REGISTERED NUMBER: 11899462 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2025

for

Energy Intelligence Centre Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

8

DIRECTORS:

Mr A S Dosanjh

Mr P S Dosanjh

REGISTERED OFFICE:

Monarch House

7-9 Stafford Road

Wallington

Surrey

SM6 9AN

REGISTERED NUMBER:

11899462 (England and Wales)

AUDITORS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Intangible assets

4

971,415

1,214,268

Tangible assets

5

435

871

971,850

1,215,139

CURRENT ASSETS

Debtors

6

806,031

1,302,885

Cash at bank

61,720

284,097

867,751

1,586,982

CREDITORS

Amounts falling due within one year

7

(2,135,511

)

(2,778,493

)

NET CURRENT LIABILITIES

(1,267,760

)

(1,191,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(295,910

)

23,628

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(296,010

)

23,528

SHAREHOLDERS' FUNDS

(295,910

)

23,628

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr P S Dosanjh - Director

1.	STATUTORY INFORMATION

Energy Intelligence Centre 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for energy supply activities includes an assessment of energy supplies to customers the date of the last meter read and year end (unread)'. Unread gas is estimated using weather adjusted historical consumption patterns and is included in accrued income within debtors. All revenue arises in the United Kingdom.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is ten years. Provision is made for any impairment.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & Fittings

- 20% Reducing Balance

Computer equipment

- 33% Straight line

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and all deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Foreign currency transactions and balances.

Transactions in a foreign currency are initially recorded at an average standard exchange rate. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective financial currency of the entity at the rate prevailing on the reporting period date.

Debtors and creditors receivable/payable within one year.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognized in the profit and loss account in other administrative expenses.

Director and Inter-company loans

Loans provided by the director or Inter-company loans considered to be neutral persons, will be measured at amortised cost calculated using the initial recognition date transaction price with an effective interest rate of 0%.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Employee benefits

When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value

Impairment

Assets not valued at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Going concern

The company's activities generated a loss of £ 319,538 (2024: loss of £159,157) and has a net current liability of £1,267,760 (2024 £ 1,191,511). The company's operational existence is still dependent on the ability to raise further funding from its parent company and other group members.

After making due enquires, the directors have formed a judgement that there is a reasonable expectation that the company can secure further adequate resources to continue in operational existence for the foreseeable future and that adequate arrangements will be in place to enable the settlement of their financial commitments, as and when they fall due.

For this reason, the directors continue to adopt the going concern basis in preparing the financial statements. Whilst there are inherent uncertainties in relation to future events, and therefore no certainty over the outcome of the matters described, the directors consider that, based upon the financial projections and dependent upon the success of their efforts to complete these activities, the company will be a going concern for the next twelve months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 70 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

2,428,535

AMORTISATION

At 1 April 2024

1,214,267

Amortisation for year

242,853

At 31 March 2025

1,457,120

NET BOOK VALUE

At 31 March 2025

971,415

At 31 March 2024

1,214,268

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

2,806

DEPRECIATION

At 1 April 2024

1,935

Charge for year

436

At 31 March 2025

2,371

NET BOOK VALUE

At 31 March 2025

435

At 31 March 2024

871

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

272,860

664,198

Amounts owed by group undertakings

13,403

-

Other debtors

21,290

17,738

Accrued income

422,183

588,229

Prepayments

76,295

32,720

806,031

1,302,885

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

70,625

211,875

Trade creditors

401,025

172,668

Amounts owed to group undertakings

1,030,781

6,331

Tax

-

105,749

Social security and other taxes

51,793

74,878

Pension liability

11,859

15,097

VAT

35,490

69,357

Other creditors

-

987,008

Wages control

-

38,029

Provision for doubtful debts

63,109

63,109

Deferred income

435,668

855,201

Accrued expenses

35,161

179,191

2,135,511

2,778,493

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

70,625

211,875

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

23,528

Deficit for the year

(319,538

)

At 31 March 2025

(296,010

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Kaye FCA (Senior Statutory Auditor)

for and on behalf of BBK Partnership

12.	RELATED PARTY DISCLOSURES

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.

Included within other debtors are amounts receivable from companies which are under common control by virtue of their shareholding:

Sparks Property Assets LLP - £1,869 (2024 £1,869).

Deboi Capital Ltd - £2,532 (2024 £2,532).

T-Mac Technologies Ltd – £12,814 (2024 £7,788).

Smith Bellerby Ltd - £3,286 (2024 £nil).

During the financial year the directors of the Company, did not receive any remuneration, salary, fees, or other benefits from the Company in respect of their services as a director or in any other capacity. No amounts were paid to or accrued for the benefit of the director, either directly or indirectly, through any related entities.

13.	ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Majestic Securities Limited, incorporated in England and Wales, which heads the largest and smallest group for which consolidated accounts are available to the public from Companies House. On 29 February 2024, the entire issued share capital of Majestic Securities Limited was acquired by Knight Trustees Limited as corporate trustee of the EIC Partnership Employee Ownership Trust, which the directors now consider to be the ultimate controlling party. The registered office of the parent company is Monarch House, 7-9 Stafford Road, Wallington, Surrey, SM6 9AN.3UZ.

14.

CHARGES

The company has entered into a debenture charge on 13 August 2020 with Barclays Bank PLC, who holds a fixed and floating charge over the asset of the company.