Company registration number 10769307 (England and Wales)
D-ENERGi Trading Limited
financial statements
For the year ended 31 March 2024
D-Energi Trading Limited
D-ENERGi Trading Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
D-Energi Trading Limited
D-ENERGi Trading Limited
Statement of financial position
As at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,500
4,000
Current assets
Debtors
4
4,269,946
3,793,099
Cash at bank and in hand
1,499,589
914,285
5,769,535
4,707,384
Creditors: amounts falling due within one year
5
(5,607,347)
(4,647,500)
Net current assets
162,188
59,884
Net assets
165,688
63,884
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
165,687
63,883
Total equity
165,688
63,884

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 28 October 2024 and are signed on its behalf by:
Mr S Ahmed
Director
Company registration number 10769307 (England and Wales)
D-ENERGi Trading Limited
Notes to the financial statements
For the year ended 31 March 2024
- 2 -
1
Accounting policies
Company information

D-ENERGi Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is D-ENERGi Business Complex, Unit D, Madison Place, Central Park, Northampton Road, Manchester, England, M40 5AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets other than goodwill

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.

 

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

 

Patents & licences
10% on cost
1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

D-ENERGi Trading Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
- 3 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.5
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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the statement of financial position date.

 

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

 

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.

 

D-ENERGi Trading Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
3
Intangible fixed assets
Other
£
Cost
At 1 April 2023 and 31 March 2024
5,000
Amortisation and impairment
At 1 April 2023
1,000
Amortisation charged for the year
500
At 31 March 2024
1,500
Carrying amount
At 31 March 2024
3,500
At 31 March 2023
4,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
23,534
1,037,932
Other debtors
1,202,787
109,255
Prepayments and accrued income
3,043,625
2,645,912
4,269,946
3,793,099
D-ENERGi Trading Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
167,501
70,825
Amounts owed to group undertakings
1,662,248
1,986,544
Corporation tax
31,758
9,616
Other taxation and social security
543,129
505,439
Other creditors
82,978
44,699
Accruals and deferred income
3,119,733
2,030,377
5,607,347
4,647,500
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Susan Redmond FCA
Statutory Auditor:
DJH Audit Limited
Date of audit report:
28 October 2024
7
Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8
Parent company

By virtue of the shareholdings, the ultimate parent company is UK Healthcare Corporation Limited, a company registered in England and Wales.

 

The financial statements of the company are consolidated in the financial statements of UK Healthcare Corporation Limited. These consolidated financial statements are available from its registered office, Unit D, Madison Place Central Park, Northampton Road, Manchester M04 5AG.

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