IRIS Accounts Production v24.1.0.578 04648165 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046481652023-01-31046481652024-01-31046481652023-02-012024-01-31046481652022-01-31046481652022-02-012023-01-31046481652023-01-3104648165ns15:EnglandWales2023-02-012024-01-3104648165ns14:PoundSterling2023-02-012024-01-3104648165ns10:Director12023-02-012024-01-3104648165ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104648165ns10:SmallEntities2023-02-012024-01-3104648165ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3104648165ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104648165ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104648165ns10:FullAccounts2023-02-012024-01-3104648165ns10:RegisteredOffice2023-02-012024-01-3104648165ns5:CurrentFinancialInstruments2024-01-3104648165ns5:CurrentFinancialInstruments2023-01-3104648165ns5:Non-currentFinancialInstruments2024-01-3104648165ns5:Non-currentFinancialInstruments2023-01-3104648165ns5:ShareCapital2024-01-3104648165ns5:ShareCapital2023-01-3104648165ns5:CapitalRedemptionReserve2024-01-3104648165ns5:CapitalRedemptionReserve2023-01-3104648165ns5:RetainedEarningsAccumulatedLosses2024-01-3104648165ns5:RetainedEarningsAccumulatedLosses2023-01-3104648165ns5:PlantMachinery2023-02-012024-01-3104648165ns5:LandBuildings2023-01-3104648165ns5:PlantMachinery2023-01-3104648165ns5:LandBuildings2023-02-012024-01-3104648165ns5:LandBuildings2024-01-3104648165ns5:PlantMachinery2024-01-3104648165ns5:LandBuildings2023-01-3104648165ns5:PlantMachinery2023-01-3104648165ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104648165ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31046481651ns10:Director12023-01-31046481651ns10:Director12022-01-31046481651ns10:Director12023-02-012024-01-31046481651ns10:Director12022-02-012023-01-31046481651ns10:Director12024-01-31046481651ns10:Director12023-01-31
REGISTERED NUMBER: 04648165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

NRG Power Systems Limited

NRG Power Systems Limited (Registered number: 04648165)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

NRG Power Systems Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: N Thomson





REGISTERED OFFICE: 864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ





REGISTERED NUMBER: 04648165 (England and Wales)





ACCOUNTANTS: LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ

NRG Power Systems Limited (Registered number: 04648165)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 123,496 124,501

CURRENT ASSETS
Debtors 5 624,912 548,739
Investments 6 110,783 101,144
Cash at bank and in hand 154,341 307,046
890,036 956,929
CREDITORS
Amounts falling due within one year 7 117,019 153,152
NET CURRENT ASSETS 773,017 803,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

896,513

928,278

CREDITORS
Amounts falling due after more than one year 8 - (28,273 )

PROVISIONS FOR LIABILITIES (3,174 ) (3,260 )
NET ASSETS 893,339 896,745

CAPITAL AND RESERVES
Called up share capital 67 67
Capital redemption reserve 33 33
Retained earnings 893,239 896,645
SHAREHOLDERS' FUNDS 893,339 896,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

NRG Power Systems Limited (Registered number: 04648165)

Balance Sheet - continued
31 January 2024


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 17 October 2024 and were signed by:





N Thomson - Director


NRG Power Systems Limited (Registered number: 04648165)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

NRG Power Systems 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.

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
Revenue 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

NRG Power Systems Limited (Registered number: 04648165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 110,663 83,576 194,239
Additions - 5,009 5,009
At 31 January 2024 110,663 88,585 199,248
DEPRECIATION
At 1 February 2023 3,320 66,418 69,738
Charge for year 553 5,461 6,014
At 31 January 2024 3,873 71,879 75,752
NET BOOK VALUE
At 31 January 2024 106,790 16,706 123,496
At 31 January 2023 107,343 17,158 124,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 121,898 45,779
Amounts owed by associates 482,841 452,028
Other debtors 20,173 50,932
624,912 548,739

6. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Listed investments 110,783 101,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 9,808
Trade creditors 50,229 23,071
Taxation and social security 36,654 68,451
Other creditors 30,136 51,822
117,019 153,152

NRG Power Systems Limited (Registered number: 04648165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 28,273

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
N Thomson
Balance outstanding at start of year 19,620 9,475
Amounts advanced 10,377 10,145
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,997 19,620

At the year end Mr N Thomson owed the company £9,997 (2023: £19,620). This balance was repaid to the company in February 2024.

10. RELATED PARTY DISCLOSURES

During the year the company was charged £Nil (2023: £25,500) in respect of services provided by NRG Operations Limited, a company in which Mr N Thomson is a director and shareholder.

During the year the company charged interest to NRG Operations Limited amounting to £16,054 (2023: £10,532) in respect of the loan advanced to NRG Operations Limited.

At the year end the company was owed £482,841 (2023: £452,028) by NRG Operations Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Thomson.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
NRG Power Systems Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NRG Power Systems Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of NRG Power Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NRG Power Systems Limited and state those matters that we have agreed to state to the director of NRG Power Systems Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that NRG Power Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NRG Power Systems Limited. You consider that NRG Power Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NRG Power Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ


17 October 2024