Energy Won UK Limited 8642148 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is The company’s principal activities during the year remained those of lead generation and holiday rental. Digita Accounts Production Advanced 6.30.9574.0 true 8642148 2023-04-01 2024-03-31 8642148 2024-03-31 8642148 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-03-31 8642148 core:CurrentFinancialInstruments 2024-03-31 8642148 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 8642148 core:Non-currentFinancialInstruments 2024-03-31 8642148 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 8642148 core:FurnitureFittings 2024-03-31 8642148 core:FurnitureFittingsToolsEquipment 2024-03-31 8642148 core:OfficeEquipment 2024-03-31 8642148 core:PlantMachinery 2024-03-31 8642148 1 2024-03-31 8642148 bus:SmallEntities 2023-04-01 2024-03-31 8642148 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 8642148 bus:FilletedAccounts 2023-04-01 2024-03-31 8642148 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 8642148 bus:RegisteredOffice 2023-04-01 2024-03-31 8642148 bus:Director2 2023-04-01 2024-03-31 8642148 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2023-04-01 2024-03-31 8642148 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 8642148 core:ComputerEquipment 2023-04-01 2024-03-31 8642148 core:FurnitureFittings 2023-04-01 2024-03-31 8642148 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 8642148 core:OfficeEquipment 2023-04-01 2024-03-31 8642148 core:PlantMachinery 2023-04-01 2024-03-31 8642148 1 2023-04-01 2024-03-31 8642148 countries:AllCountries 2023-04-01 2024-03-31 8642148 2023-03-31 8642148 core:FurnitureFittings 2023-03-31 8642148 core:FurnitureFittingsToolsEquipment 2023-03-31 8642148 core:OfficeEquipment 2023-03-31 8642148 core:PlantMachinery 2023-03-31 8642148 2022-04-01 2023-03-31 8642148 2023-03-31 8642148 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2023-03-31 8642148 core:CurrentFinancialInstruments 2023-03-31 8642148 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 8642148 core:Non-currentFinancialInstruments 2023-03-31 8642148 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 8642148 core:FurnitureFittings 2023-03-31 8642148 core:FurnitureFittingsToolsEquipment 2023-03-31 8642148 core:OfficeEquipment 2023-03-31 8642148 core:PlantMachinery 2023-03-31 8642148 1 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 8642148

Energy Won UK Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Energy Won UK Limited

(Registration number: 8642148)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

98,306

109,845

Current assets

 

Debtors

5

73,423

94,416

Cash at bank and in hand

 

337,758

213,813

 

411,181

308,229

Creditors: Amounts falling due within one year

6

(243,833)

(165,420)

Net current assets

 

167,348

142,809

Total assets less current liabilities

 

265,654

252,654

Creditors: Amounts falling due after more than one year

6

(8,009)

(10,985)

Provisions for liabilities

(4,256)

(3,316)

Net assets

 

253,389

238,353

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

252,389

237,353

Shareholders' funds

 

253,389

238,353

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Energy Won UK Limited

(Registration number: 8642148)
Balance Sheet as at 31 March 2024
(continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 June 2024 and signed on its behalf by:
 

.........................................
Mrs Elaine Watson
Director

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Engalnd.

The address of its registered office is:
St Ethelbert House
Ryeland Street
Hereford
HR4 0LA

The principal place of business is:
Unit 2
Shipton Close
Worcester
WR4 9XN

These financial statements were authorised for issue by the Board on 20 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

2

Accounting policies (continued)

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Asset class

Depreciation method and rate

Computer equipment

33% of cost per annum

Plant and machinery

10% of cost per annum

Fixtures and fittings

20% of cost per annum

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

117,776

117,776

Additions

508

508

Disposals

(733)

(733)

At 31 March 2024

117,551

117,551

Depreciation

At 1 April 2023

7,931

7,931

Charge for the year

12,047

12,047

Eliminated on disposal

(733)

(733)

At 31 March 2024

19,245

19,245

Carrying amount

At 31 March 2024

98,306

98,306

At 31 March 2023

109,845

109,845

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

4

Tangible assets (continued)

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

1,958

113,045

2,773

117,776

Additions

-

508

-

508

Disposals

-

-

(733)

(733)

At 31 March 2024

1,958

113,553

2,040

117,551

Depreciation

At 1 April 2023

952

4,711

2,268

7,931

Charge for the year

391

11,342

314

12,047

Eliminated on disposal

-

-

(733)

(733)

At 31 March 2024

1,343

16,053

1,849

19,245

Carrying amount

At 31 March 2024

615

97,500

191

98,306

At 31 March 2023

1,006

108,334

505

109,845

5

Debtors

Current

2024
£

2023
£

Trade debtors

62,890

85,599

Prepayments

10,533

8,817

 

73,423

94,416

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,720

10,277

Trade creditors

 

20,284

5,471

Taxation and social security

 

80,035

40,957

Accruals and deferred income

 

69,642

96,261

Other creditors

 

67,152

12,454

 

243,833

165,420

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,009

10,985

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

1,000

1,000

1,000

1,000

       
 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,009

10,985

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,720

10,277

Bank borrowings

Bank loan is denominated in Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 31 May 2026. The carrying amount at year end is £14,729 (2023 - £21,262).

100% secured by UK Government.

Other borrowings

 

Energy Won UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
(continued)

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,000 (2023 - £7,000). The company had total commitments under non-cancellable operating leases over the remaining life of those leases.