REGISTERED NUMBER: 03487903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ENERGYSYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K Armitage

M E Truman

REGISTERED OFFICE:

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX

REGISTERED NUMBER:

03487903 (England and Wales)

ACCOUNTANTS:

Traviss & Co Ltd

Chartered Certified Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX

FIXED ASSETS

Tangible assets

4

32,941

43,908

Investments

5

64

64

33,005

43,972

CURRENT ASSETS

Debtors

6

2,446,395

848,655

Cash at bank

270,603

506,217

2,716,998

1,354,872

CREDITORS

Amounts falling due within one year

7

1,956,838

810,431

NET CURRENT ASSETS

760,160

544,441

TOTAL ASSETS LESS CURRENT LIABILITIES

793,165

588,413

PROVISIONS FOR LIABILITIES

8,014

8,138

NET ASSETS

785,151

580,275

CAPITAL AND RESERVES

Called up share capital

12,137

11,075

Share premium

43,503

15,355

Capital redemption reserve

250

250

Retained earnings

729,261

553,595

SHAREHOLDERS' FUNDS

785,151

580,275

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 30 September 2025 and were signed on its behalf by:

M E Truman - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about EnergySys Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

The turnover shown in the profit and loss account, represent amounts invoiced in the year, exclusive of value added tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost and 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution or money purchase scheme for employees and directors . The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Share based payments

The company has issued share options to certain directors and employees. These financial statements have been prepared in accordance with the Financial Reporting Standard for Small Entities which does not require equity-settled share based payment arrangements to be recognised as an expense.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

741

86,661

87,402

Additions

-

11,550

11,550

At 31 December 2024

741

98,211

98,952

DEPRECIATION

At 1 January 2024

741

42,753

43,494

Charge for year

-

22,517

22,517

At 31 December 2024

741

65,270

66,011

NET BOOK VALUE

At 31 December 2024

-

32,941

32,941

At 31 December 2023

-

43,908

43,908

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

64

NET BOOK VALUE

At 31 December 2024

64

At 31 December 2023

64

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,179,100

37,000

Amounts owed by group undertakings

1,173,195

709,764

Other debtors

94,100

101,891

2,446,395

848,655

At the end of the year the following balances are due from wholly owned subsidiaries of Energysys Ltd:

Energysys Inc £73,945.40

Energysys PTY £29,788.37

There was also an amount due from Ascent Bidco Ltd, who are the sole shareholder and controlling party at 31 December 2024 of Energysys Ltd. The amount due was £1,069,461.95.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

37,161

20,590

Taxation and social security

206,218

52,557

Other creditors

1,713,459

737,284

1,956,838

810,431

Included in other creditors is £1,615,607 (2023 - £610,371) of deferred income for services invoiced in the period that are for delivery post 31 December 2024.

8.	CONTROLLING PARTY

The controlling party is Ascent Bidco Ltd.

In October 2024, the full share capital of the company was purchased by Ascent Bidco Ltd as part of a company restructure.