ENERGYTEST HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Energytest Holdings Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 11782155). It's registered office is Unit 10, Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ. The principal activity of the Company throughout the year was that of a Holding Company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company's functional and presentation currency is pounds sterling.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
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The average monthly number of employees, including directors, during the year was 3 (2022 - 3).
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Investments in subsidiary companies
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