IRIS Accounts Production v24.1.0.578 06254026 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062540262022-12-31062540262023-12-31062540262023-01-012023-12-31062540262021-12-31062540262022-01-012022-12-31062540262022-12-3106254026ns15:EnglandWales2023-01-012023-12-3106254026ns14:PoundSterling2023-01-012023-12-3106254026ns10:Director12023-01-012023-12-3106254026ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106254026ns10:SmallEntities2023-01-012023-12-3106254026ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106254026ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106254026ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106254026ns10:FullAccounts2023-01-012023-12-3106254026ns10:OrdinaryShareClass12023-01-012023-12-3106254026ns10:OrdinaryShareClass22023-01-012023-12-3106254026ns10:RegisteredOffice2023-01-012023-12-3106254026ns5:CurrentFinancialInstruments2023-12-3106254026ns5:CurrentFinancialInstruments2022-12-3106254026ns5:ShareCapital2023-12-3106254026ns5:ShareCapital2022-12-3106254026ns5:RetainedEarningsAccumulatedLosses2023-12-3106254026ns5:RetainedEarningsAccumulatedLosses2022-12-3106254026ns5:ComputerEquipment2023-01-012023-12-3106254026ns5:ComputerEquipment2022-12-3106254026ns5:ComputerEquipment2023-12-3106254026ns5:ComputerEquipment2022-12-3106254026ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106254026ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106254026ns10:OrdinaryShareClass12023-12-3106254026ns10:OrdinaryShareClass22023-12-31
REGISTERED NUMBER: 06254026 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

GENERATION CONTROL AND OPTIMISATION LTD

GENERATION CONTROL AND OPTIMISATION LTD (REGISTERED NUMBER: 06254026)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GENERATION CONTROL AND OPTIMISATION LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Mr C L Powers





Registered office: 30 Winstanley Road
Orrell
Wigan
Lancashire
WN5 7XD





Registered number: 06254026 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

GENERATION CONTROL AND OPTIMISATION LTD (REGISTERED NUMBER: 06254026)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307 1,319

CURRENT ASSETS
Debtors 5 560 7,525
Cash at bank 72,079 121,009
72,639 128,534
CREDITORS
Amounts falling due within one year 6 6,632 25,761
NET CURRENT ASSETS 66,007 102,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,314

104,092

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 66,312 104,090
SHAREHOLDERS' FUNDS 66,314 104,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





Mr C L Powers - Director


GENERATION CONTROL AND OPTIMISATION LTD (REGISTERED NUMBER: 06254026)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Generation Control and Optimisation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GENERATION CONTROL AND OPTIMISATION LTD (REGISTERED NUMBER: 06254026)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 6,453
DEPRECIATION
At 1 January 2023 5,134
Charge for year 1,012
At 31 December 2023 6,146
NET BOOK VALUE
At 31 December 2023 307
At 31 December 2022 1,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32 7,033
Other debtors 528 492
560 7,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 4,652 23,932
Other creditors 1,980 1,829
6,632 25,761

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2