2023-02-012024-01-312024-01-31false11754189Esso Systems 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Esso Systems Limited

Registered Number
11754189
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Esso Systems Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Ambroise Marco Owona-Essomba

Registered Address

Unit 4 City Limits
Danehill
Reading
RG6 4UP

Registered Number

11754189 (England and Wales)
Esso Systems Limited
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3291450
Investments4677,0651,767,128
677,3561,767,578
Current assets
Debtors575,50066,956
Cash at bank and on hand-16,590
75,50083,546
Creditors amounts falling due within one year6(57,564)(58,727)
Net current assets (liabilities)17,93624,819
Total assets less current liabilities695,2921,792,397
Creditors amounts falling due after one year7(23,993)(25,833)
Provisions for liabilities8(167,813)(86)
Net assets503,4861,766,478
Capital and reserves
Called up share capital11
Revaluation reserve503,0541,765,897
Profit and loss account431580
Shareholders' funds503,4861,766,478
The financial statements were approved and authorised for issue by the Director on 5 August 2024, and are signed on its behalf by:
Ambroise Marco Owona-Essomba
Director
Registered Company No. 11754189
Esso Systems Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised as the contractual activity progresses.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 231,5041,504
At 31 January 241,5041,504
Depreciation and impairment
At 01 February 231,0541,054
Charge for year159159
At 31 January 241,2131,213
Net book value
At 31 January 24291291
At 31 January 23450450
4.Fixed asset investments

Investments in groups1

Other investments2

Total

£££
Cost or valuation
At 01 February 231,766,2808481,767,128
Revaluations(1,095,029)4,966(1,090,063)
At 31 January 24671,2515,814677,065
Net book value
At 31 January 24671,2515,814677,065
At 31 January 231,766,2808481,767,128

Notes

1Investments in group undertakings and participating interests
2Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Other debtors73,41664,039
Prepayments and accrued income2,0842,917
Total75,50066,956
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,048372
Bank borrowings and overdrafts10,00010,000
Taxation and social security44,51646,871
Accrued liabilities and deferred income-1,484
Total57,56458,727
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts23,99325,833
Total23,99325,833
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)167,81386
Total167,81386
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Ambroise Marco Owona-Essomba30,87645,59531,13445,337
30,87645,59531,13445,337
The Directors advances are unsecured, repayable on demand and interest was charged at HMRC's official rate.