XML 187 R31.htm IDEA: XBRL DOCUMENT
v3.24.3

Parent company only financial information | 12 Months Ended
--- | ---
Jun. 30, 2024
Condensed Financial Information Disclosure [Abstract] |
Parent company only financial information | 25. Parent company only financial information The following presents condensed parent company only financial information of Energys Group Limited. Condensed balance sheets Schedule of Condensed Balance Sheets
|  | As of June 30, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | GBP |  |  | GBP |  |  | US$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |
Interest in a subsidiary |  |  | 78 |  |  |  | 78 |  |  |  | 99 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Amount due from group companies |  |  | - |  |  |  | 5,082,519 |  |  |  | 6,424,304 |
Total non-current assets and total assets |  |  | 78 |  |  |  | 5,082,597 |  |  |  | 6,424,403 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Amount due to a related party |  |  | 15,264 |  |  |  | 35,093 |  |  |  | 44,358 |
Total non-current liabilities and total liabilities |  |  | 15,264 |  |  |  | 35,093 |  |  |  | 44,358 |
SHAREHOLDERS’ DEFICIT |  |  |  |  |  |  |  |  |  |  |  |
Preferred shares (US$0.0001 par value per share; 3,000,000 shares authorized; nil share and 2,575,250 shares issued and outstanding as of June 30, 2023 and 2024, respectively) |  |  | - |  |  |  | 203 |  |  |  | 257 |
Ordinary shares (US$0.0001 par value per share; 300,000,000 shares authorized; 12,000,000 shares issued and outstanding as of June 30, 2023 and 2024*) |  |  | 987 |  |  |  | 987 |  |  |  | 1,248 |
Additional paid-in capital |  |  | (905 | ) |  |  | 5,108,404 |  |  |  | 6,457,022 |
Accumulated other comprehensive income |  |  | 828 |  |  |  | 732 |  |  |  | 925 |
Accumulated deficit |  |  | (16,096 | ) |  |  | (62,822 | ) |  |  | (79,407 | )
Total shareholders’ equity (deficit) |  |  | (15,186 | ) |  |  | 5,047,504 |  |  |  | 6,380,045 |
* | Giving retroactive effect to the issuance of ordinary shares effected on February 23, 2023.
Condensed statements of loss and comprehensive loss Schedule of Condensed Statements of Loss and Comprehensive Loss
|  | For the years ended June 30, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | GBP |  |  | GBP |  |  | US$ |
General and administrative expenses |  |  | (16,096 | ) |  |  | (46,726 | ) |  |  | (59,062 | )
Loss before income taxes |  |  | (16,096 | ) |  |  | (46,726 | ) |  |  | (59,062 | )
Income tax expense |  |  | - |  |  |  | - |  |  |  | - |
Net loss |  |  | (16,096 | ) |  |  | (46,726 | ) |  |  | (59,062 | )
Foreign currency translation |  |  | 828 |  |  |  | (96 | ) |  |  | (121 | )
Total comprehensive loss |  |  | (15,268 | ) |  |  | (46,822 | ) |  |  | (59,183 | )
Condensed statements of cash flows Schedule of Condensed Statements of Cash Flows
|  | For the years ended June 30, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | GBP |  |  | GBP |  |  | US$ |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  | (16,096 | ) |  |  | (46,726 | ) |  |  | (59,062 | )
Net cash used in operating activities |  |  | (16,096 | ) |  |  | (46,726 | ) |  |  | (59,062 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Cash generated from (used in) investing activities |  |  | - |  |  |  | - |  |  |  | - |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Amount due to a related party |  |  | 16,096 |  |  |  | 46,726 |  |  |  | 59,062 |
Net generated from financing activities |  |  | 16,096 |  |  |  | 46,726 |  |  |  | 59,062 |
Net increase (decrease) in cash and cash equivalents |  |  | - |  |  |  | - |  |  |  | - |
Cash and cash equivalents at the beginning of the year |  |  | - |  |  |  | - |  |  |  | - |
Cash and cash equivalents at the end of the year |  |  | - |  |  |  | - |  |  |  | - |
(i) Basis of Presentation The Company was incorporated under the laws of the Cayman Islands as a limited company on July 5, 2022 and as a holding company. In the condensed parent company only financial statements, the Company’s investment in subsidiary stated at cost of acquisition in Energys Group Holding Limited. Those condensed parent company only financial statements should be read in connection with the consolidated financial statements and notes hereto. The condensed parent company only financial statements are presented as if the incorporation of the Company and its acquisition of subsidiaries had taken place. The condensed parent company only financial statements are presented as of the incorporation of the Company on June 30, 2022 and throughout the two years ended June 30, 2024. (ii) Restricted net assets Schedule I of Rule 5-04 of Regulation S-X requires the condensed financial information of registrant shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party (i.e., lender, regulatory agency, foreign government, etc.). The condensed parent company only financial statements have to be prepared in accordance with Rule 12-04, Schedule I of Regulation S-X if the restricted net assets of the subsidiaries of Energys Group Limited exceed 25% of the consolidated net assets of Energys Group Limited. The Company generates revenues from its wholly owned subsidiary in the United Kingdom. The ability of ECSL in the United Kingdom to pay dividends is not restricted. In this connection, the restricted net assets of the subsidiaries of Energys Group Limited do does not exceed 25% of the consolidated net assets of Energys Group Limited and accordingly the above condensed parent company only financial information of Energys Group Limited is presented for supplementary reference. As of June 30, 2023 and 2024, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable stock or guarantees of the Company, except for those that have been separately disclosed in the consolidated financial statements, if any.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration