Energenics Europe Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 8

Energenics Europe Limited

Balance Sheet

31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	2,905	987
Current assets
Stocks	5	92,687	78,959
Debtors	6	168,009	124,115
Cash at bank and in hand		16,952	23,232
		277,648	226,306
Creditors: Amounts falling due within one year	7	(180,417)	(107,456)
Net current assets		97,231	118,850
Total assets less current liabilities		100,136	119,837
Creditors: Amounts falling due after more than one year	7	(637,972)	(507,764)
Net liabilities		(537,836)	(387,927)
Capital and reserves
Called up share capital		450,000	450,000
Profit and loss account		(987,836)	(837,927)
Shareholders' deficit		(537,836)	(387,927)

Energenics Europe Limited

Balance Sheet

31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... Mr M J Attfield Director

Company Registration Number: 04332799

Energenics Europe Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Begbroke Science Park
Begbroke Hill
Woodstock Road
Begbroke
Oxfordshire
OX5 1PF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statement is Sterling, rounded to the nearest whole pound.

Going concern

Although the company has net liabilities, the directors have reviewed the latest management accounts and forecasts available and are satisfied that the company has sufficient reserves to continue trading for the foreseeable future. Therefore, the directors consider that the company is a going concern.

Revenue recognition

Turnover represents amount chargeable, net of value added tax, in respect of sales to customers within the year.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Energenics Europe Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	Over the period of the lease
Plant and Machinery	33.3% straight line basis
Laboratory Equipment	25% straight line basis
Office equipment	25% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Energenics Europe Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

Energenics Europe Limited

Notes to the Financial Statements

Year Ended 31 December 2024

5

Stocks

	2024 £	2023 £
Other inventories	92,687	78,959

6

Debtors

	2024 £	2023 £
Trade debtors	123,501	95,564
Prepayments	18,590	28,551
Other debtors	25,918	-
	168,009	124,115