ENEGETIK LTD


Director	SOOD, Rajan


Registered Address	6 Chapelton Avenue
	Bearsden
	Glasgow
	G61 2RE


Registered Number	SC613485 (Scotland)

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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 and is recognised at point of sale.

	Operating leases
	Rentals payable under operating lease, including any lease incentive received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative time pattern in which economic benefits from the lease asset are consumed.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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 over a period of 10 years.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost and subsequently at cost less any accumulated depreciation amount. Depreciation is provided on all the tangible fixed assets as follows


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	25	-
Office Equipment	33	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	Financial assets and liabilities are offset, with the net amounts presented in the financialstatements, 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. Basic financial liabilities Basic financial liabilities, including creditors and 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 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 amortized cost using the effective interest method.

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financialstatements,
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.

Basic financial liabilities
Basic financial liabilities, including creditors and 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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 amortized cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 December 24	78,863	4,430	83,293
At 30 November 25	78,863	4,430	83,293
Amortisation and impairment
At 01 December 24	42,717	2,400	45,117
Charge for year	7,886	443	8,329
At 30 November 25	50,603	2,843	53,446
Net book value
At 30 November 25	28,260	1,587	29,847
At 30 November 24	36,146	2,030	38,176

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 December 24	698	28,975	881	30,554
Additions	41,858	41,211	-	83,069
At 30 November 25	42,556	70,186	881	113,623
Depreciation and impairment
At 01 December 24	646	22,716	772	24,134
Charge for year	227	2,025	37	2,289
At 30 November 25	873	24,741	809	26,423
Net book value
At 30 November 25	41,683	45,445	72	87,200
At 30 November 24	52	6,259	109	6,420

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	1,484	3,293
Total	1,484	3,293

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,155	4,733
Prepayments and accrued income	812	642
Total	1,967	5,375

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,272	-
Bank borrowings and overdrafts	7,500	10,000
Taxation and social security	1,108	6,391
Finance lease and HP contracts	14,603	-
Other creditors	105,332	106,468
Accrued liabilities and deferred income	-	5,750
Total	143,815	128,609

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	7,500
Other creditors	57,193	-
Total	57,193	7,500


	Included within creditors falling due within one year is £7,500(2024: £17,500) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme.

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	71,796		-

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,063	1,559
Total	2,063	1,559

11.	Capital commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable hire purchase lease in respect of equipment fall due as follows: Due within one year: £14,603(2024: Nil) Between one and five years: £57,193 (2024:£Nil)

12.	Operating lease commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £19,000(2024: £19,000)

13.	Related party transactions
	Included in other creditors due with in one year is an amount of £104,521 (2024:£104,521) due to the director.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		29,847		38,176
Tangible assets	4		87,200		6,420
			117,047		44,596
Current assets
Stocks	5	1,484		3,293
Debtors	6	1,967		5,375
Cash at bank and on hand		82,215		94,621
		85,666		103,289
Creditors amounts falling due within one year	7	(143,815)		(128,609)
Net current assets (liabilities)			(58,149)		(25,320)
Total assets less current liabilities			58,898		19,276
Creditors amounts falling due after one year	8		(57,193)		(7,500)
Provisions for liabilities	10		(2,063)		(1,559)
Net assets			(358)		10,217
Capital and reserves
Called up share capital			1		1
Profit and loss account			(359)		10,216
Shareholders' funds			(358)		10,217