Silverfin false 16 January 2026 16 January 2026 David Ewen MA (Hons) CA Hall Morrice LLP 92,323 473,015 false true 30/04/2025 01/05/2024 30/04/2025 Mark Alexander 16/04/2025 Alex Crossland 16/04/2025 18/10/2023 Josh Goolnik 16/04/2025 Daniel Millard 29/04/2015 Kevin Stephenson 09/09/2025 08/01/2020 16 January 2026 The principal activity of the company continued to be that of providing digital twin software. SC504664 2025-04-30 SC504664 bus:Director1 2025-04-30 SC504664 bus:Director2 2025-04-30 SC504664 bus:Director3 2025-04-30 SC504664 bus:Director4 2025-04-30 SC504664 bus:Director5 2025-04-30 SC504664 2024-04-30 SC504664 core:CurrentFinancialInstruments 2025-04-30 SC504664 core:CurrentFinancialInstruments 2024-04-30 SC504664 core:Non-currentFinancialInstruments 2025-04-30 SC504664 core:Non-currentFinancialInstruments 2024-04-30 SC504664 core:ShareCapital 2025-04-30 SC504664 core:ShareCapital 2024-04-30 SC504664 core:CapitalContributionReserve 2025-04-30 SC504664 core:CapitalContributionReserve 2024-04-30 SC504664 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC504664 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC504664 core:OtherPropertyPlantEquipment 2024-04-30 SC504664 core:OtherPropertyPlantEquipment 2025-04-30 SC504664 core:ImmediateParent core:CurrentFinancialInstruments 2025-04-30 SC504664 core:ImmediateParent core:CurrentFinancialInstruments 2024-04-30 SC504664 bus:OrdinaryShareClass1 2025-04-30 SC504664 bus:OrdinaryShareClass2 2025-04-30 SC504664 bus:OrdinaryShareClass3 2025-04-30 SC504664 2024-05-01 2025-04-30 SC504664 bus:FilletedAccounts 2024-05-01 2025-04-30 SC504664 bus:SmallEntities 2024-05-01 2025-04-30 SC504664 bus:Audited 2024-05-01 2025-04-30 SC504664 2023-05-01 2024-04-30 SC504664 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC504664 bus:Director1 2024-05-01 2025-04-30 SC504664 bus:Director2 2024-05-01 2025-04-30 SC504664 bus:Director3 2024-05-01 2025-04-30 SC504664 bus:Director4 2024-05-01 2025-04-30 SC504664 bus:Director5 2024-05-01 2025-04-30 SC504664 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-05-01 2025-04-30 SC504664 core:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 SC504664 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 SC504664 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 SC504664 bus:OrdinaryShareClass2 2024-05-01 2025-04-30 SC504664 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 SC504664 bus:OrdinaryShareClass3 2024-05-01 2025-04-30 SC504664 bus:OrdinaryShareClass3 2023-05-01 2024-04-30 SC504664 1 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC504664 (Scotland)

# ENERGY SERVICES INTERNATIONAL LTD

### Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

ENERGY SERVICES INTERNATIONAL LTD

## Financial Statements

For the financial year ended 30 April 2025

Contents

ENERGY SERVICES INTERNATIONAL LTD

## BALANCE SHEET

As at 30 April 2025
ENERGY SERVICES INTERNATIONAL LTD

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 78,769 |  | 96,102
|  | 78,769 |  | 96,102
Current assets |  |  |  |
Debtors | 4 | 868,573 |  | 863,488
Cash at bank and in hand |  | 623,981 |  | 971,002
|  | 1,492,554 |  | 1,834,490
Creditors: amounts falling due within one year | 5 | ( 1,276,989) |  | ( 1,024,573)
Net current assets |  | 215,565 |  | 809,917
Total assets less current liabilities |  | 294,334 |  | 906,019
Creditors: amounts falling due after more than one year | 6 | ( 833) |  | ( 10,195)
Net assets |  | 293,501 |  | 895,824
Capital and reserves |  |  |  |
Called-up share capital | 7 | 30,760 |  | 30,760
Capital contribution reserve |  | 0 |  | 510,000
Profit and loss account |  | 262,741 |  | 355,064
Total shareholder's funds |  | 293,501 |  | 895,824

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Energy Services International Ltd (registered number: SC504664) were approved and authorised for issue by the Board of Directors on 16 January 2026. They were signed on its behalf by:

Daniel Millard Director |

ENERGY SERVICES INTERNATIONAL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
ENERGY SERVICES INTERNATIONAL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Energy Services International Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is 3-5 Albyn Place, Aberdeen, AB10 1BR, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company has taken advantage of the exemption under FRS 102 Section 33.1A to not disclose transactions with wholly-owned group entities.

##### Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
A proportion of unexpired clients' annual licences at the year end is treated as deferred income.

##### Employee benefits

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

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

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.
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible 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). The recoverable amount of an asset is the higher of its fair value less costs to sell and its 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.
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. 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.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

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 payments 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. Amounts 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.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

##### Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 37 |  | 28

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 211,877 |  | 211,877
Additions | 39,125 |  | 39,125
Disposals | ( 60,993) |  | ( 60,993)
At 30 April 2025 | 190,009 |  | 190,009
Accumulated depreciation |  |  |
At 01 May 2024 | 115,775 |  | 115,775
Charge for the financial year | 45,252 |  | 45,252
Disposals | ( 49,787) |  | ( 49,787)
At 30 April 2025 | 111,240 |  | 111,240
Net book value |  |  |
At 30 April 2025 | 78,769 |  | 78,769
At 30 April 2024 | 96,102 |  | 96,102

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 626,967 |  | 679,367
Other debtors | 241,606 |  | 184,121
| 868,573 |  | 863,488

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,000 |  | 10,000
Trade creditors | 270,208 |  | 227,162
Amounts owed to parent undertakings | 120,722 |  | 170,835
Other taxation and social security | 49,322 |  | 55,337
Obligations under finance leases and hire purchase contracts | 0 |  | 8,248
Other creditors | 826,737 |  | 552,991
| 1,276,989 |  | 1,024,573

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 833 |  | 10,195

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
520 A Ordinary shares of £ 1.00 each | 520 |  | 520
240 B Ordinary shares of £ 1.00 each | 240 |  | 240
30,000 C Ordinary shares of £ 1.00 each | 30,000 |  | 30,000
| 30,760 |  | 30,760

All shares rank pari passu.

#### 8. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Total | 260,790 |  | 400,051

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

#### 9. Capital contribution reserve

This reserve records amounts provided by the parent company and is treated as a distributable reserve. During the year, the company paid dividends totalling £510,000 (2024 - £nil) out of this reserve. Following this distribution, the balance on the capital contribution reserve was reduced to £nil (2024 - £510,000).

#### 10. Audit Opinion

The auditor's report on the accounts for the financial year ended 30 April 2025 was unqualified.

The audit report was signed by David Ewen MA (Hons) CA on behalf of Hall Morrice LLP.

#### 11. Ultimate controlling party

The immediate parent company of Energy Services International Limited is Idem Capital Limited, a company registered in England and Wales. The ultimate controlling party is Vespa Capital III GP LLP acting in its capacity as General Partner of Vespa Capital III LP.