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REGISTERED NUMBER: 05455645 (England and Wales)















Energy Consultancy Services Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Energy Consultancy Services Limited (Registered number: 05455645)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Energy Consultancy Services Limited

Company Information
for the Year Ended 31 May 2024







Director: Mr J Turner





Registered office: Temple Chambers
12 Clytha Park Road
Newport
Gwent
NP20 4PB





Registered number: 05455645 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Energy Consultancy Services Limited (Registered number: 05455645)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 107,802 85,320
Investment property 5 192,500 245,000
300,302 330,320

Current assets
Debtors 6 546,007 515,062
Cash at bank 81,780 230,833
627,787 745,895
Creditors
Amounts falling due within one year 7 (151,158 ) (170,195 )
Net current assets 476,629 575,700
Total assets less current liabilities 776,931 906,020

Provisions for liabilities 9 (24,729 ) (23,983 )
Net assets 752,202 882,037

Capital and reserves
Called up share capital 10 100 100
Fair value reserve 71,017 93,715
Retained earnings 681,085 788,222
Shareholders' funds 752,202 882,037

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

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

The director acknowledges his 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 director and authorised for issue on 19 February 2025 and were signed by:





Mr J Turner - Director


Energy Consultancy Services Limited (Registered number: 05455645)

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

1. Statutory information

Energy Consultancy Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land & Buildings - 2% on cost
Equipment, fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is included at fair value which has been provided initially by a professional valuer in 2018 and the director in subsequent years. Any gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Energy Consultancy Services Limited (Registered number: 05455645)

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

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

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

4. Tangible fixed assets
Equipment,
Land & fixtures Motor
Buildings & fittings vehicles Totals
£    £    £    £   
Cost
At 1 June 2023 77,985 41,804 68,984 188,773
Additions - 132 - 132
Reclassification/transfer 30,462 - - 30,462
At 31 May 2024 108,447 41,936 68,984 219,367
Depreciation
At 1 June 2023 16,586 30,161 56,706 103,453
Charge for year 2,169 2,873 3,070 8,112
At 31 May 2024 18,755 33,034 59,776 111,565
Net book value
At 31 May 2024 89,692 8,902 9,208 107,802
At 31 May 2023 61,399 11,643 12,278 85,320

5. Investment property
Total
£   
Fair value
At 1 June 2023 245,000
Revaluations (32,451 )
Reclassification/transfer (20,049 )
At 31 May 2024 192,500
Net book value
At 31 May 2024 192,500
At 31 May 2023 245,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2018 145,750
Valuation in 2020 46,750
Valuation in 2021 52,500
Valuation in 2024 (52,500 )
192,500

Energy Consultancy Services Limited (Registered number: 05455645)

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

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 396,903 285,885
Amounts Recoverable on
Contracts 144,719 224,142
Prepayments 4,385 5,035
546,007 515,062

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 83,353 82,015
Social security and other taxes 3,460 7,041
Net wages control 6,208 10,444
VAT 54,762 67,734
Directors' loan accounts 1,225 913
Accrued expenses 2,150 2,048
151,158 170,195

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,193 17,730
Between one and five years 1,947 12,600
12,140 30,330

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 4,528 4,443
Tax on unrealised gains 20,201 19,540
24,729 23,983

Deferred
tax
£   
Balance at 1 June 2023 23,983
Charge to Income Statement during year 85
Tax on unrealised gains 661
Balance at 31 May 2024 24,729

10. Called up share capital

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

11. Ultimate controlling party

The controlling party is Mr J Turner.