Company registration number 09908800 (England and Wales)
ENERGY LAW SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ENERGY LAW SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
ENERGY LAW SOLUTIONS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
12,598
7,892
Investment property
5
925,000
778,537
937,598
786,429
Current assets
Debtors
6
55,991
35,383
Cash at bank and in hand
170,654
295,696
226,645
331,079
Creditors: amounts falling due within one year
7
(93,663)
(99,836)
Net current assets
132,982
231,243
Total assets less current liabilities
1,070,580
1,017,672
Provisions for liabilities
(3,150)
(1,973)
Net assets
1,067,430
1,015,699
Capital and reserves
Called up share capital
100
100
Revaluation reserve
(111,145)
(16,717)
Profit and loss reserves
1,178,475
1,032,316
Total equity
1,067,430
1,015,699
ENERGY LAW SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 November 2024
K. McGrory
Director
Company registration number 09908800 (England and Wales)
ENERGY LAW SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2022
100
-
0
739,872
739,972
Year ended 31 December 2022:
Profit and total comprehensive income
-
-
344,267
344,267
Dividends
-
-
(68,540)
(68,540)
Other movements
-
(16,717)
16,717
-
Balance at 31 December 2022
100
(16,717)
1,032,316
1,015,699
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
197,731
197,731
Dividends
-
-
(146,000)
(146,000)
Other movements
-
(94,428)
94,428
-
Balance at 31 December 2023
100
(111,145)
1,178,475
1,067,430
ENERGY LAW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Energy Law Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Birchwood, 28 School Lane, Chalfont St Peter, Gerrards Cross, Bucks, SL9 9BA.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. 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 services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised at the time the service was carried out.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33.33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially

recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date by the Directors of the company. The surplus or deficit on revaluation is recognised in the profit or loss with accumulated surplus on fair value measurement being transferred and presented in a separate "investment property revaluation reserve" in equity. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

ENERGY LAW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

 

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. Financial liabilities classified as payable within one year are not amortised.

 

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.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account,

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ENERGY LAW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
2
Employees

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

2023
2022
Number
Number
Total
1
1
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
89,209
86,787
Deferred tax
Origination and reversal of timing differences
1,177
1,776
Total tax charge
90,386
88,563
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
14,724
Additions
9,100
At 31 December 2023
23,824
Depreciation and impairment
At 1 January 2023
6,832
Depreciation charged in the year
4,394
At 31 December 2023
11,226
Carrying amount
At 31 December 2023
12,598
At 31 December 2022
7,892
ENERGY LAW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
5
Investment property
2023
£
Fair value
At 1 January 2023
778,537
Additions
240,891
Revaluations
(94,428)
At 31 December 2023
925,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31st December 2023 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

 

6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
55,199
34,750
Other debtors
792
633
55,991
35,383
7
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
89,209
86,787
Other creditors
4,454
13,049
93,663
99,836
8
Directors' transactions

Dividends totalling £146,000 (2022 - £68,540) were paid in the year in respect of shares held by the company's directors.

Included within other creditors is £562 (2022: £9,416 ) owed to the director.

2023-12-312023-01-01false28 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityK. McGroryfalsefalse099088002023-01-012023-12-31099088002023-12-31099088002022-12-3109908800core:OtherPropertyPlantEquipment2023-12-3109908800core:OtherPropertyPlantEquipment2022-12-3109908800core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3109908800core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3109908800core:CurrentFinancialInstruments2023-12-3109908800core:CurrentFinancialInstruments2022-12-3109908800core:ShareCapital2023-12-3109908800core:ShareCapital2022-12-3109908800core:RevaluationReserve2023-12-3109908800core:RevaluationReserve2022-12-3109908800core:RetainedEarningsAccumulatedLosses2023-12-3109908800core:RetainedEarningsAccumulatedLosses2022-12-3109908800core:ShareCapital2021-12-3109908800core:RevaluationReserve2021-12-3109908800bus:Director12023-01-012023-12-3109908800core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31099088002022-01-012022-12-3109908800core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3109908800core:FurnitureFittings2023-01-012023-12-3109908800core:ComputerEquipment2023-01-012023-12-3109908800core:MotorVehicles2023-01-012023-12-3109908800core:UKTax2023-01-012023-12-3109908800core:UKTax2022-01-012022-12-3109908800core:OtherPropertyPlantEquipment2022-12-3109908800core:OtherPropertyPlantEquipment2023-01-012023-12-31099088002022-12-3109908800core:WithinOneYear2023-12-3109908800core:WithinOneYear2022-12-3109908800bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109908800bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109908800bus:FRS1022023-01-012023-12-3109908800bus:AuditExemptWithAccountantsReport2023-01-012023-12-3109908800bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP