Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseFitting and maintenance of solar panels.33falsetrue 07104689 2023-01-01 2023-12-31 07104689 2022-01-01 2022-12-31 07104689 2023-12-31 07104689 2022-12-31 07104689 2022-01-01 07104689 c:Director1 2023-01-01 2023-12-31 07104689 d:PlantMachinery 2023-01-01 2023-12-31 07104689 d:PlantMachinery 2023-12-31 07104689 d:PlantMachinery 2022-12-31 07104689 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07104689 d:MotorVehicles 2023-01-01 2023-12-31 07104689 d:MotorVehicles 2023-12-31 07104689 d:MotorVehicles 2022-12-31 07104689 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07104689 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07104689 d:CurrentFinancialInstruments 2023-12-31 07104689 d:CurrentFinancialInstruments 2022-12-31 07104689 d:Non-currentFinancialInstruments 2023-12-31 07104689 d:Non-currentFinancialInstruments 2022-12-31 07104689 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07104689 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07104689 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07104689 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07104689 d:ShareCapital 2023-01-01 2023-12-31 07104689 d:ShareCapital 2023-12-31 07104689 d:ShareCapital 2022-01-01 2022-12-31 07104689 d:ShareCapital 2022-12-31 07104689 d:ShareCapital 2022-01-01 07104689 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07104689 d:RetainedEarningsAccumulatedLosses 2023-12-31 07104689 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07104689 d:RetainedEarningsAccumulatedLosses 2022-12-31 07104689 d:RetainedEarningsAccumulatedLosses 2022-01-01 07104689 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07104689 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07104689 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 07104689 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 07104689 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 07104689 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 07104689 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 07104689 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 07104689 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-12-31 07104689 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2022-12-31 07104689 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07104689 c:OrdinaryShareClass1 2023-12-31 07104689 c:OrdinaryShareClass1 2022-12-31 07104689 c:FRS102 2023-01-01 2023-12-31 07104689 c:Audited 2023-01-01 2023-12-31 07104689 c:FullAccounts 2023-01-01 2023-12-31 07104689 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07104689 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07104689 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07104689










GREEN ENERGY POWER SOLUTIONS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GREEN ENERGY POWER SOLUTIONS LIMITED
REGISTERED NUMBER: 07104689

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
701,886
752,015

Current assets
  

Debtors: amounts falling due within one year
 6 
137,731
160,346

Cash at bank and in hand
 7 
85,273
59,039

  
223,004
219,385

Creditors: amounts falling due within one year
 8 
(152,450)
(252,682)

Net current assets/(liabilities)
  
 
 
70,554
 
 
(33,297)

Total assets less current liabilities
  
772,440
718,718

Creditors: amounts falling due after more than one year
 9 
(1,362,786)
(1,522,626)

Provisions for liabilities
  

Deferred tax
 10 
(47,588)
-

Other provisions
 11 
(109,743)
(125,903)

  
 
 
(157,331)
 
 
(125,903)

Net liabilities
  
(747,677)
(929,811)


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
 13 
(747,777)
(929,911)

  
(747,677)
(929,811)


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




Mr J L Radford
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 1

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
(1,003,373)
(1,003,273)


Comprehensive income for the year

Profit for the year
-
73,462
73,462
Total comprehensive income for the year
-
73,462
73,462



At 1 January 2023
100
(929,911)
(929,811)


Comprehensive income for the year

Profit for the year
-
182,134
182,134
Total comprehensive income for the year
-
182,134
182,134


At 31 December 2023
100
(747,777)
(747,677)


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Green Energy Power Solutions Limited is a Company limited by shares and incorporated in England. The Company registration number is 07104689. The Company registered office is Saturn Building, Balby Carr Bank, Doncaster, DN4 5JQ. The principal activity of the Company is the fitting and maintenance of solar panels.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The Company's functional and presentational currency is GBP.
The Company has prepared it's financial statements to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the Company had net liabilities of £747,677. The Company meets its day to day working capital demands via funding from fellow group companies and companies under common control. As such the company is reliant upon the support of its creditors.
In determining the appropriate basis of preparing the financial statements, the directors are required to consider whether the company can continue its operational existence for the foreseeable future and at least 12 months from following the signing of this report. A letter of support has been obtained from the Company's most significant creditor; One Call Insurance Services Limited confirming that loans will not be called in for at least 12 months from the date of approval of the financial statements and additional financial support will be provided if required. Given this, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Page 3

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Solar Panels
-
5%
Straight line
Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Warranty & compensation provisions
The Company offers warranties against installations. Management have assessed the present value of expected warranty claims each year in order to quantify the required provision. The assessment is based on average costs of claims and expectations based on historic claims and age of equipment.
The Company faces claims for compensation. Management make a balanced assessment of the level of provision required to settle such claims into the future based on historic settlement values and case numbers.

Page 6

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Employees

2023
2022
£
£

Wages and salaries
96,455
101,941

Social security costs
9,923
11,202

Cost of defined contribution scheme
2,262
2,118

108,640
115,261


The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Maintenance staff
3
3


5.


Tangible fixed assets





Solar Panels
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
950,103
20,968
971,071



At 31 December 2023

950,103
20,968
971,071



Depreciation


At 1 January 2023
218,619
437
219,056


Charge for the year on owned assets
47,507
2,622
50,129



At 31 December 2023

266,126
3,059
269,185



Net book value



At 31 December 2023
683,977
17,909
701,886



At 31 December 2022
731,484
20,531
752,015

Page 7

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£

Trade debtors
1,200
53,571

Amounts owed by connected companies
20,430
-

Other debtors
-
16,750

Prepayments and accrued income
116,101
90,025

137,731
160,346


Amounts owed by connected companies are interest free and repayable on demand.


7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
85,273
59,039



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,631
139

Amounts owed to group undertakings
-
33,543

Other taxation and social security
4,915
-

Other creditors
127,487
214,000

Accruals and deferred income
13,417
5,000

152,450
252,682


Amounts owed to group undertakings are interest free and repayable on demand.

Page 8

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
-
1,522,626

Amounts owed to connected companies
1,362,786
-

1,362,786
1,522,626


Non-current amounts owed to connected companies are amounts owed to One Call Insurance Services Limited. One Call Insurance Services Limited have provided written confirmation that they will not demand repayment of amounts owed for at least 12 months, unless the Company is in a position to repay amounts and as such this has been recognised as an amount falling due after more than one year. Interest is charged at 1% compounded monthly on the loan.


10.


Deferred taxation




2023


£






Charged to statement of comprehensive income
(47,588)



At end of year
(47,588)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(130,774)
-

Tax losses carried forward
83,186
-

(47,588)
-


The expected reversal of deferred tax is not estimated to be material.


11.


Provisions




Warranty claims
Compensation claims
Total

£
£
£


At 1 January 2023
41,430
84,473
125,903


Charged to statement of comprehensive income
(21,603)
5,443
(16,160)



At 31 December 2023
19,827
89,916
109,743

Page 9

 
GREEN ENERGY POWER SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



13.


Reserves

Profit and loss account

Includes all distributable current and prior period retained profits and losses.


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,262 (2022 - £2,118). Contributions totalling £NIL (2022 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


15.


Transactions with directors

The Company owed £127,487 (2022: £214,000) to Director J L Radford which is recognised in other creditors. No amounts were advanced or repaid during the year and the maximum balance owed was £214,000. The director loan is interest free and repayable on demand.
During the year, the Company generated sales of £86,513 (2022: £nil) with Director J L Radford.


16.


Controlling party

The immediate and ultimate parent company is RSCPBR B Ltd by virtue of it's controlling interest in the equity capital in Green Energy Power Solutions Limited. RSCPBR B Ltd is incorporated in England.
The ultimate controlling party is J L Radford by virtue of his controlling interest in the equity capital in RSCBPR B Ltd.


17.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 19 September 2024 by James Delve (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 10