Energy Services Online Limited - Accounts to registrar (filleted) - small 23.2.5

ENERGY SERVICES ONLINE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J K Malinowski

Mr J A Malinowski

REGISTERED OFFICE:

14 Marchwood Crescent

London

W5 2DZ

REGISTERED NUMBER:

03798799 (England and Wales)

ACCOUNTANTS:

Akshar & Company

Chartered Accountants

221 Kenton Lane

Harrow

Middlesex

HA3 8RP

BANKERS:

HSBC

P O Box 260

46 The Broadway

Ealing

London

W5 5JZ

FIXED ASSETS

Intangible assets

4

1,333

1,392

Tangible assets

5

501

668

1,834

2,060

CURRENT ASSETS

Debtors

6

23,862

30,132

Cash at bank

33,588

48,591

57,450

78,723

CREDITORS

Amounts falling due within one year

7

28,200

24,261

NET CURRENT ASSETS

29,250

54,462

TOTAL ASSETS LESS CURRENT LIABILITIES

31,084

56,522

CAPITAL AND RESERVES

Called up share capital

64

64

Capital redemption reserve

36

36

Retained earnings

30,984

56,422

SHAREHOLDERS' FUNDS

31,084

56,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 28 September 2023 and were signed on its behalf by:

Mr J K Malinowski - Director

1.	STATUTORY INFORMATION

Energy Services Online 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.

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.

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 fixed assets

Other intangible fixed assets includes the cost of developing the company's new website which was amortised over a four year period

Previously, the company acquired a domain name, the cost of which is being written off over 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2022

25,791

Additions

450

At 31 December 2022

26,241

AMORTISATION

At 1 January 2022

24,399

Charge for year

509

At 31 December 2022

24,908

NET BOOK VALUE

At 31 December 2022

1,333

At 31 December 2021

1,392

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

25,405

DEPRECIATION

At 1 January 2022

24,737

Charge for year

167

At 31 December 2022

24,904

NET BOOK VALUE

At 31 December 2022

501

At 31 December 2021

668

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

22,516

24,480

Other debtors

1,346

5,652

23,862

30,132

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

3,047

1,175

Taxation and social security

6,537

5,739

Other creditors

18,616

17,347

28,200

24,261