IRIS Accounts Production v23.3.0.418 03617401 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036174012022-08-31036174012023-08-31036174012022-09-012023-08-31036174012021-08-31036174012021-09-012022-08-31036174012022-08-3103617401ns10:Originalns15:EnglandWales2022-09-012023-08-3103617401ns14:PoundSterlingns10:Original2022-09-012023-08-3103617401ns10:Originalns10:Director12022-09-012023-08-3103617401ns10:Original2022-09-012023-08-3103617401ns10:Original2023-08-3103617401ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103617401ns10:Originalns10:SmallEntities2022-09-012023-08-3103617401ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103617401ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103617401ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3103617401ns10:Originalns10:FullAccounts2022-09-012023-08-3103617401ns10:CompanySecretary1ns10:Original2022-09-012023-08-3103617401ns10:Originalns10:RegisteredOffice2022-09-012023-08-3103617401ns10:Original2022-08-3103617401ns10:Originalns5:CurrentFinancialInstruments2023-08-3103617401ns10:Originalns5:CurrentFinancialInstruments2022-08-3103617401ns10:Originalns5:Non-currentFinancialInstruments2023-08-3103617401ns10:Originalns5:Non-currentFinancialInstruments2022-08-3103617401ns5:ShareCapitalns10:Original2023-08-3103617401ns5:ShareCapitalns10:Original2022-08-3103617401ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3103617401ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3103617401ns10:Originalns5:FurnitureFittings2022-09-012023-08-3103617401ns10:Originalns5:MotorVehicles2022-09-012023-08-3103617401ns10:Original2021-09-012022-08-3103617401ns10:Originalns5:FurnitureFittings2022-08-3103617401ns10:Originalns5:MotorVehicles2022-08-3103617401ns10:Original2022-08-3103617401ns10:Originalns5:FurnitureFittings2023-08-3103617401ns10:Originalns5:MotorVehicles2023-08-3103617401ns10:Originalns5:FurnitureFittings2022-08-3103617401ns10:Originalns5:MotorVehicles2022-08-3103617401ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3103617401ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3103617401ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3103617401ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3103617401ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3103617401ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-31
REGISTERED NUMBER: 03617401 (England and Wales)















ITENERGY LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2023






ITENERGY LIMITED (REGISTERED NUMBER: 03617401)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ITENERGY LIMITED

Company Information
for the year ended 31 August 2023







DIRECTOR: C E Axcell





SECRETARY: C E Axcell





REGISTERED OFFICE: 49 Mill Lane
Danbury
Essex
CM3 4LB





REGISTERED NUMBER: 03617401 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,675 -

CURRENT ASSETS
Stocks 8,428 4,150
Debtors 5 75,763 74,390
Cash at bank and in hand 151,936 96,179
236,127 174,719
CREDITORS
Amounts falling due within one year 6 113,555 82,061
NET CURRENT ASSETS 122,572 92,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,247

92,658

CREDITORS
Amounts falling due after more than one
year

7

32,871

38,427
NET ASSETS 108,376 54,231

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,276 54,131
SHAREHOLDERS' FUNDS 108,376 54,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Balance Sheet - continued
31 August 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 7 February 2024 and were signed by:





C E Axcell - Director


ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

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

1. STATUTORY INFORMATION

ITEnergy 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
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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2022 11,065 8,695 19,760
Additions - 24,900 24,900
Disposals - (8,695 ) (8,695 )
At 31 August 2023 11,065 24,900 35,965
DEPRECIATION
At 1 September 2022 11,065 8,695 19,760
Charge for year - 6,225 6,225
Eliminated on disposal - (8,695 ) (8,695 )
At 31 August 2023 11,065 6,225 17,290
NET BOOK VALUE
At 31 August 2023 - 18,675 18,675
At 31 August 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,763 74,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 43,862 27,747
Tax 27,663 9,792
VAT 15,786 11,340
Other creditors 19,538 24,011
Directors' current accounts - 2,515
Accrued expenses 1,150 1,100
113,555 82,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 10,648 16,204
32,871 38,427

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,648 16,204