Company Registration No. 11042157 (England and Wales)
DIGITAL POWER ENERGY SUPPLY UK LIMITED
(FORMALLY ENERGISE BRITAIN GAS & ELECTRIC LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
DIGITAL POWER ENERGY SUPPLY UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DIGITAL POWER ENERGY SUPPLY UK LIMITED
Company Registration No. 11042157
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
8,952
10
Creditors: amounts falling due within one year
4
(145,940)
(82,573)
Net current liabilities
(136,988)
(82,563)
Capital and reserves
Called up share capital
5
10
10
Profit and loss reserves
(136,998)
(82,573)
Total equity
(136,988)
(82,563)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 August 2024 and are signed on its behalf by:
C Muriel
Director
DIGITAL POWER ENERGY SUPPLY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Digital Power Energy Supply UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4/4a Bloomsbury Square, London, England, WC1A 2RP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company has truemade a loss of £54,425 and has net liabilities of £136,988. Included in creditors are amounts due to the parent undertaking company, Digital Power UK Limited, of £110,097. The ultimate parent company has confirmed that they will continue to support the company for the foreseeable future and is confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.

1.3
Reporting period

The accounts cover the period from 1 December 2022 to 31 December 2023.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value net of transactions costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

DIGITAL POWER ENERGY SUPPLY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2022
Number
Number
Total
2
3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
175
-
0
Other debtors
8,777
10
8,952
10
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
25,943
80,823
Amounts owed to group undertakings
111,097
-
0
Other creditors
8,900
1,750
145,940
82,573
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
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