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REGISTERED NUMBER: 08399613 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Energy Optimised Limited

Energy Optimised Limited (Registered number: 08399613)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Energy Optimised Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D H Veitch
R D Williams





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Berkshire
RG8 7LY





REGISTERED NUMBER: 08399613 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Energy Optimised Limited (Registered number: 08399613)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 41,920 9,677
Cash at bank 19,053 10,371
60,973 20,048
CREDITORS
Amounts falling due within one year 6 204,978 156,202
NET CURRENT LIABILITIES (144,005 ) (136,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(144,005

)

(136,154

)

CREDITORS
Amounts falling due after more than one
year

7

11,667

21,667
NET LIABILITIES (155,672 ) (157,821 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (155,772 ) (157,921 )
SHAREHOLDERS' FUNDS (155,672 ) (157,821 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




R D Williams - Director


Energy Optimised Limited (Registered number: 08399613)

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

1. STATUTORY INFORMATION

Energy Optimised Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have reviewed the accounting policy for the preparation of the accounts and in view of the continued financial support of the shareholders and major creditors of the business they have concluded that the preparation of the accounts under going concern concept is appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,503
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,503
NET BOOK VALUE
At 31 March 2024 -

Energy Optimised Limited (Registered number: 08399613)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 41,920 9,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,602 10,448
Taxation and social security 10,764 7,412
Other creditors 181,612 128,342
204,978 156,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. RELATED PARTY DISCLOSURES

Combustion and Energy Systems Limited, a company incorporated and registered in Canada, is a shareholder of the company. As at 31 March 2024 the company owed Combustion and Energy Systems Limited £124,270 (2023 : £124,270). This balance is interest free and repayable on demand.