IRIS Accounts Production v23.3.1.45 02262638 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022626382022-05-31022626382023-05-31022626382022-06-012023-05-31022626382021-05-31022626382021-06-012022-05-31022626382022-05-3102262638ns10:Originalns15:EnglandWales2022-06-012023-05-3102262638ns14:PoundSterlingns10:Original2022-06-012023-05-3102262638ns10:Originalns10:Director12022-06-012023-05-3102262638ns10:Original2022-06-012023-05-3102262638ns10:Original2023-05-3102262638ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3102262638ns10:Originalns10:SmallEntities2022-06-012023-05-3102262638ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3102262638ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102262638ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3102262638ns10:Originalns10:FullAccounts2022-06-012023-05-3102262638ns10:CompanySecretary1ns10:Original2022-06-012023-05-3102262638ns10:Originalns10:RegisteredOffice2022-06-012023-05-3102262638ns10:Original2022-05-3102262638ns10:Originalns5:CurrentFinancialInstruments2023-05-3102262638ns10:Originalns5:CurrentFinancialInstruments2022-05-3102262638ns10:Originalns5:Non-currentFinancialInstruments2023-05-3102262638ns10:Originalns5:Non-currentFinancialInstruments2022-05-3102262638ns5:ShareCapitalns10:Original2023-05-3102262638ns5:ShareCapitalns10:Original2022-05-3102262638ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3102262638ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3102262638ns10:Originalns5:PlantMachinery2022-06-012023-05-3102262638ns10:Original2021-06-012022-05-3102262638ns10:Originalns5:PlantMachinery2022-05-3102262638ns10:Originalns5:PlantMachinery2023-05-3102262638ns10:Originalns5:PlantMachinery2022-05-3102262638ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3102262638ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3102262638ns10:Originalns5:WithinOneYear2023-05-3102262638ns10:Originalns5:WithinOneYear2022-05-3102262638ns5:BetweenOneFiveYearsns10:Original2023-05-3102262638ns5:BetweenOneFiveYearsns10:Original2022-05-3102262638ns10:Originalns5:AllPeriods2023-05-3102262638ns10:Originalns5:AllPeriods2022-05-31
REGISTERED NUMBER: 02262638 (England and Wales)






















Enertek International Limited

Unaudited Financial Statements for the Year Ended 31st May 2023






Enertek International Limited (Registered number: 02262638)






Contents of the Financial Statements
for the year ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Enertek International Limited

Company Information
for the year ended 31st May 2023







DIRECTOR: P A Needley





SECRETARY: P A Needley





REGISTERED OFFICE: 1 Malmo Road
Sutton Fields
Hull
HU7 0YF





REGISTERED NUMBER: 02262638 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Enertek International Limited (Registered number: 02262638)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,415 275,059

CURRENT ASSETS
Stocks 109,324 120,878
Debtors 5 188,258 259,919
Cash at bank 817,315 959,851
1,114,897 1,340,648
CREDITORS
Amounts falling due within one year 6 788,776 986,015
NET CURRENT ASSETS 326,121 354,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,536

629,692

CREDITORS
Amounts falling due after more than one
year

7

34,168

45,558
NET ASSETS 575,368 584,134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 575,268 584,034
SHAREHOLDERS' FUNDS 575,368 584,134

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

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

Enertek International Limited (Registered number: 02262638)

Balance Sheet - continued
31st May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd February 2024 and were signed by:





P A Needley - Director


Enertek International Limited (Registered number: 02262638)

Notes to the Financial Statements
for the year ended 31st May 2023

1. STATUTORY INFORMATION

Enertek International 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.
Plant and machinery etc - 25% on reducing balance

Government grants
Government grants received in respect of fixed assets are released to the profit and loss account in equal annual amounts over the estimated useful economic lives of the specific asset they relate to.

Other government grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Enertek International Limited (Registered number: 02262638)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

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 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 334,349
Additions 33,469
At 31st May 2023 367,818
DEPRECIATION
At 1st June 2022 59,290
Charge for year 25,113
At 31st May 2023 84,403
NET BOOK VALUE
At 31st May 2023 283,415
At 31st May 2022 275,059

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 126,264 237,944
Other debtors 61,994 21,975
188,258 259,919

Enertek International Limited (Registered number: 02262638)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,200 139,749
Amounts owed to group undertakings 654,039 672,479
Taxation and social security 47,088 25,786
Other creditors 36,449 148,001
788,776 986,015

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 34,168 45,558

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 1,820
Between one and five years 4,456 -
4,456 1,820

9. OTHER FINANCIAL COMMITMENTS

Within other creditors is an amount of £1,613 relating to pension contributions yet to be paid at the year end (2022 £8,838).

10. ULTIMATE PARENT COMPANY

Enertek R&D Group Limited is the company's ultimate parent undertaking.