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Registration number: 09071214

Energician Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Energician Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Energician Limited

Company Information

Directors

G M Rogers

V H Rogers

Registered office

Unit 1 Mill Hill Industrial Estate
Flower Lane
London
NW7 2HU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Energician Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

4,433

4,701

Investments

5

100

100

 

4,533

4,801

Current assets

 

Debtors

6

1

1

Creditors: Amounts falling due within one year

7

(86,686)

(72,475)

Net current liabilities

 

(86,685)

(72,474)

Net liabilities

 

(82,152)

(67,673)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(82,153)

(67,674)

Shareholders' deficit

 

(82,152)

(67,673)

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.

Directors' 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 directors acknowledge their 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 3 October 2024 and signed on its behalf by:
 

.........................................

G M Rogers

Director

Company registration number: 09071214

 

Energician 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:
Unit 1 Mill Hill Industrial Estate
Flower Lane
London
NW7 2HU

The principal activity of the company is that of the development of health and wellbeing products.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss for the year ended 31 March 2024 and had a deficiency of net assets at that date amounting to £82,152. At this date an amount of £83,686 was due to an entity under common control which has confirmed it will not call for repayment until such time as the company has sufficient working capital.

After making enquiries and taking into account the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the services provided in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Energician Limited

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

10% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 during the year was 0 (2023 - 0).

4

Intangible assets

Trademarks
£

Total
£

Cost or valuation

At 1 April 2023

5,876

5,876

Additions

320

320

At 31 March 2024

6,196

6,196

Amortisation

At 1 April 2023

1,175

1,175

Amortisation charge

588

588

At 31 March 2024

1,763

1,763

Carrying amount

At 31 March 2024

4,433

4,433

At 31 March 2023

4,701

4,701

 

Energician Limited

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

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 April 2023

100

At 31 March 2024

100

Carrying amount

At 31 March 2024

100

At 31 March 2023

100

6

Debtors

2024
£

2023
£

Other debtors

1

1

1

1

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

3,000

3,000

Other creditors

83,686

69,475

86,686

72,475

8

Related party transactions

Exemption has been taken under FRS 102 paragraph 1AC.35 from disclosing transactions or amounts falling due between companies that are wholly owned within the group.