IRIS Accounts Production v24.3.0.553 10738135 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107381352023-04-30107381352024-04-30107381352023-05-012024-04-30107381352022-04-30107381352022-05-012023-04-30107381352023-04-3010738135ns15:EnglandWales2023-05-012024-04-3010738135ns14:PoundSterling2023-05-012024-04-3010738135ns10:Director12023-05-012024-04-3010738135ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010738135ns10:SmallEntities2023-05-012024-04-3010738135ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3010738135ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010738135ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010738135ns10:FullAccounts2023-05-012024-04-3010738135ns10:Director22023-05-012024-04-3010738135ns10:Director32023-05-012024-04-3010738135ns10:Director42023-05-012024-04-3010738135ns10:RegisteredOffice2023-05-012024-04-3010738135ns5:CurrentFinancialInstruments2024-04-3010738135ns5:CurrentFinancialInstruments2023-04-3010738135ns5:ShareCapital2024-04-3010738135ns5:ShareCapital2023-04-3010738135ns5:SharePremium2024-04-3010738135ns5:SharePremium2023-04-3010738135ns5:RetainedEarningsAccumulatedLosses2024-04-3010738135ns5:RetainedEarningsAccumulatedLosses2023-04-3010738135ns5:PlantMachinery2023-05-012024-04-3010738135ns5:PlantMachinery2023-04-3010738135ns5:PlantMachinery2024-04-3010738135ns5:PlantMachinery2023-04-3010738135ns5:CostValuation2023-04-3010738135ns5:DisposalsRepaymentsInvestments2024-04-3010738135ns5:CostValuation2024-04-3010738135ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3010738135ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3010738135ns5:Secured2024-04-3010738135ns5:Secured2023-04-30
REGISTERED NUMBER: 10738135 (England and Wales)















Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Envirotech Energy Solutions Limited

Envirotech Energy Solutions Limited (Registered number: 10738135)






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




Page

Company Information 1

Report of the Directors 2

Chartered Certified Accountants' Report 3

Balance Sheet 4

Notes to the Financial Statements 5 to 8


Envirotech Energy Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Miss M Hayman
C Hill
G M Thorneycroft
G M W Vanderfelt





REGISTERED OFFICE: Prospect House
11-13 Lonsdale Gardens
Tunbridge Wells
TN1 1NU





REGISTERED NUMBER: 10738135 (England and Wales)





ACCOUNTANTS: Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Envirotech Energy Solutions Limited (Registered number: 10738135)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

REVIEW OF BUSINESS
As we reflect on the fiscal year ending 30 April 2024, we continue to make positive, if not frustratingly slow, progress.

We continue to make positive steps in our mission to help the transition to net zero and achieve planning permission for our 200MW storage project in Bolney, Mid Sussex. Unfortunately, due to circumstances out of our control, we continue to face delays with our planning decision, however, we do feel that we have met all requirements and will get a positive result when our application finally gets its planning decision date.

The company remains financially stable and during the year disposed of its investment in MODO Energy providing a boost to the working capital of the company.

The liquidation process for Envirotech Energy Management Limited (EEM) is still ongoing but is going smoothly and is close to completion.

Regarding our project at Well End, we are working closely with the DNO (SSE) to finalise the technical aspects and ensure the project is ready to build.

Whilst the speed of progress hasn't been as we had hoped, we remain committed to our mission and positive about the company's future and its successes in the next fiscal year.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Miss M Hayman
C Hill
G M Thorneycroft
G M W Vanderfelt

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Hill - Director


31 January 2025

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Envirotech Energy Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Envirotech Energy Solutions Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Envirotech Energy Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Envirotech Energy Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Envirotech Energy Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Envirotech Energy Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Envirotech Energy Solutions Limited. You consider that Envirotech Energy Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Envirotech Energy Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


31 January 2025

Envirotech Energy Solutions Limited (Registered number: 10738135)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 666
Investments 5 5 169,345
5 170,011

CURRENT ASSETS
Stocks 6 1,841,719 1,770,663
Debtors 7 29,724 141,589
Cash at bank 91,443 121,178
1,962,886 2,033,430
CREDITORS
Amounts falling due within one year 8 382,796 1,188,864
NET CURRENT ASSETS 1,580,090 844,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,580,095

1,014,577

CAPITAL AND RESERVES
Called up share capital 139 139
Share premium 7,062,947 7,062,947
Retained earnings (5,482,991 ) (6,048,509 )
1,580,095 1,014,577

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 January 2025 and were signed on its behalf by:



C Hill - Director


Envirotech Energy Solutions Limited (Registered number: 10738135)

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

1. STATUTORY INFORMATION

Envirotech Energy Solutions 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.

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 - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other Investments
Investments in unlisted shares are measured at cost less impairment.

Stocks
Work in progress represents costs incurred on ongoing projects and is valued at the lower of cost and net realisable value.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables 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.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, 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 payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Envirotech Energy Solutions Limited (Registered number: 10738135)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 6,587
DEPRECIATION
At 1 May 2023 5,921
Charge for year 666
At 30 April 2024 6,587
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 666

Envirotech Energy Solutions Limited (Registered number: 10738135)

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

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2023 56 169,289 169,345
Disposals (51 ) (169,289 ) (169,340 )
At 30 April 2024 5 - 5
NET BOOK VALUE
At 30 April 2024 5 - 5
At 30 April 2023 56 169,289 169,345

6. STOCKS
2024 2023
£    £   
Work-in-progress 1,841,719 1,770,663

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,724 141,589

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,745 73,766
Taxation and social security 11,343 4,547
Other creditors 347,708 1,110,551
382,796 1,188,864

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 25,016 1,086,660

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are amounts of £1,135 (2023: £4,854) owed to M Hayman, £1,206 (2023: £4,950) owed to C Hill and £2,040 (2023: £NIL) owed to G Throneycroft in respect of their directors loan accounts. These loans are unsecured, interest free and repayable on demand.

Envirotech Energy Solutions Limited (Registered number: 10738135)

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

11. RELATED PARTY DISCLOSURES

During the year ended 30 April 2023, the company loaned £213,392 to Envirotech Energy Management Limited, a subsidiary company. On 26 June 2023, the company appointed a liquidator and as such the loan totalling £651,448 was been written off as irrecoverable. The loan was unsecured, interest free and repayable on demand.

During the year the company incurred costs of £30,000 (2023 : £32,516) from Real Time Accounting Limited, a company in which G Thorneycroft is a director and shareholder .

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.