REGISTERED NUMBER: SC636378 (Scotland)

Access.Energy Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Munro

I A Munro

REGISTERED OFFICE:

7 Palmerston Place

Edinburgh

EH12 5AH

REGISTERED NUMBER:

SC636378 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Burrows Limited

28 Rutland Square

Edinburgh

EH1 2BW

FIXED ASSETS

Tangible assets

5

580,481

616,397

CURRENT ASSETS

Debtors

6

13,426

15,992

Cash at bank

124,076

44,851

137,502

60,843

CREDITORS

Amounts falling due within one year

7

936,090

904,141

NET CURRENT LIABILITIES

(798,588

)

(843,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(218,107

)

(226,901

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(218,117

)

(226,911

)

(218,107

)

(226,901

)

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 directors acknowledge their 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 Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:

A M Munro - Director

1.	STATUTORY INFORMATION

Access.Energy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The accounts are prepared on a going concern basis as the directors have confirmed they will provide funding to allow the company to continue to trade.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

717,967

DEPRECIATION

At 1 January 2024

101,570

Charge for year

35,916

At 31 December 2024

137,486

NET BOOK VALUE

At 31 December 2024

580,481

At 31 December 2023

616,397

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

VAT

5,251

13,800

Prepayments

8,175

2,192

13,426

15,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Ryse Energy UK Limited loan

31,587

36,088

Tri-Emirates Investments

Limited loan

250,000

250,000

Dr Silver loan

100,000

100,000

Fiona Munro loan

250,000

250,000

Directors' current accounts

100,309

100,309

Accrued expenses

204,194

167,744

936,090

904,141

Included in other creditors is a loan of £250,000 (2023 - £250,000) from Tri-Emirates Investments Limited which is secured by a bond and floating charge over the company's assets, and a loan of £100,000 (2023 - £100,00) from Dr Silver which is secured by a bond and floating charge over the company's assets.

8.	RELATED PARTY DISCLOSURES

The company was under the control of Alistair Munro throughout the current and previous periods. Mr Munro is the shareholder and managing director.

At 31 December 2024, the company was due £100,309 (2023 - £100,309) to Mr Munro. This loan is interest free with no fixed terms for repayment.

During the year, the company purchased goods and services from Ryse Energy (UK) Limited amounting to £13,403 (2023 - £92,968). At 31 December 2024, the company owed Ryse Energy (UK) Limited £31,588 (2023 - £36,088). This amount is interest free and has no fixed terms of repayment. Mr Munro is a director of Ryse Energy (UK) Limited.

Included in creditors falling due within one year is a loan of £250,000 (2023 - £250,000) from Fiona Munro, Mr Munro's wife. Interest is payable at 6% per annum.