Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseOther research and experimental development on natural sciences and engineering33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13949000 2023-01-01 2023-12-31 13949000 2022-03-02 2022-12-31 13949000 2023-12-31 13949000 2022-12-31 13949000 c:Director2 2023-01-01 2023-12-31 13949000 d:ComputerEquipment 2023-01-01 2023-12-31 13949000 d:ComputerEquipment 2023-12-31 13949000 d:ComputerEquipment 2022-12-31 13949000 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13949000 d:CurrentFinancialInstruments 2023-12-31 13949000 d:CurrentFinancialInstruments 2022-12-31 13949000 d:Non-currentFinancialInstruments 2023-12-31 13949000 d:Non-currentFinancialInstruments 2022-12-31 13949000 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13949000 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13949000 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13949000 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13949000 d:ShareCapital 2023-12-31 13949000 d:ShareCapital 2022-12-31 13949000 d:SharePremium 2023-12-31 13949000 d:SharePremium 2022-12-31 13949000 d:RetainedEarningsAccumulatedLosses 2023-12-31 13949000 d:RetainedEarningsAccumulatedLosses 2022-12-31 13949000 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13949000 c:OrdinaryShareClass1 2023-12-31 13949000 c:OrdinaryShareClass1 2022-12-31 13949000 c:FRS102 2023-01-01 2023-12-31 13949000 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13949000 c:FullAccounts 2023-01-01 2023-12-31 13949000 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13949000 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13949000









AEGIS ENERGY LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
AEGIS ENERGY LTD
REGISTERED NUMBER: 13949000

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,900
1,099

  
14,900
1,099

Current assets
  

Debtors: amounts falling due within one year
 5 
178,196
5,071

Cash at bank and in hand
  
308,864
1,119,452

  
487,060
1,124,523

Creditors: amounts falling due within one year
 6 
(332,666)
(282,190)

Net current assets
  
 
 
154,394
 
 
842,333

Total assets less current liabilities
  
169,294
843,432

Creditors: amounts falling due after more than one year
  
(546,682)
-

  

Net (liabilities)/assets
  
(377,388)
843,432


Capital and reserves
  

Called up share capital 
 8 
1,310
1,228

Share premium account
  
1,698,848
1,219,779

Profit and loss account
  
(2,077,546)
(377,575)

  
(377,388)
843,432


Page 1

 
AEGIS ENERGY LTD
REGISTERED NUMBER: 13949000
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M L Shaw
Director
Date: 7 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The principal activity of Aegis Energy Ltd during the period under review was that of providing consultancy, financing and project advisory support, design, planning and development services for the roll out of green energy refuelling infrastructure to decarbonise trucks and lorries in the UK.
The Company is a private company limited by shares and was incorporated in England and Wales on 2 March 2022.
The registered office address is 27-31 Clerkenwell Close, Unit Cs.G21 Clerkenwell Workshops, Farringdon, London, EC1R 0AT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company is supported by the shareholders which is to continue for the next 12 months and beyond. Accordingly, the directors consider that it is appropriate to prepare the accounts on a going concern basis. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
50%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Investments in non-derivative instruments that are equity to the issuer are measured:
- at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2022 - 3). 

Page 6

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
1,256


Additions
18,524



At 31 December 2023

19,780



Depreciation


At 1 January 2023
157


Charge for the period on owned assets
4,723



At 31 December 2023

4,880



Net book value



At 31 December 2023
14,900



At 31 December 2022
1,099

Page 7

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
59,110
5,071

Prepayments
119,086
-

178,196
5,071



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
261,858
-

Other creditors
23,687
2,796

Accruals
47,121
279,394

332,666
282,190



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
546,682
-


Page 8

 
AEGIS ENERGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



130,957,567 (2022 - 122,789,949) Ordinary A shares of £0.00001 each
1,310
1,228


During the period, 8,167,618 Ordinary A shares were issued at a nominal value of £0.00001 each. The aggregate nominal value of the shares issued was £82. An aggregate premium of £479,069 was paid on the issue of these shares. 


9.


Related party transactions

Included within other creditors is a balance of £nil (2022: £2,796) owed to directors and shareholders of the company. The balance is unsecured and interest free. 

 
Page 9