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REGISTERED NUMBER: 12225918 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2024

for

WTENERGY LTD

WTENERGY LTD (Registered number: 12225918)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WTENERGY LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: TC Bellm





REGISTERED OFFICE: Lake Barn
Billingbear Lane
Binfield
Bracknell
Berkshire
RG42 5PS





REGISTERED NUMBER: 12225918 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

WTENERGY LTD (Registered number: 12225918)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 239,029 115,506
239,029 115,506

CURRENT ASSETS
Stocks 7,500 30,000
Debtors 6 88,865 14,571
Cash at bank 1,174 91,681
97,539 136,252
CREDITORS
Amounts falling due within one year 7 194,530 65,496
NET CURRENT (LIABILITIES)/ASSETS (96,991 ) 70,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,038

186,262

CAPITAL AND RESERVES
Called up share capital 1,650,000 1,400,000
Retained earnings (1,507,962 ) (1,213,738 )
142,038 186,262

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 June 2025 and were signed by:




TC Bellm - Director


WTENERGY LTD (Registered number: 12225918)

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

1. STATUTORY INFORMATION

WTENERGY LTD 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 2 (2023 - 2 ) .

WTENERGY LTD (Registered number: 12225918)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 419,000
AMORTISATION
At 1 January 2024
and 31 December 2024 419,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Assets Fixtures
under Plant and and
construction machinery fittings
£    £    £   
COST
At 1 January 2024 80,585 61,109 2,380
Additions 109,893 3,607 -
At 31 December 2024 190,478 64,716 2,380
DEPRECIATION
At 1 January 2024 - 30,793 1,428
Charge for year - 12,763 476
At 31 December 2024 - 43,556 1,904
NET BOOK VALUE
At 31 December 2024 190,478 21,160 476
At 31 December 2023 80,585 30,316 952

WTENERGY LTD (Registered number: 12225918)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 - 6,972 151,046
Additions 24,618 3,561 141,679
At 31 December 2024 24,618 10,533 292,725
DEPRECIATION
At 1 January 2024 - 3,319 35,540
Charge for year 3,205 1,712 18,156
At 31 December 2024 3,205 5,031 53,696
NET BOOK VALUE
At 31 December 2024 21,413 5,502 239,029
At 31 December 2023 - 3,653 115,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 2,454 14,571
Director's current account 85,645 -
Prepayments and accrued income 766 -
88,865 14,571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,095 1,772
Social security and other taxes 7,634 3,396
Other creditors 183,301 58,328
Accrued expenses 1,500 2,000
194,530 65,496

8. POST BALANCE SHEET EVENTS

Since the year end, further share subscriptions amounting to £1,700,000 have been received with 170,000 Ordinary shares issued at £10 each.