Inclusive Energy Ltd Filleted Accounts Cover
Inclusive Energy Ltd
Company No. SC572953
Information for Filing with The Registrar
31 December 2024
Inclusive Energy Ltd Directors Report Registrar
The Directors present their report and the accounts for the period ended 31 December 2024.
Principal activities
The principal activity of the company during the period under review was manufacturing of hardware and software for renewable energy solutions.
Directors
The Directors who served at any time during the period were as follows:
V. Bhopal
(Resigned 11 October 2024)
D. Gupta
(Resigned 11 October 2024)
G. Selby
(Resigned 11 October 2024)
N. Ved
(Resigned 11 October 2024)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.B. Eaton
Director
28 June 2025
Inclusive Energy Ltd Balance Sheet Registrar
at
31 December 2024
Company No.
SC572953
Notes
31/12/2024
31/08/2024
£
£
Fixed assets
Intangible assets
4
890,606803,352
Tangible assets
5
14,73817,723
Investments
6
31,77531,775
937,119852,850
Current assets
Debtors
7
186,026387,833
Cash at bank and in hand
95,18540
281,211387,873
Creditors: Amount falling due within one year
8
(194,605)
(251,538)
Net current assets
86,606136,335
Total assets less current liabilities
1,023,725989,185
Creditors: Amounts falling due after more than one year
9
(339,342)
(530,104)
Net assets
684,383459,081
Capital and reserves
Called up share capital
553238
Share premium account
11
2,245,9391,738,432
Profit and loss account
11
(1,562,109)
(1,279,589)
Total equity
684,383459,081
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 28 June 2025 and signed on its behalf by:
A.B. Eaton
Director
28 June 2025
Inclusive Energy Ltd Notes to the Accounts Registrar
for the period ended 31 December 2024
1
General information
Inclusive Energy Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC572953
Its registered office is:
12 South Charlotte Street
Edinburgh
EH2 4AX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Straight line
Furniture, fittings and equipment
25% Straight line
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
31/12/2024
31/08/2024
Number
Number
The average monthly number of employees (including directors) during the period:
1414
4
Intangible fixed assets
Patents and trade-marks
Develop-ment costs
Total
£
£
£
Cost
At 1 September 2024
10,8841,969,4441,980,328
Additions
-200,000200,000
At 31 December 2024
10,8842,169,4442,180,328
Amortisation and impairment
At 1 September 2024
2,5581,174,4181,176,976
Charge for the year
363112,383112,746
At 31 December 2024
2,9211,286,8011,289,722
Net book values
At 31 December 2024
7,963882,643890,606
At 31 August 2024
8,326795,026803,352
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 September 2024
15,13523,58438,719
At 31 December 2024
15,13523,58438,719
Depreciation
At 1 September 2024
7,32813,66820,996
Charge for the year
1,2611,7242,985
At 31 December 2024
8,58915,39223,981
Net book values
At 31 December 2024
6,5468,19214,738
At 31 August 2024
7,807
9,916
17,723
6
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 September 2024
31,775
31,775
At 31 December 2024
31,775
31,775
Provisions/Impairment
Net book values
At 31 December 2024
31,775
31,775
At 31 August 2024
31,775
31,775
Detail of subsidiary at 31 December 2024:
Name of undertaking
Registered office
Class of shares held
% held direct
Inclusive Energy (India) Private
Limited
Duplex No-49 Ahalya hill
Resort, Patharagadia
Bhubaneshwar Khordha
751024
Ordinary
99.99%
7
Debtors
31/12/2024
31/08/2024
£
£
Trade debtors
130,003249,549
VAT recoverable
5,958-
Other debtors
50,065125,184
Prepayments and accrued income
-13,100
186,026387,833
8
Creditors:
amounts falling due within one year
31/12/2024
31/08/2024
£
£
Bank loans and overdrafts
-9,587
Other loans
-50,000
Trade creditors
46,90884,732
Taxes and social security
36,785
64,048
Other creditors
7,66243,170
Accruals and deferred income
103,2501
194,605251,538
9
Creditors:
amounts falling due after more than one year
31/12/2024
31/08/2024
£
£
Other loans
-530,104
Amounts owed to group undertakings
339,342-
339,342530,104
10
Share Capital
553,085 Ordinary Shares of £0.001 each
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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