Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mrs A P Kasule 07/07/2017 Mr M Sandarasagaran 07/07/2017 19 March 2025 The principal activity of the Company during the financial year continued to be that of energy installation services. SC570751 2024-07-31 SC570751 bus:Director1 2024-07-31 SC570751 bus:Director2 2024-07-31 SC570751 2023-07-31 SC570751 core:CurrentFinancialInstruments 2024-07-31 SC570751 core:CurrentFinancialInstruments 2023-07-31 SC570751 core:Non-currentFinancialInstruments 2024-07-31 SC570751 core:Non-currentFinancialInstruments 2023-07-31 SC570751 core:ShareCapital 2024-07-31 SC570751 core:ShareCapital 2023-07-31 SC570751 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC570751 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC570751 core:OtherPropertyPlantEquipment 2023-07-31 SC570751 core:OtherPropertyPlantEquipment 2024-07-31 SC570751 bus:OrdinaryShareClass1 2024-07-31 SC570751 2023-08-01 2024-07-31 SC570751 bus:FilletedAccounts 2023-08-01 2024-07-31 SC570751 bus:SmallEntities 2023-08-01 2024-07-31 SC570751 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC570751 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC570751 bus:Director1 2023-08-01 2024-07-31 SC570751 bus:Director2 2023-08-01 2024-07-31 SC570751 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 SC570751 2022-08-01 2023-07-31 SC570751 core:CurrentFinancialInstruments 2023-08-01 2024-07-31 SC570751 core:Non-currentFinancialInstruments 2023-08-01 2024-07-31 SC570751 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 SC570751 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC570751 (Scotland)

INSTALL ENERGY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

INSTALL ENERGY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

INSTALL ENERGY SERVICES LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
INSTALL ENERGY SERVICES LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 261 389
261 389
Current assets
Debtors 4 0 2,369
Cash at bank and in hand 147,866 103,217
147,866 105,586
Creditors: amounts falling due within one year 5 ( 36,814) ( 49,312)
Net current assets 111,052 56,274
Total assets less current liabilities 111,313 56,663
Creditors: amounts falling due after more than one year 6 0 ( 7,320)
Net assets 111,313 49,343
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 111,213 49,243
Total shareholders' funds 111,313 49,343

For the financial year ending 31 July 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 Install Energy Services Limited (registered number: SC570751) were approved and authorised for issue by the Board of Directors on 19 March 2025. They were signed on its behalf by:

Mr M Sandarasagaran
Director
INSTALL ENERGY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
INSTALL ENERGY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 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

Install Energy 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 Scotland. The address of the Company's registered office is 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided for installation work, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

Tangible fixed assets

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

Plant and machinery etc. 33 % 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.

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.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and includedeposits held at call with banks.

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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

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. Trade creditors are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2023 1,291 1,291
At 31 July 2024 1,291 1,291
Accumulated depreciation
At 01 August 2023 902 902
Charge for the financial year 128 128
At 31 July 2024 1,030 1,030
Net book value
At 31 July 2024 261 261
At 31 July 2023 389 389

4. Debtors

2024 2023
£ £
Trade debtors 0 2,369

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 0 4,346
Trade creditors 8,559 3,536
Taxation and social security 28,036 38,276
Other creditors 219 3,154
36,814 49,312

There are no amounts included above in respect of which any security has been given by the small entity.

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

2024 2023
£ £
Bank loans 0 7,320

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due from key management 2,340 5,503

The directors were advanced £2,340 during the year and repaid £5,503. As at 31 July 2024 the directors owed the company £2,340 (2024 - £5,503). The loan is interest free and repayable on demand.