Company registration number 11595551 (England and Wales)
ENERGISE ENERGY SOLUTIONS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
ENERGISE ENERGY SOLUTIONS LTD
COMPANY INFORMATION
Directors
B Butcher
D Catley
Company number
11595551
Registered office
Unit 1A Aviator Court
First Avenue
Auckley
Doncaster
South Yorkshire
DN9 3QZ
Auditor
Dexter & Sharpe Audit Services Ltd
Rollestone House
Bridge Street
Horncastle
Lincolnshire
LN9 5HZ
Business address
Unit 1A Aviator Court
First Avenue
Auckley
Doncaster
South Yorkshire
DN9 3QZ
Bankers
HSBC Bank
1 High Street
Doncaster
South Yorkshire
DN1 1EE
ENERGISE ENERGY SOLUTIONS LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of income and retained earnings
8
Balance sheet
9
Statement of cash flows
10
Notes to the financial statements
11 - 24
ENERGISE ENERGY SOLUTIONS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 1 -

The directors present the strategic report for the year ended 28 February 2025.

Principal activities

The principal activities of the company in the period under review were those of installation of smart meters, isolator switches and electric vehicle charging units.

Review of the business

The business achieved year on year sales growth of 12.5% and continued to trade at a profit for consecutive years after also returning a profit in the prior period. The company operates in a highly competitive market and has to balance costs with customer price expectations. The company's cost of sales grew 15.1%, achieving a gross margin of 30.7% lower than the previous period by 1.6%, in order to combat rising direct costs significant savings were made within administrative expenses, particularly in administrative salaries and costs were lowered by 16.7% from the previous period. The efficiencies achieved in the year resulted in an improvement on the previous years operating profit of 6.6%, with an operating profit margin of 7.5% vs the previous year's margin of 0.9%.

Principal risks and uncertainties

The company operates in a challenging economic climate, in which the price expectations of its customers have to be balanced against inflationary pressures. As such, the management of the company's business and the execution of the company's strategies are subject to a number of risks:

-ongoing market pressure on prices;

-reliance on high value contracts with individual customers;

-the challenge of servicing increasing turnover levels; and

-increased costs of recruiting and retaining labour

These risks are being addressed by:

-the directors working closely with customers to ensure they understand their needs and continue to offer competitive products and prices;

-continuing to invest in the company's in-house training program;

-renegotiation of prices to customers on long term contracts; and

-cost savings from restructuring in the company's sales team

The company uses various financial instruments including cash, overdraft facilities, loans, hire purchase agreements and items such as trade debtors and trade creditors that arise directly from its operations, the main purpose of which is to ensure liquidity for the company's activities. These financial instruments expose the company to a number of financial risk, as set out below along with means by which the company manages its exposure in these areas.

All of these financial instruments relate to underlying business operations and no activities of a speculative nature are entered into. The main risk arising from the company's financial instruments are interest rate risk and credit risk. The directors review, agree and maintain policies for managing these risks, as summarised below.

Interest rate risk

The company finances its activities through a combination of bank borrowings and working capital management. The company's exposure to interest rate fluctuations on its bank borrowings is managed through the use of fixed rate loans. The company has also acquired a limited number of fixed assets using hire purchase facilities, but at known interest rates at the inception of the contacts.

ENERGISE ENERGY SOLUTIONS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -

Liquidity risk

The company manages its financial risk by ensuring that there is enough liquidity available to meet its short term and long term requirements, principally through bank loans and hire purchase and, in the short term, through overdraft facilities with its bankers. The directors also continue to provide financial support by loans made available to the business.

Credit risk

The company's main financial assets are cash and trade debtors. The main credit risk is linked to trade debtors. A proactive approach to debt collection is adopted, with collection history and credit limits reviewed on an ongoing basis.

Key performance indicators

The company measures its financial performance by reference to key performance indicators. The directors consider the key performance indicators include:

-turnover increased by 12.5%

-gross profit percentage decrease from 32.2% to 30.7%

-current ratio increased from 0.98 to 1.56

-EBITDA increased to £1,540,096 from £226,134

On behalf of the board

B Butcher
Director
24 October 2025
ENERGISE ENERGY SOLUTIONS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -

The directors present their annual report and financial statements for the year ended 28 February 2025.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £62,500. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

B Butcher
D Catley
Energy and carbon report

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
B Butcher
D Catley
Director
Director
24 October 2025
ENERGISE ENERGY SOLUTIONS LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -

The directors are responsible 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;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- 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.

ENERGISE ENERGY SOLUTIONS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ENERGISE ENERGY SOLUTIONS LTD
- 5 -
Opinion

We have audited the financial statements of Energise Energy Solutions Ltd (the 'company') for the year ended 28 February 2025 which comprise the statement of income and retained earnings, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 28 February 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

ENERGISE ENERGY SOLUTIONS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ENERGISE ENERGY SOLUTIONS LTD (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

[The auditor’s assessment of the susceptibility of the entity’s financial statements to material misstatement, including how fraud might occur.]

[Which laws and regulations the auditor identified as being of significance in the context of the entity.]

[The auditor’s explanation of its audit response will depend on the risks identified but may include:

- Enquiry of management, those charged with governance and the entity’s solicitors (or in-house legal team) around actual and potential litigation and claims.

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing internal audit reports.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.]

ENERGISE ENERGY SOLUTIONS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ENERGISE ENERGY SOLUTIONS LTD (CONTINUED)
- 7 -

[The auditor’s explanation of its audit response will depend on the risks identified but may include:

- Enquiry of management, those charged with governance and the entity’s solicitors (or in-house legal team) around actual and potential litigation and claims.

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing internal audit reports.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.]

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Nicola Michelle Lenton FCCA
For and on behalf of Dexter & Sharpe Audit Services Ltd, Statutory Auditor
Accountants
Rollestone House
Bridge Street
Horncastle
Lincolnshire
LN9 5HZ
7 November 2025
ENERGISE ENERGY SOLUTIONS LTD
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
19,615,660
17,431,285
Cost of sales
(13,591,688)
(11,804,356)
Gross profit
6,023,972
5,626,929
Administrative expenses
(4,557,373)
(5,473,130)
Operating profit
4
1,466,599
153,799
Interest receivable and similar income
8
24,281
985
Interest payable and similar expenses
9
(31,578)
(25,179)
Profit before taxation
1,459,302
129,605
Tax on profit
10
(217,978)
-
0
Profit for the financial year
1,241,324
129,605
Retained earnings brought forward
(327,544)
(457,149)
Dividends
11
(62,500)
-
0
Retained earnings carried forward
851,280
(327,544)
ENERGISE ENERGY SOLUTIONS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 9 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
375,093
173,186
Current assets
Stocks
13
215,186
313,382
Debtors
14
1,569,093
1,566,029
Cash at bank and in hand
1,599,385
589,730
3,383,664
2,469,141
Creditors: amounts falling due within one year
15
(2,164,829)
(2,495,350)
Net current assets/(liabilities)
1,218,835
(26,209)
Total assets less current liabilities
1,593,928
146,977
Creditors: amounts falling due after more than one year
16
(198,773)
(24,421)
Provisions for liabilities
Deferred tax liability
19
93,773
-
0
(93,773)
-
Net assets
1,301,382
122,556
Capital and reserves
Called up share capital
21
266,802
266,800
Share premium account
183,300
183,300
Profit and loss reserves
851,280
(327,544)
Total equity
1,301,382
122,556
The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
D Catley
Director
Company registration number 11595551 (England and Wales)
ENERGISE ENERGY SOLUTIONS LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
1,170,447
297,055
Interest paid
(31,578)
(25,179)
Net cash inflow from operating activities
1,138,869
271,876
Investing activities
Purchase of tangible fixed assets
(301,699)
(36,180)
Proceeds from disposal of tangible fixed assets
16,667
1,455
Interest received
24,281
985
Net cash used in investing activities
(260,751)
(33,740)
Financing activities
Proceeds from issue of shares
2
-
0
Repayment of bank loans
(10,172)
(9,918)
Payment of finance leases obligations
286,486
(7,297)
Dividends paid
(62,500)
-
0
Net cash generated from/(used in) financing activities
213,816
(17,215)
Net increase in cash and cash equivalents
1,091,934
220,921
Cash and cash equivalents at beginning of year
507,451
286,530
Cash and cash equivalents at end of year
1,599,385
507,451
Relating to:
Cash at bank and in hand
1,599,385
589,730
Bank overdrafts included in creditors payable within one year
-
0
(82,279)

The notes on pages 11 to 24 form part of these financial statements.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 11 -
1
Accounting policies
Company information

Energise Energy Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1A Aviator Court, First Avenue, Auckley, Doncaster, South Yorkshire, DN9 3QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Installation of smart meters

- Installation of electric vehicle chargers

- Installation of isolators

- Supplier recharges

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 12 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
at varying rates on cost
Plant and equipment
at varying rates on cost
Fixtures and fittings
at varying rates on cost
Computers
Straight line over 3 years
Motor vehicles
at varying rates on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

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

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 13 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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 and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 14 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 15 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 16 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Installation of smart meters
17,586,106
15,170,342
Installation of electric vehicle chargers
710,170
1,548,592
Installation of isolators
406,452
158,490
Supplier recharges
912,932
543,910
Battery storage
-
9,951
19,615,660
17,431,285
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
19,615,660
17,431,285
2025
2024
£
£
Other revenue
Interest income
24,281
985
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange (gains)/losses
-
0
595
Depreciation of owned tangible fixed assets
73,495
72,334
Impairment of owned tangible fixed assets
(1,349)
-
0
Loss on disposal of tangible fixed assets
9,630
575
Operating lease charges
881,997
954,574
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 17 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
9,680
8,000
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Administration
20
15
Sales
2
11
Operations
93
148
Total
115
174

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
4,252,512
5,860,205
Social security costs
490,720
623,433
Pension costs
136,721
105,252
4,879,953
6,588,890
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
187,500
250,000
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
n/a
125,000

As total directors' remuneration was less than £200,000 in the current year, no disclosure is provided for that year.

ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 18 -
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
24,281
985
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
24,281
985
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
509
4,038
Other finance costs:
Interest on finance leases and hire purchase contracts
10,857
895
Other interest
20,212
20,246
31,578
25,179
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
124,205
-
0
Deferred tax
Origination and reversal of timing differences
93,773
-
0
Total tax charge
217,978
-
0
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
10
Taxation
(Continued)
- 19 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,459,302
129,605
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
364,826
32,401
Tax effect of expenses that are not deductible in determining taxable profit
29,234
35,713
Unutilised tax losses carried forward
(198,596)
(59,230)
Permanent capital allowances in excess of depreciation
(71,259)
(8,884)
Deferred tax
93,773
-
0
Taxation charge for the year
217,978
-
11
Dividends
2025
2024
£
£
Final paid
62,500
-
0
12
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 March 2024
66,088
123,115
64,430
89,318
40,726
383,677
Additions
-
0
25,450
1,429
750
274,070
301,699
Disposals
(2,466)
-
0
(24,227)
-
0
(40,726)
(67,419)
At 28 February 2025
63,622
148,565
41,632
90,068
274,070
617,957
Depreciation and impairment
At 1 March 2024
36,078
54,062
32,093
66,538
21,720
210,491
Depreciation charged in the year
7,597
24,989
8,901
15,758
16,250
73,495
Impairment losses
(1,349)
-
0
-
0
-
0
-
0
(1,349)
Eliminated in respect of disposals
-
0
-
0
(14,659)
-
0
(25,114)
(39,773)
At 28 February 2025
42,326
79,051
26,335
82,296
12,856
242,864
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
12
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
(Continued)
- 20 -
Carrying amount
At 28 February 2025
21,296
69,514
15,297
7,772
261,214
375,093
At 29 February 2024
30,010
69,053
32,337
22,780
19,006
173,186
13
Stocks
2025
2024
£
£
Finished goods and goods for resale
215,186
313,382
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,029,740
721,328
Other debtors
28,490
76,975
Prepayments and accrued income
510,863
767,726
1,569,093
1,566,029
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
17
13,137
92,451
Obligations under finance leases
18
106,596
7,599
Trade creditors
773,922
811,966
Corporation tax
124,205
-
0
Other taxation and social security
500,809
575,775
Other creditors
96,636
589,089
Accruals and deferred income
549,524
418,470
2,164,829
2,495,350
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 21 -
16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
17
-
0
13,137
Obligations under finance leases
18
198,773
11,284
198,773
24,421
17
Loans and overdrafts
2025
2024
£
£
Bank loans
13,137
23,309
Bank overdrafts
-
0
82,279
13,137
105,588
Payable within one year
13,137
92,451
Payable after one year
-
0
13,137

18
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
106,596
7,599
In two to five years
198,773
11,284
305,369
18,883

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases under purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
93,773
-
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
19
Deferred taxation
(Continued)
- 22 -
2025
Movements in the year:
£
Liability at 1 March 2024
-
Charge to profit or loss
93,773
Liability at 28 February 2025
93,773

20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
136,721
105,252

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
266,800
266,800
266,800
266,800
Ordinary B of £1 each
1
0
1
-
0
Ordinary C of £1 each
1
0
1
-
0
266,802
266,800
266,802
266,800
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 23 -
22
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
409,101
352,305
Years 2-5
392,838
285,649
801,939
637,954

23
Related party transactions
Transactions with related parties

The below details transactions with companies controlled by the company directors and also with a company that holds 25% of the ordinary share capital in Energise Energy Solutions Ltd.

In addition the directors have also made loans to the company totalling £62,744 (£223,999 -2024). The loans bear interest at a rate of 5% and have no fixed repayment date.

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Companies controlled by the directors
487,326
270,022
130,294
187,961
Company holding 25% of ordinary share capital
16,557,335
12,261,871
1,421,976
1,383,942
2025
2024
Amounts due to related parties
£
£
Companies controlled by the directors
16,289
7,320
Company holding 25% of ordinary share capital
237,096
220,193

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Companies controlled by the directors
398,661
60,075
Company holding 25% of ordinary share capital
318,783
402,564
ENERGISE ENERGY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 24 -
24
Cash generated from operations
2025
2024
£
£
Profit after taxation
1,241,324
129,605
Adjustments for:
Taxation charged
217,978
-
0
Finance costs
31,578
25,179
Investment income
(24,281)
(985)
Loss on disposal of tangible fixed assets
9,630
575
Depreciation and impairment of tangible fixed assets
73,495
72,334
Movements in working capital:
Decrease/(increase) in stocks
98,196
(102,682)
(Increase)/decrease in debtors
(3,064)
257,272
Decrease in creditors
(474,409)
(84,243)
Cash generated from operations
1,170,447
297,055
25
Analysis of changes in net funds
1 March 2024
Cash flows
28 February 2025
£
£
£
Cash at bank and in hand
589,730
1,009,655
1,599,385
Bank overdrafts
(82,279)
82,279
-
0
507,451
1,091,934
1,599,385
Borrowings excluding overdrafts
(23,309)
10,172
(13,137)
Lease liabilities
(18,883)
(286,486)
(305,369)
465,259
815,620
1,280,879
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