IRIS Accounts Production v24.1.0.578 08893883 director 1.3.23 29.2.24 29.2.24 false true false false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088938832023-02-28088938832024-02-29088938832023-03-012024-02-29088938832022-02-28088938832022-03-012023-02-28088938832023-02-2808893883ns15:EnglandWales2023-03-012024-02-2908893883ns14:PoundSterling2023-03-012024-02-2908893883ns10:Director12023-03-012024-02-2908893883ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908893883ns10:Micro-entities2023-03-012024-02-2908893883ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2908893883ns10:FullAccounts2023-03-012024-02-290889388312023-03-012024-02-2908893883ns5:CurrentFinancialInstruments2024-02-2908893883ns5:CurrentFinancialInstruments2023-02-2808893883ns5:Non-currentFinancialInstruments2024-02-2908893883ns5:Non-currentFinancialInstruments2023-02-2808893883ns10:RegisteredOffice2023-03-012024-02-29088938831ns10:Director12023-02-28088938831ns10:Director12022-02-28088938831ns10:Director12023-03-012024-02-29088938831ns10:Director12022-03-012023-02-28088938831ns10:Director12024-02-29088938831ns10:Director12023-02-28
REGISTERED NUMBER: 08893883 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

OPTION ENERGY SOLUTIONS LTD

OPTION ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 08893883)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024




Page

Balance Sheet 1


OPTION ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 08893883)

BALANCE SHEET
29 February 2024

2024 2023
£    £    £    £   
FIXED ASSETS 1,298 1,366

CURRENT ASSETS 48,490 56,277

CREDITORS
Amounts falling due within one year (43,002 ) (39,167 )
NET CURRENT ASSETS 5,488 17,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,786

18,476

CREDITORS
Amounts falling due after more than one
year

6,250

11,250
NET ASSETS 536 7,226

CAPITAL AND RESERVES 536 7,226

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Option Energy Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08893883

Registered office: 9 Penlands Way
Steyning
West Sussex
BN44 3PN

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

OPTION ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 08893883)

BALANCE SHEET - continued
29 February 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M Paini
Balance outstanding at start of year 3,764 9,962
Amounts advanced 5,182 305
Amounts repaid (312 ) (6,503 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,634 3,764

The outstanding loan is interest free, unsecured and repayable on demand



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





M Paini - Director