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REGISTERED NUMBER: 09019393 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OFF GRID POWERGEN LIMITED

OFF GRID POWERGEN LIMITED (REGISTERED NUMBER: 09019393)






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


OFF GRID POWERGEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J A Rahmu





REGISTERED OFFICE: Room 73 Wrest Park
Wrest House
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 09019393 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

OFF GRID POWERGEN LIMITED (REGISTERED NUMBER: 09019393)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 5 2,950 2,950
Debtors 6 5,600 5,600
Cash at bank 27 1
8,577 8,551
CREDITORS
Amounts falling due within one year 7 4,349 3,143
NET CURRENT ASSETS 4,228 5,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,228

5,408

CREDITORS
Amounts falling due after more than one year 8 3,363 4,004
NET ASSETS 865 1,404

CAPITAL AND RESERVES
Called up share capital 9 123 123
Share premium 104,995 104,995
Retained earnings (104,253 ) (103,714 )
SHAREHOLDERS' FUNDS 865 1,404

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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





J A Rahmu - Director


OFF GRID POWERGEN LIMITED (REGISTERED NUMBER: 09019393)

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

1. STATUTORY INFORMATION

Off Grid Powergen Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 January 2023 15,351
Disposals (15,351 )
At 31 December 2023 -
Depreciation
At 1 January 2023 15,351
Eliminated on disposal (15,351 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 -

OFF GRID POWERGEN LIMITED (REGISTERED NUMBER: 09019393)

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

5. STOCKS
2023 2022
£    £   
Stocks 2,950 2,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,600 5,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,350 1,350
Other creditors 2,221 1,015
Director's loan account 78 78
Accruals and deferred income 700 700
4,349 3,143

The bank loan related to a Business Bounce Back Loan undertaken in 2020. Interest is charged at 2.5%. There are no set repayment terms in place.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,363 4,004

The bank loan related to a Business Bounce Back Loan undertaken in 2020. Interest is charged at 2.5%. There are no set repayment terms in place.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
118 Ordinary £1 118 118
5 Ordinary A £1 5 5
123 123

Both share classes rank pari-passu in all respects.

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £78 (2022: £78) due to J A Rahmu, director. No interest was charged on this balance during the year (2022: £Nil). No set repayment terms are in place.