Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07866261 Mr Elissei Solomine Mr Jaime Lenin Gonzalez Arauz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07866261 2023-11-30 07866261 2024-11-30 07866261 2023-12-01 2024-11-30 07866261 frs-core:CurrentFinancialInstruments 2024-11-30 07866261 frs-core:ShareCapital 2024-11-30 07866261 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07866261 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07866261 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07866261 frs-bus:SmallEntities 2023-12-01 2024-11-30 07866261 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07866261 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07866261 frs-bus:Director1 2023-12-01 2024-11-30 07866261 frs-bus:Director2 2023-12-01 2024-11-30 07866261 frs-countries:EnglandWales 2023-12-01 2024-11-30 07866261 2022-11-30 07866261 2023-11-30 07866261 2022-12-01 2023-11-30 07866261 frs-core:CurrentFinancialInstruments 2023-11-30 07866261 frs-core:ShareCapital 2023-11-30 07866261 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07866261
Energy Power Solution Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07866261
2024 2023
Notes
CURRENT ASSETS
Debtors 4 499,924 484,924
Investments 6,734,052 8,538,282
Cash at bank and in hand 79,718 11,944
7,313,694 9,035,150
Creditors: Amounts Falling Due Within One Year 5 (7,360,468 ) (9,136,976 )
NET CURRENT ASSETS (LIABILITIES) (46,774 ) (101,826 )
TOTAL ASSETS LESS CURRENT LIABILITIES (46,774 ) (101,826 )
NET LIABILITIES (46,774 ) (101,826 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (46,775 ) (101,827 )
SHAREHOLDERS' FUNDS (46,774) (101,826)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved and signed by the director and authorised for issue on 13 May 2025.
Mr Elissei Solomine
Director
13th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Energy Power Solution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07866261 . The registered office is 2b Highstone House, 165 High Street, Barnet, EN5 5SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in euro, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents amounts receivable for trading with equipment for industrial automation, outside the United Kingdom.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
Due within one year
Trade debtors 484,923 484,923
Other debtors 15,000 -
Called up share capital not paid 1 1
499,924 484,924
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
Trade creditors 739,587 -
Corporation tax 13,711 4,913
Other creditors 1,754,811 3,559,041
Accruals and deferred income 4,852,359 5,573,022
7,360,468 9,136,976
6. Share Capital
2024 2023
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
1 ordinary share of £1 each
Page 3