YOU GENERATE C.I.C.

Company Registration Number:
NI653772 (Northern Ireland)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

YOU GENERATE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YOU GENERATE C.I.C.

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The director shown below has held office during the whole of the period from
1 July 2022 to 30 June 2023

Richard Boyd


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 March 2024

And signed on behalf of the board by:
Name: Richard Boyd
Status: Director

YOU GENERATE C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 47,411 49,901
Cost of sales: ( 30,308 ) ( 12,856 )
Gross profit(or loss): 17,103 37,045
Administrative expenses: ( 22,610 ) ( 19,365 )
Other operating income: 5,000
Operating profit(or loss): (5,507) 22,680
Profit(or loss) before tax: (5,507) 22,680
Tax: 779 ( 3,011 )
Profit(or loss) for the financial year: (4,728) 19,669

YOU GENERATE C.I.C.

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 5,634 7,042
Total fixed assets: 5,634 7,042
Current assets
Stocks: 4 3,315
Debtors: 5 6,050 795
Cash at bank and in hand: 11,489 21,801
Total current assets: 17,539 25,911
Creditors: amounts falling due within one year: 6 ( 2,439 ) ( 5,256 )
Net current assets (liabilities): 15,100 20,655
Total assets less current liabilities: 20,734 27,697
Total net assets (liabilities): 20,734 27,697
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 20,733 27,696
Total Shareholders' funds: 20,734 27,697

The notes form part of these financial statements

YOU GENERATE C.I.C.

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 18 March 2024
and signed on behalf of the board by:

Name: Richard Boyd
Status: Director

The notes form part of these financial statements

YOU GENERATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery 20% reducing balance

    Other accounting policies

    StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.Leased assetsA lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.PensionsContributions to defined contribution plans are expensed in the period to which they relate

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Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 2

YOU GENERATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 9,911 9,911
Additions
Disposals
Revaluations
Transfers
At 30 June 2023 9,911 9,911
Depreciation
At 1 July 2022 2,869 2,869
Charge for year 1,408 1,408
On disposals
Other adjustments
At 30 June 2023 4,277 4,277
Net book value
At 30 June 2023 5,634 5,634
At 30 June 2022 7,042 7,042

YOU GENERATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Stocks

2023 2022
£ £
Stocks 3,315
Total   3,315

YOU GENERATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors

2023 2022
£ £
Trade debtors 4,145 795
Other debtors 1,905
Total 6,050 795

YOU GENERATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 1,630 3,741
Other creditors 809 1,515
Total 2,439 5,256

COMMUNITY INTEREST ANNUAL REPORT

YOU GENERATE C.I.C.

Company Number: NI653772 (Northern Ireland)

Year Ending: 30 June 2023

Company activities and impact

The company's principal activity during the year was primarily in the development of business, with limited trading and starting the process of winding down.These included but not limited to the following.Product concept development – focusing in on providing energy monitoring and management.Engaging with external stake holders e.g. NIHEProduct research, outlining which products and services we would like to offer. Focusing in on Solar PV and understanding supply chains and working out supply reliability.Winding down.Out of this development time our products and services, we want to supply, fall into the 3 categorise of Measure, Manage and Mitigate.Measure : Free premises energy assessments considering the whole building and how the heated and powered.Manage : Products and services to help premises to reduce their energy demand and move to other sources of heat and power which require less or no fossil fuels.Mitigate : Provision of carbon credits to offset any Co2 produced by the building to allow the premises to be certified as carbon neutral.Measurements under the special resolution section 5 “Objectives”As of the end of the financial year we had engaged with one business and agreed to supply consultation products and services which would result is the estimated saving of 10 tons of Co2 over 5 years and offsetting a further 2 tons.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £850.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 March 2024

And signed on behalf of the board by:
Name: Richard Boyd
Status: Director