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REGISTERED NUMBER: 14377477 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

The Energy Specialists 2020 Ltd

The Energy Specialists 2020 Ltd (Registered number: 14377477)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Energy Specialists 2020 Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P Whittaker
D Brighton
J Singleton





REGISTERED OFFICE: Mansfield House
22 Northgate
Sleaford
Lincolnshire
NG34 7DA





REGISTERED NUMBER: 14377477 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

The Energy Specialists 2020 Ltd (Registered number: 14377477)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215 269

CURRENT ASSETS
Debtors 5 804 4,459
Cash at bank 11,140 61
11,944 4,520
CREDITORS
Amounts falling due within one year 6 54,518 33,850
NET CURRENT LIABILITIES (42,574 ) (29,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,359

)

(29,061

)

PROVISIONS FOR LIABILITIES 41 67
NET LIABILITIES (42,400 ) (29,128 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (42,500 ) (29,228 )
SHAREHOLDERS' FUNDS (42,400 ) (29,128 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 December 2024 and were signed on its behalf by:





D Brighton - Director


The Energy Specialists 2020 Ltd (Registered number: 14377477)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Energy Specialists 2020 Ltd 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.

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.
Fixtures and fittings - 20% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
At the year end the company's liabilities exceeded its assets by £42,400 (2023: £29,128). The shareholders have confirmed that they will continue to support the company to enable it to meet its liabilities as they fall due for a period of not less than twelve months from the date of signing the financial statements. The financial statements have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

The Energy Specialists 2020 Ltd (Registered number: 14377477)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 329
DEPRECIATION
At 1 October 2023 60
Charge for year 54
At 30 September 2024 114
NET BOOK VALUE
At 30 September 2024 215
At 30 September 2023 269

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 760 1,024
Other debtors 44 3,435
804 4,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,727 1
Amounts owed to group undertakings 39,670 32,708
Taxation and social security 10,937 849
Other creditors 1,184 292
54,518 33,850

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Share Capital £1 100 100

8. RELATED PARTY DISCLOSURES

During the year the company received a loan from a parent company. The loan amounted to £39,670 (2023: £32,708). This loan is repayable on demand and no interest has been charged.

9. ULTIMATE CONTROLLING PARTY

The entity's controlling parent company is The Waste Specialists Limited whose registered office address is 14 Halifax Court Fernwood Business Park, Cross Lane, Newark, Nottinghamshire, NG24 3JP.
No one individual controls the parent company.