IRIS Accounts Production v24.1.9.2 12182661 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121826612022-12-31121826612023-12-31121826612023-01-012023-12-31121826612021-12-31121826612022-01-012022-12-31121826612022-12-3112182661ns15:EnglandWales2023-01-012023-12-3112182661ns14:PoundSterling2023-01-012023-12-3112182661ns10:Director12023-01-012023-12-3112182661ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112182661ns10:SmallEntities2023-01-012023-12-3112182661ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112182661ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112182661ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112182661ns10:FullAccounts2023-01-012023-12-3112182661ns10:Director22023-01-012023-12-3112182661ns10:RegisteredOffice2023-01-012023-12-3112182661ns5:CurrentFinancialInstruments2023-12-3112182661ns5:CurrentFinancialInstruments2022-12-3112182661ns5:Non-currentFinancialInstruments2023-12-3112182661ns5:Non-currentFinancialInstruments2022-12-3112182661ns5:ShareCapital2023-12-3112182661ns5:ShareCapital2022-12-3112182661ns5:RetainedEarningsAccumulatedLosses2023-12-3112182661ns5:RetainedEarningsAccumulatedLosses2022-12-3112182661ns5:PlantMachinery2023-01-012023-12-3112182661ns5:FurnitureFittings2023-01-012023-12-3112182661ns5:MotorVehicles2023-01-012023-12-3112182661ns5:PlantMachinery2022-12-3112182661ns5:FurnitureFittings2022-12-3112182661ns5:MotorVehicles2022-12-3112182661ns5:ComputerEquipment2022-12-3112182661ns5:ComputerEquipment2023-01-012023-12-3112182661ns5:PlantMachinery2023-12-3112182661ns5:FurnitureFittings2023-12-3112182661ns5:MotorVehicles2023-12-3112182661ns5:ComputerEquipment2023-12-3112182661ns5:PlantMachinery2022-12-3112182661ns5:FurnitureFittings2022-12-3112182661ns5:MotorVehicles2022-12-3112182661ns5:ComputerEquipment2022-12-3112182661ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112182661ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 12182661 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DES ENERGY LIMITED

DES ENERGY LIMITED (REGISTERED NUMBER: 12182661)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DES ENERGY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: S P Egan
G A Hood





REGISTERED OFFICE: Sovereign House
Sovereign House, Sovereign Court
Poulton Le Fylde
Lancashire
FY6 8JX





REGISTERED NUMBER: 12182661 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DES ENERGY LIMITED (REGISTERED NUMBER: 12182661)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 252,607 79,159

CURRENT ASSETS
Stocks 264,887 651,883
Debtors 5 417,831 62,548
Cash at bank 506,553 108,934
1,189,271 823,365
CREDITORS
Amounts falling due within one year 6 (1,027,859 ) (644,404 )
NET CURRENT ASSETS 161,412 178,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,019

258,120

CREDITORS
Amounts falling due after more than one
year

7

(61,533

)

-

PROVISIONS FOR LIABILITIES (63,152 ) (19,790 )
NET ASSETS 289,334 238,330

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,234 238,230
289,334 238,330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DES ENERGY LIMITED (REGISTERED NUMBER: 12182661)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





G A Hood - Director


DES ENERGY LIMITED (REGISTERED NUMBER: 12182661)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

DES Energy 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

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.

Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

DES ENERGY LIMITED (REGISTERED NUMBER: 12182661)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 - - 84,483 - 84,483
Additions 680 1,032 131,512 93,978 227,202
At 31 December 2023 680 1,032 215,995 93,978 311,685
DEPRECIATION
At 1 January 2023 - - 5,324 - 5,324
Charge for year 42 171 30,046 23,495 53,754
At 31 December 2023 42 171 35,370 23,495 59,078
NET BOOK VALUE
At 31 December 2023 638 861 180,625 70,483 252,607
At 31 December 2022 - - 79,159 - 79,159

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 417,237 62,548
Prepayments 594 -
417,831 62,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 33,160 -
Trade creditors 110,508 141,840
Amounts owed to group undertakings 210,718 244,435
VAT 51,553 1,116
Other creditors 310 -
Accruals and deferred income 621,610 257,013
1,027,859 644,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 61,533 -

DES ENERGY LIMITED (REGISTERED NUMBER: 12182661)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 94,693 -

The hire purchase is secured on the assets to which it relates.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is DES Services Group UK Ltd of Sovereign House Wyrefields, Poulton Industrial Estate, FY6 8JX.