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REGISTERED NUMBER: 09888515 (England and Wales)














GETENERGY FIELD READY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GETENERGY FIELD READY LTD (REGISTERED NUMBER: 09888515)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


GETENERGY FIELD READY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P J Andrews
Mr T Henault
Mrs K M Shaw





REGISTERED OFFICE: Landgate Chambers
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 09888515 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GETENERGY FIELD READY LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Getenergy Field Ready Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Getenergy Field Ready Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Getenergy Field Ready Ltd and state those matters that we have agreed to state to the Board of Directors of Getenergy Field Ready Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Getenergy Field Ready Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Getenergy Field Ready Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Getenergy Field Ready Ltd. You consider that Getenergy Field Ready Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Getenergy Field Ready Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ


26 September 2024

GETENERGY FIELD READY LTD (REGISTERED NUMBER: 09888515)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,025 6,247
Tangible assets 5 475 1,737
20,500 7,984

CURRENT ASSETS
Debtors 6 119,917 185,355
Cash at bank and in hand 192,036 100,662
311,953 286,017
CREDITORS
Amounts falling due within one year 7 419,197 412,864
NET CURRENT LIABILITIES (107,244 ) (126,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,744

)

(118,863

)

CREDITORS
Amounts falling due after more than one
year

8

571,366

576,929
NET LIABILITIES (658,110 ) (695,792 )

CAPITAL AND RESERVES
Called up share capital 9 222 222
Share premium 506,922 506,922
Retained earnings (1,165,254 ) (1,202,936 )
SHAREHOLDERS' FUNDS (658,110 ) (695,792 )

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.

GETENERGY FIELD READY LTD (REGISTERED NUMBER: 09888515)

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 26 September 2024 and were signed on its behalf by:





Mrs K M Shaw - Director


GETENERGY FIELD READY LTD (REGISTERED NUMBER: 09888515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Getenergy Field Ready Ltd 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.

The accounts have been prepared on a going concern basis as the company has the full financial support of the directors and other external investors.

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

GETENERGY FIELD READY LTD (REGISTERED NUMBER: 09888515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 8,611
Additions 15,509
At 31 December 2023 24,120
AMORTISATION
At 1 January 2023 2,364
Charge for year 1,731
At 31 December 2023 4,095
NET BOOK VALUE
At 31 December 2023 20,025
At 31 December 2022 6,247

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,001 8,456 9,457
DEPRECIATION
At 1 January 2023 685 7,035 7,720
Charge for year 65 1,197 1,262
At 31 December 2023 750 8,232 8,982
NET BOOK VALUE
At 31 December 2023 251 224 475
At 31 December 2022 316 1,421 1,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,558 177,231
Other debtors 61,359 8,124
119,917 185,355

GETENERGY FIELD READY LTD (REGISTERED NUMBER: 09888515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,735 5,331
Trade creditors 84,631 64,841
Taxation and social security 64,335 85,697
Other creditors 264,496 256,995
419,197 412,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,866 39,429
Other creditors 537,500 537,500
571,366 576,929

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,542 18,105

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
11,200 A Ordinary Shares 1p 112 112
4,800 B Ordinary Shares 1p 48 48
2,000 C Ordinary Shares 1p 20 20
2,000 D Ordinary Shares 1p 20 20
2,222 E Ordinary Shares 1p 22 22
222 222