| Registered Number:06747502 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
EGS Energy Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
EGS Energy Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
30,187
37,806
2
2,725
-
3
30,187
40,531
| Trade and other receivables |
54,666
55,368
4
18,618
| Cash and cash equivalents |
13,149
68,517
73,284
| Trade and other payables: amounts falling due within one |
| year |
(42,562)
(48,475)
5
30,722
20,042
Net current assets
| Total assets less current liabilities |
50,229
71,253
50,229
Net assets
71,253
27,565
27,565
1,298,953
1,298,953
(1,276,289)
(1,255,265)
50,229
71,253
Shareholders' funds
| For the year 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 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| GE Macpherson-Grant Director |
| These financial statements were approved and authorised for issue by the Board on 26 May 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 4
For the year ended 31 December 2024
EGS Energy Limited
Notes to the Financial Statements
Statutory Information
| EGS Energy Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06747502. |
13 North Parade
Penzance
Cornwall
TR18 4SL
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
| 2. Property, plant and equipment |
83,884
3,172
80,712
80,712
3,172
83,884
| Provision for depreciation and impairment |
46,078
3,172
42,906
Charge for year
7,619
-
7,619
53,697
3,172
50,525
30,187
-
30,187
37,806
-
37,806
2 of 4
For the year ended 31 December 2024
EGS Energy Limited
Notes to the Financial Statements Continued
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
| 2006. The financial statements have been prepared under the historical costs convention as modified by the |
| revaluation of certain assets. |
| The ability of the company to continue to trade is dependent upon the continued support of the director and the |
| Covid-pandemic situation is improving steadily and the director is confident the company will trade out of the situation. |
| £48334 of the bank loan is guaranteed by the Government and the director has confirmed continued support of up to |
| £35,000 for a period of 12 months from the date of these financial statements. This support will be reviewed at that |
| time. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and |
| trade discounts. |
| Property, plant and equipment |
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any |
| provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, |
| less their estimated residual value, over their expected useful lives on the following basis: |
| Computer equipment Fixtures and fittings |
| 3. Investments held as fixed assets |
| Shares in group and participating interests |
2,725
2,725
2,725
2,725
| Provision for amortisation and impairment |
2,725
2,725
2,725
2,725
-
-
2,725
2,725
3 of 4
For the year ended 31 December 2024
EGS Energy Limited
Notes to the Financial Statements Continued
| 4. Trade and other receivables |
2023
2024
6,300
6,300
49,068
48,366
54,666
55,368
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
29,194
23,031
19,281
19,531
48,475
42,562
| 6. Trade and other payables: amounts falling due after more than one year |
Included in bank loans
| 7. Average number of persons employed |
During the year the average number of employees was 0
4 of 4