IRIS Accounts Production v23.3.0.418 08399828 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083998282022-02-28083998282023-02-28083998282022-03-012023-02-28083998282021-02-28083998282021-03-012022-02-28083998282022-02-2808399828ns10:Originalns15:EnglandWales2022-03-012023-02-2808399828ns14:PoundSterlingns10:Original2022-03-012023-02-2808399828ns10:Originalns10:Director12022-03-012023-02-2808399828ns10:Original2022-03-012023-02-2808399828ns10:Original2023-02-2808399828ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2808399828ns10:Originalns10:SmallEntities2022-03-012023-02-2808399828ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2808399828ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808399828ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2808399828ns10:Originalns10:FullAccounts2022-03-012023-02-2808399828ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2808399828ns10:Originalns10:RegisteredOffice2022-03-012023-02-2808399828ns10:Original2022-02-2808399828ns10:Originalns5:CurrentFinancialInstruments2023-02-2808399828ns10:Originalns5:CurrentFinancialInstruments2022-02-2808399828ns10:Originalns5:Non-currentFinancialInstruments2023-02-2808399828ns10:Originalns5:Non-currentFinancialInstruments2022-02-2808399828ns5:ShareCapitalns10:Original2023-02-2808399828ns5:ShareCapitalns10:Original2022-02-2808399828ns10:Originalns5:SharePremium2023-02-2808399828ns10:Originalns5:SharePremium2022-02-2808399828ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2808399828ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2808399828ns10:Original2021-03-012022-02-2808399828ns10:Originalns5:ComputerEquipment2022-02-2808399828ns10:Originalns5:ComputerEquipment2022-03-012023-02-2808399828ns10:Originalns5:ComputerEquipment2023-02-2808399828ns10:Originalns5:ComputerEquipment2022-02-2808399828ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2808399828ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-02-2808399828ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 08399828 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ENERGY CYCLE LTD

ENERGY CYCLE LTD (REGISTERED NUMBER: 08399828)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERGY CYCLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: L M Jacobs





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 08399828 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

ENERGY CYCLE LTD (REGISTERED NUMBER: 08399828)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 275 550

CURRENT ASSETS
Debtors 5 25,466 27,466
Cash at bank 486 263
25,952 27,729
CREDITORS
Amounts falling due within one year 6 (51,472 ) (61,715 )
NET CURRENT LIABILITIES (25,520 ) (33,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,245

)

(33,436

)

CREDITORS
Amounts falling due after more than one year 7 (3,375 ) (4,917 )
NET LIABILITIES (28,620 ) (38,353 )

CAPITAL AND RESERVES
Called up share capital 8 13 13
Share premium 70,987 70,987
Retained earnings (99,620 ) (109,353 )
SHAREHOLDERS' FUNDS (28,620 ) (38,353 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ENERGY CYCLE LTD (REGISTERED NUMBER: 08399828)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 director and authorised for issue on 6 November 2023 and were signed by:





L M Jacobs - Director


ENERGY CYCLE LTD (REGISTERED NUMBER: 08399828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Energy Cycle 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 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 balance sheet shows net current liabilities of £25,520 (2022: £33,986). The director, by taking account of all relevant information currently available, considers that the company will be able to meet all debts as they fall due. The director has indicated his willingness to support the company for the foreseeable future. Under these circumstances, the director is of the opinion that it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover
Turnover represents net invoiced provision of services excluding VAT.

Government grants
Grants are recognised over the period in which the associated costs are incurred.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ENERGY CYCLE LTD (REGISTERED NUMBER: 08399828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 1,101
DEPRECIATION
At 1 March 2022 551
Charge for year 275
At 28 February 2023 826
NET BOOK VALUE
At 28 February 2023 275
At 28 February 2022 550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Related party debtors 25,466 27,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 1,158 1,158
Trade creditors 2,227 3,312
Social security and other taxes 1,342 1,450
Directors' current accounts 43,625 52,195
Accruals and deferred income 3,120 3,600
51,472 61,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years 3,375 4,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
13 Ordinary £1 13 13

ENERGY CYCLE LTD (REGISTERED NUMBER: 08399828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. RELATED PARTY DISCLOSURES

Bridging Ventures Group Limited

A company in which L M Jacobs is a director.


The company charged Bridging Ventures Group Limited management fees of £50,000 (2022: £45,000) during the year.

28.2.23 28.2.22
£    £   
Amount due from related party at the balance sheet date 25,466 27,466