Company registration number 04362110 (England and Wales)
ENERGYACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Tree Accountancy Limited
Chartered Certified Accountants
3rd Floor Eastgate
Castle Street
Castlefield
Manchester
United Kingdom
M3 4LZ
ENERGYACE LIMITED
COMPANY INFORMATION
Directors
Mrs E Vizard
Mr G Vizard
Mr S Vizard
Secretary
Mrs E Vizard
Company number
04362110
Registered office
3 I Eaton Avenue
Buckshaw Village
Chorley
Lancashire
PR7 7NG
Accountants
Tree Accountancy Limited
3rd Floor, Eastgate
Castle Street
Castlefield
M3 4LZ
ENERGYACE LIMITED
CONTENTS
Page
Directors' report
1 - 2
Balance sheet
3 - 4
Notes to the financial statements
5 - 10
ENERGYACE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 1 -

The directors present their annual report and the unaudited financial statements of EnergyAce Ltd for the year ended 30 November 2025.

Principal activities

The principal activity of the company during this period continued to be the manufacture, Installation and maintenance of energy saving systems and power quality products for industrial, commercial & domestic applications throughout the UK and overseas.

Directors

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

Mrs E Vizard
Mr G Vizard
Mr S Vizard
Review of Business

The 2024-2025 financial year has been a year of consolidation following the 24% increase in turnover in the previous year and our move to a new modern 18,000 SQFT manufacturing facility comprises assembly, test facility, stores, and office space across two interconnected buildings and three floors.

The move has secured capability to support growth and allow for larger projects by securing approximately 300% of additional growth space.

The new offices and manufacturing facility can be considered “best in class” and the directors and employees are very proud to showcase the new facilities to customers old and new.

The high cost of energy continues to be the main driver for growth and with a strong order book following the end of the financial year, the directors are looking forward to a busy 2026.

The business continued to operate with a high level of stock to maximise production efficiency and avoid supply chain issues.

After celebrated four significant industry awards in 2024 which included a double triumph at the national ECA awards with Electrical Contractor of the Year (Up to £15m Turnover) and Best Health, Safety & Environment Initiative Award, EnergyAce secured a further award in 2025 with a regional award of Manufacturer of the year.

EnergyAce continues to invest in the improvement of operating systems and business processes to assist in growth planning.

R&D continued with further development and improvement of existing lines with new features around improved functionality and with a significant breakthrough expected in 2026 following the current field trials, next year is expected to see the filing of new patents and the addition of a new product line.

Q4 of 2025 saw the addition of a new technology offering from EnergyAce with the addition of UPS (Uninterruptible Power Supply) and a collaboration as system integrator for Ablerex for all types of UPS applications to compliment our activities in the power quality market.

Employee numbers remained steady at 33 delivering high level of customer service and technical solutions to energy saving and power quality issues.

The company continues its association with Goldman Sachs and the High Growth Business Development program from Oxford University & Said Business School. The company retained its main accreditations with ISO 9001, SafeContractor, SafePQQ and the ECA (Electrical Contractors Association).

ENERGYACE LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -

Gary Vizard the Managing Director of EnergyAce moved up to Northwest regional Chair of the Electrical Contractors Association and continued as a member of the ECA national council to help shape the future of the electrotechnical industry.

Stephen Vizard, sales director stepped into the role of Chair of Lancashire & Fylde Electrical Contractors Association adding further evidence of the businesses commitment to the electrotechnical sector.

The directors of EnergyAce continued in their support and patronage of two local charities in Wigan Youth Zone, an organisation that positively changes the lives of young people and Daffodils Dreams, a charity and organisation who are passionate about creating opportunities for children and their families living in hardship that reside in the local area.

Continued support was also given to NEA (National Energy Action), a national charitable organisation dedicated to the eradication of fuel poverty.

The directors of EnergyAce are fully committed to sustainable and ethical growth, renewed ambitious targets for 2026 have been issued and are expected to be achieved in full.

The opportunity for EnergyAce products and services continues to be strong with EnergyAce “whole site” energy reduction solutions continuing to provide large financial savings and returning an investment of between 1 and 3 years for many blue chip high profile organisations as the cost of electricity is predicted to remain high.

Statement of directors' responsibilities

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; 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.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mrs E Vizard
Director
7 August 2026
ENERGYACE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
372,617
418,110
Current assets
Stocks
747,754
837,962
Debtors
5
1,161,093
1,234,006
Cash at bank and in hand
1,589,438
1,372,407
3,498,285
3,444,375
Creditors: amounts falling due within one year
6
(1,650,060)
(1,416,807)
Net current assets
1,848,225
2,027,568
Total assets less current liabilities
2,220,842
2,445,678
Creditors: amounts falling due after more than one year
7
-
0
(40,090)
Provisions for liabilities
(57,515)
(63,224)
Net assets
2,163,327
2,342,364
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
2,163,127
2,342,164
Total equity
2,163,327
2,342,364
ENERGYACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2025
- 4 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 August 2026 and are signed on its behalf by:
Mrs E Vizard
Director
Company registration number 04362110 (England and Wales)
ENERGYACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
1
Accounting policies
Company information

Energyace Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 I Eaton Avenue, Buckshaw Village, Chorley, Lancashire, PR7 7NG.

The company's registration number is: 04362110.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods and 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 and 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.

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.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

ENERGYACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.5
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
10 years straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% 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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of 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). 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.

1.7
Stock and Work in Progress

Stocks and work in progress 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 and work in progress to their present location and condition.

Stocks and work in progress 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.

ENERGYACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.8
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.

1.9
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.

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.

1.10
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.

1.11
Taxation

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

ENERGYACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 8 -
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.

1.12
Leases

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.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d 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.

ENERGYACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
2
Employees

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

2025
2024
Number
Number
Total
33
33
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2024 and 30 November 2025
25,000
Amortisation and impairment
At 1 December 2024 and 30 November 2025
25,000
Carrying amount
At 30 November 2025
-
0
At 30 November 2024
-
0
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 December 2024
163,817
184,992
32,370
25,342
194,996
601,517
Additions
19,663
33,950
6,210
6,668
-
0
66,491
At 30 November 2025
183,480
218,942
38,580
32,010
194,996
668,008
Depreciation and impairment
At 1 December 2024
30,832
72,927
7,909
9,478
62,261
183,407
Depreciation charged in the year
17,155
33,816
6,855
5,410
48,748
111,984
At 30 November 2025
47,987
106,743
14,764
14,888
111,009
295,391
Carrying amount
At 30 November 2025
135,493
112,199
23,816
17,122
83,987
372,617
At 30 November 2024
132,985
112,065
24,461
15,864
132,735
418,110

The net book value of tangible fixed assets includes £nil (2024: £74,805) in respect of assets held under hire purchase contracts. All hire purchase contracts were fully paid during the year.

ENERGYACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 10 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,119,123
835,742
Other debtors
41,970
398,264
1,161,093
1,234,006
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
869,158
606,509
Taxation and social security
261,734
513,803
Other creditors
519,168
296,495
1,650,060
1,416,807
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
40,090
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments, as follows:

2025
2024
£
£
Total commitments
1,153,674
1,220,890
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