Silverfin false false 30/06/2024 01/07/2023 30/06/2024 D Hilson 08/05/2017 G Z De Rubnes 26/09/2023 22 June 2025 The principal activity of the company during the year was provision of global software and advisory business for the transition of fleets to zero emission alternatives. 10757451 2024-06-30 10757451 bus:Director1 2024-06-30 10757451 bus:Director2 2024-06-30 10757451 2023-06-30 10757451 core:CurrentFinancialInstruments 2024-06-30 10757451 core:CurrentFinancialInstruments 2023-06-30 10757451 core:ShareCapital 2024-06-30 10757451 core:ShareCapital 2023-06-30 10757451 core:RetainedEarningsAccumulatedLosses 2024-06-30 10757451 core:RetainedEarningsAccumulatedLosses 2023-06-30 10757451 core:ComputerEquipment 2023-06-30 10757451 core:ComputerEquipment 2024-06-30 10757451 bus:OrdinaryShareClass1 2024-06-30 10757451 2023-07-01 2024-06-30 10757451 bus:FilletedAccounts 2023-07-01 2024-06-30 10757451 bus:SmallEntities 2023-07-01 2024-06-30 10757451 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10757451 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10757451 bus:Director1 2023-07-01 2024-06-30 10757451 bus:Director2 2023-07-01 2024-06-30 10757451 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 10757451 2022-07-01 2023-06-30 10757451 core:ComputerEquipment 2023-07-01 2024-06-30 10757451 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10757451 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10757451 (England and Wales)

EVENERGI UK LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

EVENERGI UK LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

EVENERGI UK LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
EVENERGI UK LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 544 953
544 953
Current assets
Debtors 4 248,188 62,530
Cash at bank and in hand 10,998 16,637
259,186 79,167
Creditors: amounts falling due within one year 5 ( 1,190,519) ( 900,607)
Net current liabilities (931,333) (821,440)
Total assets less current liabilities (930,789) (820,487)
Net liabilities ( 930,789) ( 820,487)
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account ( 930,790 ) ( 820,488 )
Total shareholder's deficit ( 930,789) ( 820,487)

For the financial 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 financial statements of Evenergi UK Ltd (registered number: 10757451) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D Hilson
Director

22 June 2025

EVENERGI UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
EVENERGI UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

Evenergi UK Ltd (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 35 Ballards Lane, London, N3 1XW, 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 Statement of Financial Position 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 funded by it's parent company 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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, 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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Statement of Financial Position date.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

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, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

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

Computer equipment Total
£ £
Cost
At 01 July 2023 1,225 1,225
At 30 June 2024 1,225 1,225
Accumulated depreciation
At 01 July 2023 272 272
Charge for the financial year 409 409
At 30 June 2024 681 681
Net book value
At 30 June 2024 544 544
At 30 June 2023 953 953

4. Debtors

2024 2023
£ £
Trade debtors 158,443 29,421
Amounts owed by group undertakings 23,701 23,560
VAT recoverable 0 9,549
Corporation tax 66,044 0
248,188 62,530

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 19,603 45,165
Amounts owed to group undertakings 1,113,102 825,070
Accruals and deferred income 34,692 22,765
Other taxation and social security 22,462 6,777
Other creditors 660 830
1,190,519 900,607

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Ultimate controlling party

Parent Company:

Evenergi Labs PTY Ltd
41 Waterview Street, Sydney, Australia 2041 NSW