0 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 12064938 2023-07-01 2024-06-30 12064938 2024-06-30 12064938 2023-06-30 12064938 2022-07-01 2023-06-30 12064938 2023-06-30 12064938 2022-06-30 12064938 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 12064938 bus:RegisteredOffice 2023-07-01 2024-06-30 12064938 bus:Director1 2023-07-01 2024-06-30 12064938 bus:Director2 2023-07-01 2024-06-30 12064938 core:FurnitureFittingsToolsEquipment 2023-06-30 12064938 core:FurnitureFittingsToolsEquipment 2024-06-30 12064938 core:WithinOneYear 2024-06-30 12064938 core:WithinOneYear 2023-06-30 12064938 core:ShareCapital 2024-06-30 12064938 core:ShareCapital 2023-06-30 12064938 core:RetainedEarningsAccumulatedLosses 2024-06-30 12064938 core:RetainedEarningsAccumulatedLosses 2023-06-30 12064938 core:FurnitureFittingsToolsEquipment 2023-06-30 12064938 bus:Director2 2023-06-30 12064938 bus:Director2 2024-06-30 12064938 bus:Director2 2022-06-30 12064938 bus:Director2 2023-06-30 12064938 bus:SmallEntities 2023-07-01 2024-06-30 12064938 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12064938 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12064938 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12064938 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 12064938
Energy Tracks Limited
Unaudited filleted financial statements
30 June 2024
Energy Tracks Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Energy Tracks Limited
Directors and other information
Directors Mrs K M Edwards
Mr M G Edwards
Company number 12064938
Registered office 5 Underwood Street
London
N1 7LY
Energy Tracks Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 33 66
_______ _______
33 66
Current assets
Cash at bank and in hand 2,783 4,476
_______ _______
2,783 4,476
Creditors: amounts falling due
within one year 5 ( 4,738) ( 4,996)
_______ _______
Net current liabilities ( 1,955) ( 520)
_______ _______
Total assets less current liabilities ( 1,922) ( 454)
_______ _______
Net liabilities ( 1,922) ( 454)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 2,022) ( 554)
_______ _______
Shareholders deficit ( 1,922) ( 454)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Mr M G Edwards
Director
Company registration number: 12064938
Energy Tracks Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 July 2023 and 30 June 2024 132 132
_______ _______
Depreciation
At 1 July 2023 66 66
Charge for the year 33 33
_______ _______
At 30 June 2024 99 99
_______ _______
Carrying amount
At 30 June 2024 33 33
_______ _______
At 30 June 2023 66 66
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 4,738 4,996
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr M G Edwards ( 3,556) ( 282) ( 3,838)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr M G Edwards ( 3,556) - ( 3,556)
_______ _______ _______