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Registered number: 13115908
Entrust EV Technology Ltd
Unaudited Financial Statements
For the Period 1 January 2024 to 30 June 2025
Brown & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13115908
30 June 2025 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,392 9,206
Tangible Assets 5 - 90,646
10,392 99,852
CURRENT ASSETS
Debtors 6 86,572 5,217
Cash at bank and in hand 1,826 41,284
88,398 46,501
Creditors: Amounts Falling Due Within One Year 7 (413,595 ) (453,091 )
NET CURRENT ASSETS (LIABILITIES) (325,197 ) (406,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES (314,805 ) (306,738 )
NET LIABILITIES (314,805 ) (306,738 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (314,905 ) (306,838 )
SHAREHOLDERS' FUNDS (314,805) (306,738)
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For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Xiongwei Liu
Director
26/06/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Entrust EV Technology Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13115908 . The registered office is 5A Marsh Mill Village, Fleetwood Road North, Thornton-Cleveleys, Lancashire, FY5 4JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and related fees. It is amortised to profit and loss account at 10% reducing balance.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 8 (2023: 8)
8 8
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 10,519
Additions 1,186
As at 30 June 2025 11,705
Amortisation
As at 1 January 2024 1,313
As at 30 June 2025 1,313
Net Book Value
As at 30 June 2025 10,392
As at 1 January 2024 9,206
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 185,742
Disposals (185,742 )
As at 30 June 2025 -
Depreciation
As at 1 January 2024 95,096
Disposals (95,096 )
As at 30 June 2025 -
Net Book Value
As at 30 June 2025 -
As at 1 January 2024 90,646
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6. Debtors
30 June 2025 31 December 2023
£ £
Due within one year
Trade debtors 5,700 -
Prepayments and accrued income 79,877 3,620
VAT 995 1,597
86,572 5,217
7. Creditors: Amounts Falling Due Within One Year
30 June 2025 31 December 2023
£ £
Trade creditors - 2,461
Other taxes and social security - 1,767
Other creditors 68,860 105,000
Accruals and deferred income 1,392 -
Directors' loan accounts 343,343 343,863
413,595 453,091
8. Share Capital
30 June 2025 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included within Other Creditors is an amount of £48,860 owed to Entrust SmartHome Microgrid Ltd, a company under common control.
10. Ultimate Controlling Party
The company's ultimate controlling party is Dr Xiongwei Liu by virtue of his ownership of 90% of the issued share capital in the company.
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