EMERGENT ENERGY SYSTEMS LTD


Director	PLATT, Richard James


Registered Address	86-90 Paul Street
	London
	EC2A 4NE


Registered Number	10403572 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		765		3,489
Tangible assets	4		79		486
			844		3,975
Current assets
Debtors	5	703,721		12,499
Cash at bank and on hand		9,455		10,510
		713,176		23,009
Creditors amounts falling due within one year	6	(1,176,631)		(34,824)
Net current assets (liabilities)			(463,455)		(11,815)
Total assets less current liabilities			(462,611)		(7,840)
Creditors amounts falling due after one year	7		(10,074)		(390,778)
Net assets			(472,685)		(398,618)
Capital and reserves
Called up share capital			125		125
Share premium			299,975		299,975
Profit and loss account			(772,785)		(698,718)
Shareholders' funds			(472,685)		(398,618)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 30 June 2025, and are signed on its behalf by:

PLATT, Richard James
Director
Registered Company No. 10403572

EMERGENT ENERGY SYSTEMS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Intangible assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	12,285
	At 31 December 24	12,285
	Amortisation and impairment
	At 01 January 24	8,796
	Charge for year	2,724
	At 31 December 24	11,520
	Net book value
	At 31 December 24	765
	At 31 December 23	3,489

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	1,620
	At 31 December 24	1,620
	Depreciation and impairment
	At 01 January 24	1,134
	Charge for year	407
	At 31 December 24	1,541
	Net book value
	At 31 December 24	79
	At 31 December 23	486

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	697,298	3,120
Other debtors	3,000	-
Prepayments and accrued income	3,423	9,379
Total	703,721	12,499

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	706,313	15,052
Bank borrowings and overdrafts	2,340	2,280
Convertible loans	390,982	-
Taxation and social security	6,952	1,660
Other creditors	257	6,407
Accrued liabilities and deferred income	69,787	9,425
Total	1,176,631	34,824


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	10,074	12,420
Convertible loans	-	378,358
Total	10,074	390,778