Silverfin false false 31/03/2024 01/04/2023 31/03/2024 P A Bilyard 18/07/2016 D C Carroll 15/07/2024 08/01/2024 J Kane 12/10/2023 01/12/2021 P J Warren 09/02/2005 31 January 2025 The principal activity of the company during the year was engineering and energy management consultancy. 05358646 2024-03-31 05358646 bus:Director1 2024-03-31 05358646 bus:Director2 2024-03-31 05358646 bus:Director3 2024-03-31 05358646 bus:Director4 2024-03-31 05358646 2023-03-31 05358646 core:CurrentFinancialInstruments 2024-03-31 05358646 core:CurrentFinancialInstruments 2023-03-31 05358646 core:Non-currentFinancialInstruments 2024-03-31 05358646 core:Non-currentFinancialInstruments 2023-03-31 05358646 core:ShareCapital 2024-03-31 05358646 core:ShareCapital 2023-03-31 05358646 core:RetainedEarningsAccumulatedLosses 2024-03-31 05358646 core:RetainedEarningsAccumulatedLosses 2023-03-31 05358646 core:Goodwill 2023-03-31 05358646 core:ComputerSoftware 2023-03-31 05358646 core:Goodwill 2024-03-31 05358646 core:ComputerSoftware 2024-03-31 05358646 core:LeaseholdImprovements 2023-03-31 05358646 core:Vehicles 2023-03-31 05358646 core:FurnitureFittings 2023-03-31 05358646 core:ComputerEquipment 2023-03-31 05358646 core:LeaseholdImprovements 2024-03-31 05358646 core:Vehicles 2024-03-31 05358646 core:FurnitureFittings 2024-03-31 05358646 core:ComputerEquipment 2024-03-31 05358646 core:CurrentFinancialInstruments core:Secured 2024-03-31 05358646 bus:OrdinaryShareClass1 2024-03-31 05358646 core:WithinOneYear 2024-03-31 05358646 core:WithinOneYear 2023-03-31 05358646 core:BetweenOneFiveYears 2024-03-31 05358646 core:BetweenOneFiveYears 2023-03-31 05358646 2023-04-01 2024-03-31 05358646 bus:FilletedAccounts 2023-04-01 2024-03-31 05358646 bus:SmallEntities 2023-04-01 2024-03-31 05358646 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05358646 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05358646 bus:Director1 2023-04-01 2024-03-31 05358646 bus:Director2 2023-04-01 2024-03-31 05358646 bus:Director3 2023-04-01 2024-03-31 05358646 bus:Director4 2023-04-01 2024-03-31 05358646 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 05358646 core:ComputerSoftware core:TopRangeValue 2023-04-01 2024-03-31 05358646 core:LeaseholdImprovements 2023-04-01 2024-03-31 05358646 core:Vehicles 2023-04-01 2024-03-31 05358646 core:FurnitureFittings 2023-04-01 2024-03-31 05358646 core:ComputerEquipment 2023-04-01 2024-03-31 05358646 2022-04-01 2023-03-31 05358646 core:Goodwill 2023-04-01 2024-03-31 05358646 core:ComputerSoftware 2023-04-01 2024-03-31 05358646 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 05358646 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 05358646 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05358646 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05358646 (England and Wales)

ENERGY AND TECHNICAL SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ENERGY AND TECHNICAL SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ENERGY AND TECHNICAL SERVICES LIMITED

BALANCE SHEET

As at 31 March 2024
ENERGY AND TECHNICAL SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 108,392 0
Tangible assets 4 71,763 16,562
180,155 16,562
Current assets
Debtors 5 456,022 463,018
Cash at bank and in hand 113,492 569,547
569,514 1,032,565
Creditors: amounts falling due within one year 6 ( 495,401) ( 696,509)
Net current assets 74,113 336,056
Total assets less current liabilities 254,268 352,618
Creditors: amounts falling due after more than one year 7 ( 117,917) ( 189,916)
Net assets 136,351 162,702
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 136,349 162,700
Total shareholder's funds 136,351 162,702

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Energy and Technical Services Limited (registered number: 05358646) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

P J Warren
Director
ENERGY AND TECHNICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ENERGY AND TECHNICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Energy and Technical Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3, The Sanctuary 62 Macrae Road, Pill, Bristol, BS20 0DD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Leasehold improvements 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 28 26

3. Intangible assets

Goodwill Computer software Total
£ £ £
Cost
At 01 April 2023 100,000 0 100,000
Additions 0 135,490 135,490
At 31 March 2024 100,000 135,490 235,490
Accumulated amortisation
At 01 April 2023 100,000 0 100,000
Charge for the financial year 0 27,098 27,098
At 31 March 2024 100,000 27,098 127,098
Net book value
At 31 March 2024 0 108,392 108,392
At 31 March 2023 0 0 0

4. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2023 3,826 12,990 0 6,208 23,024
Additions 30,828 0 21,209 11,160 63,197
At 31 March 2024 34,654 12,990 21,209 17,368 86,221
Accumulated depreciation
At 01 April 2023 76 5,480 0 906 6,462
Charge for the financial year 770 1,878 2,627 2,721 7,996
At 31 March 2024 846 7,358 2,627 3,627 14,458
Net book value
At 31 March 2024 33,808 5,632 18,582 13,741 71,763
At 31 March 2023 3,750 7,510 0 5,302 16,562

5. Debtors

2024 2023
£ £
Trade debtors 295,801 334,360
Prepayments and accrued income 151,927 117,926
Other debtors 8,294 10,732
456,022 463,018

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 72,000 72,000
Trade creditors 45,186 157,819
Amounts owed to directors 31,026 40,208
Accruals and deferred income 95,255 253,982
Taxation and social security 139,104 141,185
Other creditors 112,830 31,315
495,401 696,509

Bank loans with a carrying value of £72,000 (2023 - £72,000) are guaranteed by government under the Business Interruption Loan Scheme and are secured against the assets of the Company under a fixed and floating charge.
At the year end the company had an invoice discounting facility in place. At 31 March 2004 there was a balance outstanding of £88,575 (2023 - £nil) guaranteed by a floating charge over the assets of the company.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 117,917 189,916

Bank loans with a carrying value of £117,917 (2023 - £189,916 ) are guaranteed by government under the Business Interruption Loan Scheme and are secured against the assets of the Company under a fixed and floating charge.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 0.001 each (2023: 2 shares of £ 1.00 each) 2 2

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 15,364 31,650
between one and five years 34,680 50,044
50,044 81,694