Company Registration No. 06767298 (England and Wales)
ENERGY MANAGEMENT PRODUCTS LTD
Unaudited accounts
for the year ended 31 March 2023
ENERGY MANAGEMENT PRODUCTS LTD
Unaudited accounts
Contents
ENERGY MANAGEMENT PRODUCTS LTD
Company Information
for the year ended 31 March 2023
Directors
Barry Chuter
Ian Chuter
Company Number
06767298 (England and Wales)
Registered Office
44 High Street
West End
Southampton
SO30 3DR
Accountants
BBK Accounts Ltd
44 High Street
West End
Southampton
Hampshire
SO30 3DR
ENERGY MANAGEMENT PRODUCTS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
17,818
17,257
Cash at bank and in hand
50,386
52,664
Creditors: amounts falling due within one year
(919)
(584)
Net current assets
52,235
56,457
Total assets less current liabilities
70,053
73,714
Provisions for liabilities
Deferred tax
(3,385)
(3,279)
Called up share capital
100
100
Profit and loss account
66,568
70,335
Shareholders' funds
66,668
70,435
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
Barry Chuter
Director
Company Registration No. 06767298
ENERGY MANAGEMENT PRODUCTS LTD
Notes to the Accounts
for the year ended 31 March 2023
ENERGY MANAGEMENT PRODUCTS LTD is a private company, limited by shares, registered in England and Wales, registration number 06767298. The registered office is 44 High Street, West End, Southampton, SO30 3DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
10% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ENERGY MANAGEMENT PRODUCTS LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
24,233
31,294
55,527
At 31 March 2023
24,233
33,475
57,708
At 1 April 2022
20,999
17,271
38,270
Charge for the year
-
1,620
1,620
At 31 March 2023
20,999
18,891
39,890
At 31 March 2023
3,234
14,584
17,818
At 31 March 2022
3,234
14,023
17,257
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
126
10
Taxes and social security
-
1,341
Loans from directors
214
214
7
Deferred taxation
2023
2022
Accelerated capital allowances
3,385
3,279
Provision at start of year
3,279
3,298
Charged/(credited) to the profit and loss account
106
(19)
Provision at end of year
3,385
3,279
ENERGY MANAGEMENT PRODUCTS LTD
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
96 A Ordinary shares of £1 each
96
96
1 B Ordinary shares of £1 each
1
1
1 C Ordinary shares of £1 each
1
1
1 D Ordinary shares of £1 each
1
1
1 E Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).