Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3012354302022-07-01falseNo description of principal activity30falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02514932 2022-07-01 2023-06-30 02514932 2021-07-01 2022-06-30 02514932 2023-06-30 02514932 2022-06-30 02514932 2021-07-01 02514932 c:Director6 2022-07-01 2023-06-30 02514932 c:Director9 2022-07-01 2023-06-30 02514932 d:Buildings d:LongLeaseholdAssets 2022-07-01 2023-06-30 02514932 d:Buildings d:LongLeaseholdAssets 2023-06-30 02514932 d:Buildings d:LongLeaseholdAssets 2022-06-30 02514932 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 02514932 d:MotorVehicles 2022-07-01 2023-06-30 02514932 d:MotorVehicles 2023-06-30 02514932 d:MotorVehicles 2022-06-30 02514932 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 02514932 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 02514932 d:FurnitureFittings 2022-07-01 2023-06-30 02514932 d:FurnitureFittings 2023-06-30 02514932 d:FurnitureFittings 2022-06-30 02514932 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 02514932 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 02514932 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 02514932 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 02514932 d:CurrentFinancialInstruments 2023-06-30 02514932 d:CurrentFinancialInstruments 2022-06-30 02514932 d:Non-currentFinancialInstruments 2023-06-30 02514932 d:Non-currentFinancialInstruments 2022-06-30 02514932 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02514932 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 02514932 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02514932 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 02514932 d:ShareCapital 2022-07-01 2023-06-30 02514932 d:ShareCapital 2023-06-30 02514932 d:ShareCapital 2022-06-30 02514932 d:ShareCapital 2021-07-01 02514932 d:SharePremium 2022-07-01 2023-06-30 02514932 d:SharePremium 2023-06-30 02514932 d:SharePremium 2022-06-30 02514932 d:SharePremium 2021-07-01 02514932 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 02514932 d:RetainedEarningsAccumulatedLosses 2023-06-30 02514932 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 02514932 d:RetainedEarningsAccumulatedLosses 2022-06-30 02514932 d:RetainedEarningsAccumulatedLosses 2021-07-01 02514932 c:OrdinaryShareClass1 2022-07-01 2023-06-30 02514932 c:OrdinaryShareClass1 2023-06-30 02514932 c:OrdinaryShareClass1 2022-06-30 02514932 c:FRS102 2022-07-01 2023-06-30 02514932 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 02514932 c:FullAccounts 2022-07-01 2023-06-30 02514932 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02514932 14 2022-07-01 2023-06-30 02514932 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 02514932 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure

02514932







ENERGI CABLE SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2023

































ENERGI CABLE SERVICES LIMITED
REGISTERED NUMBER:02514932

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
580,813
330,097

Current assets
  

Stocks
 5 
157,908
177,860

Debtors: amounts falling due within one year
 6 
2,199,650
1,964,262

Cash at bank and in hand
  
936,652
959,870

  
3,294,210
3,101,992

Creditors: amounts falling due within one year
 7 
(1,602,670)
(1,224,547)

Net current assets
  
 
 
1,691,540
 
 
1,877,445

Total assets less current liabilities
  
2,272,353
2,207,542

Creditors: amounts falling due after more than one year
 8 
(275,172)
(51,747)

Provisions for liabilities
  

Deferred tax
 9 
(120,269)
(31,089)

  
 
 
(120,269)
 
 
(31,089)

Net assets
  
1,876,912
2,124,706


Capital and reserves
  

Called up share capital 
 10 
1,000
960

Share premium account
  
25,335
5,375

Profit and loss account
  
1,850,577
2,118,371

  
1,876,912
2,124,706


Page 1

ENERGI CABLE SERVICES LIMITED
REGISTERED NUMBER:02514932
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J. C. Collett
J. R. Attwood
Director
Director


Date: 16 January 2024


The notes on pages 4 to 10 form part of these financial statements.

Page 2

ENERGI CABLE SERVICES LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
960
5,375
2,700,493
2,706,828



Loss for the year
-
-
(6,122)
(6,122)

Dividends: Equity capital
-
-
(192,000)
(192,000)

Payment to employee ownership trust
-
-
(384,000)
(384,000)



At 1 July 2022
960
5,375
2,118,371
2,124,706



Profit for the year

-
-
488,206
488,206

Payment to employee ownership trust
-
-
(756,000)
(756,000)

Shares issued during the year
40
19,960
-
20,000


At 30 June 2023
1,000
25,335
1,850,577
1,876,912


The notes on pages 4 to 10 form part of these financial statements.

Page 3

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Energi Cable Services Limited is a limited company incorporated and domiciled in England and Wales.
The address of its registered office and place of business is 1 Wrexham Road, Laindon, Essex, SS15 6PX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest whole £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided, net of trade discounts, value added and similar sales-based taxes.
Turnover is recognised as follows:
- revenue from installation and service activities represents the value of work carried out during the year, including amounts not invoiced.
- revenue from supply of goods and materials is recognised when goods are delivered and title has passed.
Long term contracts:
Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors, and payments on account in excess of the relevant amount of revenue are included in creditors.

Page 4

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Land and buildings leasehold
-
25% straight line
Motor vehicles
-
25/33% straight line
Fixtures, fittings & equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.4

 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Work in progress has been included on the basis of costs incurred on incomplete contracts at balance sheet date.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

Page 5

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

 Creditors

Short term creditors are measured at the transaction price.

  
2.9

 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate of ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable.

  
2.11

 Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

  
2.12

 Operating leases

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

  
2.13

 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 6

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.14

 Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.15

 Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the
same period as the related expenditure.

 
2.16

 Employee Ownership Trust

In March 2022, the majority ownership transferred to an 'Employee Ownership Trust' (EOT). During the year, the Company made payments of £756,000 (2022: £384,000) to the EOT which have been shown as distributions from reserves within the Statement of Changes in Equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2022 - 30).

Page 7

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£



Cost


At 1 July 2022
87,800
626,312
567,755
1,281,867


Additions
-
452,072
28,191
480,263


Disposals
-
(247,801)
(42,667)
(290,468)



At 30 June 2023

87,800
830,583
553,279
1,471,662



Depreciation


At 1 July 2022
70,372
405,024
476,374
951,770


Charge for the year on owned assets
12,354
78,916
64,804
156,074


Charge for the year on financed assets
-
38,915
-
38,915


Disposals
-
(213,243)
(42,667)
(255,910)



At 30 June 2023

82,726
309,612
498,511
890,849



Net book value



At 30 June 2023
5,074
520,971
54,768
580,813



At 30 June 2022
17,428
221,288
91,381
330,097

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£


Motor vehicles
484,253
104,604


5.


Stocks

2023
2022
£
£

Raw materials
157,908
177,860


Page 8

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,631,014
1,561,529

Other debtors
126,000
205,121

Prepayments
134,954
122,792

Amounts recoverable on long term contracts
307,682
74,820

2,199,650
1,964,262



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
864,428
695,262

Corporation tax
40,833
-

Other taxation and social security
144,316
147,955

Obligations under finance lease and hire purchase contracts
97,018
50,768

Other creditors
31,236
17,591

Accruals and deferred income
424,839
312,971

1,602,670
1,224,547


Amounts due under finance leases are secured against the relevant assets.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
275,172
51,747


Amounts due under finance leases are secured against the relevant assets.

Page 9

ENERGI CABLE SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
(31,089)
(57,116)


Charged to profit or loss
(89,180)
26,027



At end of year
(120,269)
(31,089)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(120,269)
(31,089)


10.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



1,000 (2022 - 960) Ordinary shares of £1 each
1,000
960

During the year, 40 Ordinary shares were issued for a premium of £19,960.  

 
Page 10