Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Applied Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Peters

T J King

SECRETARY:

T J King

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

03252269 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

31,435

42,482

Investments

5

20,847

20,847

52,282

63,329

CURRENT ASSETS

Stocks

39,451

39,451

Debtors

6

954,514

522,764

Cash at bank

784,031

480,971

1,777,996

1,043,186

CREDITORS

Amounts falling due within one year

7

1,226,752

617,088

NET CURRENT ASSETS

551,244

426,098

TOTAL ASSETS LESS CURRENT LIABILITIES

603,526

489,427

CREDITORS

Amounts falling due after more than one year

8

(20,000

)

(100,000

)

PROVISIONS FOR LIABILITIES

11

(2,501

)

(1,275

)

NET ASSETS

581,025

388,152

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

580,025

387,152

SHAREHOLDERS' FUNDS

581,025

388,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2026 and were signed on its behalf by:

T J King - Director

G Peters - Director

1.	STATUTORY INFORMATION

Applied Energy 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.

Critical accounting judgements and key sources of estimation uncertainty

Financial instruments

The valuation of the equity instruments held has been impaired down to the nominal value of the shares invested in. This is following a review of the latest accounts for the company in which they're held.

The valuation of the investment portfolio is based upon the market values provided by the fund managers which the directors deem appropriate.

Turnover

Turnover represents work done by the business during the period excluding VAT. Work is billable in stage payments depending in the contract and is billed as milestones are reached.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

Financial Assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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.

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.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial Liabilities

Basic financial liabilities, including trade and other creditors, bank loans, 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 receipts discounted at a market rate of interest.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

91,363

2,301

8,135

33,712

135,511

Additions

-

-

-

2,974

2,974

At 30 September 2025

91,363

2,301

8,135

36,686

138,485

DEPRECIATION

At 1 October 2024

63,953

1,790

6,617

20,669

93,029

Charge for year

9,136

116

346

4,423

14,021

At 30 September 2025

73,089

1,906

6,963

25,092

107,050

NET BOOK VALUE

At 30 September 2025

18,274

395

1,172

11,594

31,435

At 30 September 2024

27,410

511

1,518

13,043

42,482

5.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Investment portfolio

18,069

18,069

Equity investment

2,778

2,778

20,847

20,847

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

906,758

474,378

Other debtors

-

2,400

Prepayments

47,756

45,986

954,514

522,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

80,000

80,000

Trade creditors

37,153

41,844

Tax

365,785

123,566

VAT

166,770

77,911

Other creditors

11,415

9,243

Due to connected company

312,643

87,159

PAYE & Other Taxes

45,175

24,161

Pensions

2,054

1,940

Directors' current accounts

87,610

63,581

Accrued expenses

118,147

107,683

1,226,752

617,088

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

20,000

100,000

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

80,000

80,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

20,000

100,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

100,000

180,000

The bank loan is secured by way of a fixed and floating charges covering all the property or undertaking of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,501

1,275

Deferred

tax

£

Balance at 1 October 2024

1,275

Provided during year

1,226

Balance at 30 September 2025

2,501

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

13.	ULTIMATE CONTROLLING PARTY

The company is under the control of G.Peters and T.King who between them hold 100% of the share capital, with G.Peters holding a majority shareholding.