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REGISTERED NUMBER: 05095353 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Intelligent Energy Systems Limited

Intelligent Energy Systems Limited (Registered number: 05095353)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Intelligent Energy Systems Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: R E Hill
Mrs N J Hill





SECRETARY: Mrs N J Hill





REGISTERED OFFICE: Criftin House
Wentnor
Bishops Castle
Shropshire
SY9 5ED





REGISTERED NUMBER: 05095353 (England and Wales)





ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Intelligent Energy Systems Limited (Registered number: 05095353)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 99,210 39,375

CURRENT ASSETS
Inventories 20,000 20,000
Debtors 5 46,314 77,930
Cash at bank 272,039 256,489
338,353 354,419
CREDITORS
Amounts falling due within one year 6 170,964 197,975
NET CURRENT ASSETS 167,389 156,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,599

195,819

CREDITORS
Amounts falling due after more than
one year

7

(6,667

)

-

PROVISIONS FOR LIABILITIES (17,980 ) (6,527 )
NET ASSETS 241,952 189,292

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 241,950 189,290
241,952 189,292

Intelligent Energy Systems Limited (Registered number: 05095353)

Statement of Financial Position - continued
31 March 2023


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 24 October 2023 and were signed on its behalf by:





R E Hill - Director


Intelligent Energy Systems Limited (Registered number: 05095353)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

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 statement of financial position date.


Intelligent Energy Systems Limited (Registered number: 05095353)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 87,105 73,687 160,792
Additions 11,935 64,250 76,185
At 31 March 2023 99,040 137,937 236,977
DEPRECIATION
At 1 April 2022 62,518 58,899 121,417
Charge for year 6,924 9,426 16,350
At 31 March 2023 69,442 68,325 137,767
NET BOOK VALUE
At 31 March 2023 29,598 69,612 99,210
At 31 March 2022 24,587 14,788 39,375

Intelligent Energy Systems Limited (Registered number: 05095353)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,407 72,541
Other debtors 33,907 5,389
46,314 77,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,333 -
Trade creditors 44,857 31,325
Taxation and social security 7,850 30,132
Other creditors 114,924 136,518
170,964 197,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,667 -

8. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year is an amount totalling £111,706 (2022 - £133,550) due to the directors of the company. This amount is repayable on demand. During the year no interest was paid on this balance.