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REGISTERED NUMBER: 11789463 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PLUG-N-GO EV LIMITED

PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUG-N-GO EV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr K Hounsell
Mr T Revill
Dr R Evans





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 11789463 (England and Wales)





ACCOUNTANTS: Grant Thornton Limited
Chartered Accountants
St James Place
St James Street
St Peter Port
Guernsey
GY1 2NZ

PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,526,450 1,526,450

CURRENT ASSETS
Debtors 5 823,198 499,244
Cash at bank 10,559 363
833,757 499,607
CREDITORS
Amounts falling due within one year 6 (303,590 ) (268,793 )
NET CURRENT ASSETS 530,167 230,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,056,617

1,757,264

CAPITAL AND RESERVES
Called up share capital 7 1,218 1,125
Share premium 8 2,148,780 1,834,789
Retained earnings 8 (93,381 ) (78,650 )
SHAREHOLDERS' FUNDS 2,056,617 1,757,264

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 directors acknowledge their 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.

PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Mr K Hounsell - Director



Mr T Revill - Director


PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

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


1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Cash and cash equivalents
Cash and cash equivalents represent those balances held within the Company's bank accounts and in term deposits of three months or less.

Debtors
Short term debtors are measured at transaction price less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

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


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 1,526,450
NET BOOK VALUE
At 31 December 2023 1,526,450
At 31 December 2022 1,526,450

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Plug-N-Go (CI) Limited
Registered office: Guernsey
Nature of business: supply, installation and management of electric
%
Class of shares: holding
Ordinary 100.00

Plug-N-Go Limited
Registered office: United Kingdom
Nature of business: installing and operating electric vehicle charging
%
Class of shares: holding
Ordinary 100.00

Plug-N-Maintain Ltd
Registered office: United Kingdom
Nature of business: repairs and maintenance of EV charge point
%
Class of shares: holding
Ordinary 100.00

PNG Assets 1 Limited
Registered office: United Kingdom
Nature of business: leasing and taking concessions for suitable
%
Class of shares: holding
Ordinary 100.00

Plug-N-Go (Gibraltar) Limited
Registered office: Gibraltar
Nature of business: Supply,installation and management of electric ve
%
Class of shares: holding
Ordinary 75.00

PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 821,565 499,244
Prepayments 1,633 -
823,198 499,244

The amounts due from group undertakings are unsecured, interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,330 1,082
Amounts owed to group undertakings 238,260 117,511
Loan- Septer Limited 37,600 127,000
Loan - Mrs G Revill 20,000 20,000
Accrued expenses 3,400 3,200
303,590 268,793

The amounts owed to group undertakings are unsecured, interest free and repayable on demand.

The loan with Mrs G Revill and Septer Limited are unsecured, interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,217,788 Ordinary £0.00 1 1,218 1,125

An initial 1,000,000 Ordinary shares of £0.001 each were allotted. The company issued further shares as follows:-

16 January to 18 March 2020- 34,003 shares at a cost of £2.90 per share
25 September to 28 October 2020- 26,297 shares at a cost of £3.10 per share
29 March to 1 September 2021- 30,446 shares at a cost of £3.10 per share
30 September 2021- 8,274 shares at a cost of £3.44 per share
14 January 2022- 10,256 shares at a cost of £3.25 per share
23 May 2022- 204 shares at a cost of £3.25 per share
14 June 2022- 15,385 shares at a cost of £3.25 per share
05 July 2023- 85,128 shares at a cost of £3.38 per share
04 August 2023- 685 shares at a cost of £3.38 per share
22 August 2023- 889 shares at a cost of £3.38 per share
14 December 2023- 6,221 shares at a cost of £3.38 per share

PLUG-N-GO EV LIMITED (REGISTERED NUMBER: 11789463)

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


8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (78,650 ) 1,834,789 1,756,139
Deficit for the year (14,731 ) - (14,731 )
Cash share issue - 313,991 313,991
At 31 December 2023 (93,381 ) 2,148,780 2,055,399

9. RELATED PARTY DISCLOSURES

Summary of transactions with associated companies:

Plug-N-Go Limited
At the balance sheet date there is a loan of £620,506 due to the Company (2022: £449,035).

Plug-N-Maintain Limited
At the balance sheet date there is a loan of £12,326 due to the Company (2022: £9,008).

PNG Assets 1 Limited
At the balance sheet date there is a loan of £126,564 due to the Company (2022: £26,309).

Plug-N-Go (Gibraltar) Limited
At the balance sheet date there is a loan of £62,169 due to the Company (2022 : £14,892).

Plug-N-Go (CI) Limited
At the balance sheet date there is a loan of £238,260 due by the Company (2022: £117,511).

The company also had the following transactions during the year with a company under common control:

Septer Limited
At the balance sheet date there is a loan of £37,600 due by the Company (2022: £127,000).

Mrs G Revill
At the balance sheet date there is a loan of £20,000 due by the Company (2022: £20,000).

The directors believe the ultimate controlling parties of the company to be Mr T Revill and Mr K Hounsell.

10. SUBSEQUENT EVENT

There are no subsequent events from the reporting date to the date of signing of these financial statements.