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REGISTERED NUMBER: 11595551 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ENERGISE ENERGY SOLUTIONS LTD

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Statement of Income and Retained Earnings 10

Balance Sheet 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 15


ENERGISE ENERGY SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: D Catley
B Butcher





REGISTERED OFFICE: Unit 1A Aviator Court
First Avenue
Auckley
Doncaster
South Yorkshire
DN9 3QZ





REGISTERED NUMBER: 11595551 (England and Wales)





AUDITORS: Dexter & Sharpe Audit Services Ltd
Rollestone House
Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

The directors present their strategic report for the year ended 28 February 2023.

The principal activities of the company in the period under review were those of installation of smart meters and electric vehicle charging units.

REVIEW OF BUSINESS
The business achieved year on year sales growth of 23.4% but was unable to sustain the level of profitability that it had achieved in the 2022 year. The company operates in a highly competitive market and has to balance costs with customer price expectations. The company's staffing costs in particular grew rapidly as a result of inflationary wage pressure in the economy. Transportation and motor costs also increased significantly following fuel price rises following Russia's invasion of Ukraine.


ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

PRINCIPAL RISKS AND UNCERTAINTIES
The company operates in a challenging economic climate, in which the price expectations of its customers have to be balanced against inflationary pressures. As such, the management of the company's business and the execution of the company's strategies are subject to a number of risks:
ongoing market pressure on prices;
reliance on high value contracts with individual customers
the challenge of servicing increasing turnover levels ; and
Increased costs of recruiting and retaining labour


These risks are being addressed by:
the directors working closely with customers to ensure they understand their needs and continue to offer competitive products and prices;
continuing to invest in the company's in-house training program;
renegotiation of prices to customers on long term contracts; and
cost savings from restructuring in the company's sales team


As a result of the implementation of the above-mentioned measures the directors consider that it remains appropriate to prepare these financial statements on a going concern basis.

The company uses various financial instruments including cash, overdraft facilities, loans, hire purchase agreements and items such as trade debtors and trade creditors that arise directly from its operations, the main purpose of which is to ensure liquidity for the company's activities. These financial instruments expose the company to a number of financial risks, as set out below along with the means by which the company manages its exposure in these areas.

All of these financial instruments relate to underlying business operations and no activities of a speculative nature are entered into. The main risk arising from the company's financial instruments are interest rate risk and credit risk. The directors review, agree and maintain policies for managing these risks, as summarised below.


Interest rate risk
The company finances its activities through a combination of bank borrowings and working capital management. The company's exposure to interest rate fluctuations on its bank borrowings is managed through the use of fixed rate loans. The company has also acquired a limited number of fixed assets using hire purchase facilities, but at known interest rates at the inception of the contracts.


Liquidity risk
The company manages its financial risk by ensuring that there is enough liquidity available to meet its short term and long term requirements, principally through bank loans and hire purchase and, in the short term, through overdraft facilities with its bankers. The directors also continue to provide financial support by loans made available to the business.


Credit risk
The company's main financial assets are cash and trade debtors. The main credit risk is linked to trade debtors.. A proactive approach to debt collection is adopted, with collection history and credit limits reviewed on an ongoing basis.




KEY PERFORMANCE INDICATORS
The company measures its financial performance by reference to key performance indicators. The directors consider the key performance indicators include:

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

- turnover Increased by 23.4%
- gross profit percentage Increased to 3.46% from 32.15%
- Current ratio decreased to 0.92 from 1.06 as a result of cost increases.

ON BEHALF OF THE BOARD:





D Catley - Director


8 February 2024

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 28 FEBRUARY 2023

The directors present their report with the financial statements of the company for the year ended 28 February 2023.

DIVIDENDS
No dividends will be distributed for the year ended 28 February 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report.

D Catley
B Butcher

Other changes in directors holding office are as follows:

J Szymik ceased to be a director after 28 February 2023 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 28 FEBRUARY 2023


AUDITORS
The auditors, Dexter & Sharpe Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D Catley - Director


8 February 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ENERGISE ENERGY SOLUTIONS LTD

Opinion
We have audited the financial statements of Energise Energy Solutions Ltd (the 'company') for the year ended 28 February 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2023 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ENERGISE ENERGY SOLUTIONS LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have enquired of management and those charged with governance about any instances of fraud or any actual or potential litigation or claims.
We have reviewed financial statement disclosures and tested to supporting documentation to assess compliance with applicable laws and regulations.
We have enquired of staff engaged in VAT, tax and compliance work about any instances of non-compliance.
We have audited the risk of management override of control, including review of journal entries and large and unusual transactions.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ENERGISE ENERGY SOLUTIONS LTD





Nicola Michelle Lenton FCCA (Senior Statutory Auditor)
for and on behalf of Dexter & Sharpe Audit Services Ltd
Rollestone House
Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

9 February 2024


Dexter & Sharpe Audit Services Ltd

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   

TURNOVER 13,531,072 10,966,980

Cost of sales 9,003,319 7,440,631
GROSS PROFIT 4,527,753 3,526,349

Distribution costs 83,631 54,154
Administrative expenses 4,687,079 3,275,779
4,770,710 3,329,933
(242,957 ) 196,416

Other operating income - 1,250
OPERATING (LOSS)/PROFIT 4 (242,957 ) 197,666

Interest receivable and similar income - 5
(242,957 ) 197,671

Interest payable and similar expenses 6 16,390 49,092
(LOSS)/PROFIT BEFORE TAXATION (259,347 ) 148,579

Tax on (loss)/profit 7 (38,366 ) 20,888
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(220,981

)

127,691

Retained earnings at beginning of year (236,168 ) (363,859 )

RETAINED EARNINGS AT END OF
YEAR

(457,149

)

(236,168

)

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 211,370 201,927

CURRENT ASSETS
Stocks 9 210,700 144,583
Debtors 10 1,823,302 1,249,442
Cash at bank 286,530 519,382
2,320,532 1,913,407
CREDITORS
Amounts falling due within one year 11 2,497,654 1,804,828
NET CURRENT (LIABILITIES)/ASSETS (177,122 ) 108,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,248

310,506

CREDITORS
Amounts falling due after more than one year 12 (41,297 ) (58,208 )

PROVISIONS FOR LIABILITIES 15 - (38,366 )
NET (LIABILITIES)/ASSETS (7,049 ) 213,932

CAPITAL AND RESERVES
Called up share capital 16 266,800 266,800
Share premium 17 183,300 183,300
Retained earnings 17 (457,149 ) (236,168 )
SHAREHOLDERS' FUNDS (7,049 ) 213,932

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:




D Catley - Director



B Butcher - Director


ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (121,302 ) 738,524
Interest paid (15,192 ) (49,092 )
Interest element of hire purchase payments
paid

(1,198

)

-
Net cash from operating activities (137,692 ) 689,432

Cash flows from investing activities
Purchase of tangible fixed assets (73,842 ) (151,065 )
Interest received - 5
Net cash from investing activities (73,842 ) (151,060 )

Cash flows from financing activities
Capital repayments in year (16,665 ) (58,740 )
Amount introduced by directors - 20,000
Amount withdrawn by directors (4,653 ) (75,086 )
Share issue - 66,700
Net cash from financing activities (21,318 ) (47,126 )

(Decrease)/increase in cash and cash equivalents (232,852 ) 491,246
Cash and cash equivalents at beginning of
year

2

519,382

28,136

Cash and cash equivalents at end of year 2 286,530 519,382

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
(Loss)/profit before taxation (259,347 ) 148,579
Depreciation charges 64,398 41,128
Government grants - (1,250 )
Finance costs 16,390 49,092
Finance income - (5 )
(178,559 ) 237,544
Increase in stocks (66,117 ) (104,583 )
Increase in trade and other debtors (573,860 ) (181,482 )
Increase in trade and other creditors 697,234 787,045
Cash generated from operations (121,302 ) 738,524

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 28 February 2023
28.2.23 1.3.22
£    £   
Cash and cash equivalents 286,530 519,382
Year ended 28 February 2022
28.2.22 1.3.21
£    £   
Cash and cash equivalents 519,382 28,136


ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.22 Cash flow At 28.2.23
£    £    £   
Net cash
Cash at bank 519,382 (232,852 ) 286,530
519,382 (232,852 ) 286,530
Debt
Finance leases (33,174 ) 6,994 (26,180 )
Debts falling due within 1 year (9,673 ) (245 ) (9,918 )
Debts falling due after 1 year (33,226 ) 9,917 (23,309 )
(76,073 ) 16,666 (59,407 )
Total 443,309 (216,186 ) 227,123

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

1. STATUTORY INFORMATION

Energise Energy Solutions 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" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost
Computer equipment - Straight line over 3 years

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

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.

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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
2023 2022
£    £   
Wages and salaries 4,978,057 3,715,700
Social security costs 543,991 382,605
Other pension costs 92,423 59,784
5,614,471 4,158,089

The average number of employees during the year was as follows:
2023 2022

Administration 12 9
Sales 18 15
Operations 123 96
153 120

2023 2022
£    £   
Directors' remuneration 250,000 250,000

Information regarding the highest paid director is as follows:
2023 2022
£    £   
Emoluments etc 125,000 125,000

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

2023 2022
£    £   
Hire of plant and machinery 32,225 10,356
Other operating leases 83,689 59,560
Depreciation - owned assets 56,254 35,697
Depreciation - assets on hire purchase contracts 8,145 5,430
Foreign exchange differences 144 488

5. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

8,000

-

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank interest 399 -
Bank loan interest 975 2,136
HMRC interest payable 420 -
Interest payable - 2,713
Interest payable 13,398 44,243
Hire purchase 1,198 -
16,390 49,092

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
2023 2022
£    £   
Deferred tax (38,366 ) 20,888
Tax on (loss)/profit (38,366 ) 20,888

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 - 79,036 99,197
Additions 15,925 25,092 11,351
Reclassification/transfer 50,163 - (50,163 )
At 28 February 2023 66,088 104,128 60,385
DEPRECIATION
At 1 March 2022 - 18,773 27,748
Charge for year 9,507 14,904 10,735
Reclassification/transfer 17,876 - (17,876 )
At 28 February 2023 27,383 33,677 20,607
NET BOOK VALUE
At 28 February 2023 38,705 70,451 39,778
At 28 February 2022 - 60,263 71,449

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 40,726 57,613 276,572
Additions - 21,474 73,842
Reclassification/transfer - - -
At 28 February 2023 40,726 79,087 350,414
DEPRECIATION
At 1 March 2022 5,430 22,694 74,645
Charge for year 8,145 21,108 64,399
Reclassification/transfer - - -
At 28 February 2023 13,575 43,802 139,044
NET BOOK VALUE
At 28 February 2023 27,151 35,285 211,370
At 28 February 2022 35,296 34,919 201,927

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

8. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 40,726
DEPRECIATION
At 1 March 2022 5,430
Charge for year 8,145
At 28 February 2023 13,575
NET BOOK VALUE
At 28 February 2023 27,151
At 28 February 2022 35,296

9. STOCKS
2023 2022
£    £   
Stocks 210,700 144,583

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,138,567 869,171
Supplier deposits 70,775 65,775
Other debtors - 10,000
Holding account 30,450 49,350
Prepayments and accrued income 583,510 255,146
1,823,302 1,249,442

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 13) 9,918 9,673
Hire purchase contracts (see note 14) 8,192 8,192
Trade creditors 796,393 417,397
Social security and other taxes 155,517 157,206
CIS tax payable 22,274 5,231
VAT 360,317 273,547
Other creditors 394,798 356,414
CSA/DEA liability 1,683 759
Pensions payable 27,794 17,849
Directors' current accounts 255,638 260,291
Accruals and deferred income 57,393 -
Accrued expenses 407,737 298,269
2,497,654 1,804,828

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 13) 23,309 33,226
Hire purchase contracts (see note 14) 17,988 24,982
41,297 58,208

13. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,918 9,673

Amounts falling due between two and five years:
Bank loans - 2-5 years 23,309 33,226

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

14. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,192 8,192
Between one and five years 17,988 24,982
26,180 33,174

Non-cancellable operating leases
2023 2022
£    £   
Within one year 609,595 609,573
Between one and five years 233,540 819,651
843,135 1,429,224

15. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 38,366

Deferred
tax
£   
Balance at 1 March 2022 38,366
Credit to Income Statement during year (38,366 )
Balance at 28 February 2023 -

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
266,800 Ordinary 1 266,800 266,800

ENERGISE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 11595551)

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

17. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2022 (236,168 ) 183,300 (52,868 )
Deficit for the year (220,981 ) (220,981 )
At 28 February 2023 (457,149 ) 183,300 (273,849 )

18. RELATED PARTY DISCLOSURES

Key management personnel of the entity or its parent (in the aggregate)
2023 2022
£    £   
Sales 219,495 24,613
Purchases 167,621 -
Amount due from related party 95,509 67
Amount due to related party 27,150 -

The above details transactions with companies controlled by the company's directors

In addition the directors have also made loans to the company totalling £255,638 at 28th February 2023. The loans bear interest at a rate of 5% and have no fixed repayment date.

Other related parties
2023 2022
£    £   
Sales 10,537,468 7,847,543
Purchases 1,231,611 478,767
Amount due from related party 640,666 290,983
Amount due to related party 252,627 193,953

The above transactions are with a company holding 25% of the share capital of Energise Energy Solutions Ltd.