Exergy Solutions Limited 13532972 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Exergy Solutions Limited’s main roles include project development and engineering services for its parent company, Exergy Power Systems, Inc. Project development entails identifying new project sites and customers, project management, including liaison with stakeholders, such as planning authority and network operators, operation and maintenance and commercial operation. Engineering services related to project specific engineering services, such as electrical and mechanical drawings, as well as technical development of battery and fuel cell systems. Digita Accounts Production Advanced 6.30.9574.0 true true true 13532972 2023-04-01 2024-03-31 13532972 2024-03-31 13532972 core:RetainedEarningsAccumulatedLosses 2024-03-31 13532972 core:ShareCapital 2024-03-31 13532972 core:CurrentFinancialInstruments 2024-03-31 13532972 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13532972 bus:SmallEntities 2023-04-01 2024-03-31 13532972 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13532972 bus:FullAccounts 2023-04-01 2024-03-31 13532972 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13532972 bus:RegisteredOffice 2023-04-01 2024-03-31 13532972 bus:Director1 2023-04-01 2024-03-31 13532972 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13532972 1 2023-04-01 2024-03-31 13532972 countries:EnglandWales 2023-04-01 2024-03-31 13532972 2022-04-01 2023-03-31 13532972 2023-03-31 13532972 core:RetainedEarningsAccumulatedLosses 2023-03-31 13532972 core:ShareCapital 2023-03-31 13532972 core:CurrentFinancialInstruments 2023-03-31 13532972 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13532972

Exergy Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Exergy Solutions Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

Exergy Solutions Limited

(Registration number: 13532972)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

21,334

28,087

Cash at bank and in hand

 

99,151

11,537

 

120,485

39,624

Creditors: Amounts falling due within one year

5

(1,283,818)

(568,185)

Net liabilities

 

(1,163,333)

(528,561)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,163,433)

(528,661)

Shareholders' deficit

 

(1,163,333)

(528,561)

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 5 August 2024
 

.........................................
Mike Musil
Director

   
     
 

Exergy Solutions 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 England and Wales.

The address of its registered office is:
2.18 Trafford House
Chester Road
Old Trafford
Stretford
Greater Manchester
M32 0RS

These financial statements were authorised for issue by the director on 5 August 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

These financial statements have been prepared using the historical cost convention.

Going concern

The company has net liabilities at the statement of financial position date. The company is supported by working capital provided by the parent company and the director is not aware of any reason why this support would be withdrawn. It is on that basis that the financial statements have been prepared on a going concern basis.

Tax

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 taxable income.

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 the director) during the year, was 8 (2023 - 5).

 

Exergy Solutions Limited

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

4

Debtors

2024
£

2023
£

Prepayments

13,625

13,866

Other debtors

7,709

14,221

21,334

28,087

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

650

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,245,000

545,000

Taxation and social security

 

13,473

15,694

Accruals and deferred income

 

21,803

6,033

Other creditors

 

2,892

1,458

 

1,283,818

568,185

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £11,461 (2023 - £23,941).

7

Parent and ultimate parent undertaking

The company's immediate parent is Exergy Power Systems Inc, incorporated in Japan. The registered office of Exergy Power Systems Inc. is The University of Tokyo, Entrepreneur Plaza, Hongo 7-3-1, Bunkyo, Tokyo, Japan 113-0033.