

48,538

3,100

55,335

Charge for year

801

201

13,984

282

15,268

At 31 March 2023

3,460

1,239

62,522

3,382

70,603

NET BOOK VALUE

At 31 March 2023

4,233

393

38,095

570

43,291

At 31 March 2022

1,716

594

39,459

852

42,621

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

12,620

At 31 March 2023

12,620

DEPRECIATION

Charge for year

3,155

At 31 March 2023

3,155

NET BOOK VALUE

At 31 March 2023

9,465

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

171,135

162,758

VAT

6,510

32,953

Called up share capital not paid

2

-

Prepayments and accrued income

129,507

83,862

307,154

279,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

60,829

55,000

Hire purchase contracts

4,207

-

Trade creditors

141,526

166,362

Corporation tax

-

23

Social security and other taxes

1,262

10,937

Other creditors

19,171

58,505

Directors' loan accounts

15,865

10,000

Accruals and deferred income

46,604

20,006

289,464

320,833

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans - 1-2 years

55,000

55,000

Bank loans - 2-5 years

24,167

79,167

Hire purchase contracts

7,011

-

86,178

134,167

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Hire purchase contracts

11,218

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

3

A Ordinary

£1

3

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

5

3

The following shares were issued during the year for cash at par :

1 A Ordinary share of £1

1 C Ordinary share of £1

In addition to the issue of the above shares, 1 C ordinary share was reclassified as an A ordinary share.

10.	RELATED PARTY DISCLOSURES

Other related parties

31.03.23

31.03.22

£

£

Sales to related parties

6,190

29,500

Purchases from related parties

63,714

32,277

Amounts due to related parties

3,366

-

Loans payable to related parties

5,000

25,000

Management charges from related parties

-

3,525

Amounts due from related parties

-

3,500