Company No:
Contents
| DIRECTORS | Mr F.J. Amelivia Garcia |
| Mr A.R. Rebollar Reier |
| REGISTERED OFFICE | The Capital Building |
| 12-13 St. Andrew Square | |
| Edinburgh | |
| EH2 2AF | |
| United Kingdom |
| BUSINESS ADDRESS | 45 Church Street |
| DX13047 | |
| Birmingham | |
| B3 2RT |
| COMPANY NUMBER | SC567543 (Scotland) |
| AUDITOR | Rödl & Partner Limited |
| Statutory Auditor | |
| 170 Edmund Street | |
| Birmingham | |
| B3 2HB |
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
* select suitable accounting policies and then apply them consistently;
* make judgements and accounting estimates that are reasonable and prudent;
* prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 2,643 | 420 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (186,593) | (173,284) | ||
| Total assets less current liabilities | (186,593) | (173,284) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 5 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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The financial statements of Ynfiniti Energy Services UK Limited (registered number:
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Mr F.J. Amelivia Garcia
Director |
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.
Ynfiniti Energy Services UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is The Capital Building, 12-13 St. Andrew Square, Edinburgh, EH2 2AF, United Kingdom. The principal place of business is 45 Church Street, DX13047, Birmingham, B3 2RT.
The financial statements have been prepared under the historical cost convention 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 £1.
At the year end, net current liabilities amounted to £186,593. The financial statements have been prepared on the going concern basis as the directors consider it appropriate to do so. In conclusion, the parent company of the group has agreed to financially support the Company and ensure all liabilities are met as they fall due. The parent company has confirmed they will not seek repayment for the amounts due until there are sufficient cash resources within the Company.
Exchange differences are recognised in the Profit and Loss Account 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.
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities including creditors and loans from fellow group companies are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| £ | £ | ||
| Other debtors |
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| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Taxation and social security |
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| Other creditors |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Transactions with entities in which the entity itself has a participating interest
| 2024 | 2023 | ||
| £ | £ | ||
| Other related parties | 165,987 | 151,580 |
The loans from subsidiary companies are unsecured, interest free, and are repayable on demand.
The audit report was signed by Imran Farooq on behalf of Rödl & Partner Limited, Statutory Auditor.
The ultimate parent company is SPIE SA, incorporated in France.
The only group in which the results of the company are consolidated is that headed by SPIE SA, incorporated in France. The consolidated financial statements of this group are available to the public and may be obtained from 10 Avenue De L'Entreprise, Cergy-Pontoise Cedex, France, 95863.