Abbreviated Company Accounts - ENERGY VAULT LIMITED

ENERGY VAULT LIMITED - Company Information

07434468 ENERGY VAULT LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 07434468 2014-12-01 2015-11-30 07434468 2015-11-30 07434468 2014-11-30 07434468 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 07434468 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:Director3 2014-12-01 2015-11-30 uk-gaap-cd-bus:Director3 2015-11-30 uk-gaap-cd-bus:Director3 2014-11-30 iso4217:GBP shares

Registered Number 07434468

ENERGY VAULT LIMITED

Abbreviated Accounts

30 November 2015

ENERGY VAULT LIMITED Registered Number 07434468

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	100
		-	100
Current assets
Stocks		2,500	2,500
Debtors		3,510	3,737
Investments		1,409	1,639
		7,419	7,876
Creditors: amounts falling due within one year		(6,693)	(7,310)
Net current assets (liabilities)		726	566
Total assets less current liabilities		726	666
Provisions for liabilities		0	(20)
Total net assets (liabilities)		726	646
Capital and reserves
Called up share capital		100	100
Profit and loss account		626	546
Shareholders' funds		726	646

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 August 2016

And signed on their behalf by:
Mr P Denton, Director

ENERGY VAULT LIMITED Registered Number 07434468

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

IT Equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 December 2014	745
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	745
Depreciation
At 1 December 2014	645
Charge for the year	100
On disposals	-
At 30 November 2015	745
Net book values
At 30 November 2015	0
At 30 November 2014	100

3Transactions with directors

Name of director receiving advance or credit:	MR P Denton
Description of the transaction:	Loan to Company
Balance at 1 December 2014:	£ 965
Advances or credits made:	£ 0
Advances or credits repaid:	£ 443
Balance at 30 November 2015:	£ 522