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REGISTERED NUMBER: 09589366 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Energi Generation Ltd

Energi Generation Ltd (Registered number: 09589366)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Energi Generation Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr D St John
Mr M Dickinson
Mr R I Dickinson





REGISTERED OFFICE: 14 Beechwood Close
Lytham
Lancashire
FY8 4BF





REGISTERED NUMBER: 09589366 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Energi Generation Ltd (Registered number: 09589366)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,358 42,946

CURRENT ASSETS
Stocks 1,133,990 969,740
Debtors 56,124 17,584
Cash at bank 104,198 251,352
1,294,312 1,238,676
CREDITORS
Amounts falling due within one year 837,746 523,017
NET CURRENT ASSETS 456,566 715,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,924

758,605

CREDITORS
Amounts falling due after more than one
year

2,486,168

2,241,496
NET LIABILITIES (1,994,244 ) (1,482,891 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,994,344 ) (1,482,991 )
SHAREHOLDERS' FUNDS (1,994,244 ) (1,482,891 )

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

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 February 2025 and were signed on its behalf by:





Mr D St John - Director


Energi Generation Ltd (Registered number: 09589366)

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

1. STATUTORY INFORMATION

Energi Generation 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The company has net liabilities of £1,994,244. These are funded by loans from the directors and a third party. It is anticipated that these loans will be repaid from the profits of future trade. The directors have made enquiries of the third party who doesn't intend to demand repayment of the loan. The directors will also continue to support the company for the foreseeable future, however no formal agreements are in place. The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Energi Generation Ltd (Registered number: 09589366)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 76,220
Additions 4,198
At 31 May 2024 80,418
DEPRECIATION
At 1 June 2023 33,274
Charge for year 11,786
At 31 May 2024 45,060
NET BOOK VALUE
At 31 May 2024 35,358
At 31 May 2023 42,946

5. RELATED PARTY DISCLOSURES

Included in creditors at the balance sheet date are interest free loans from the directors amounting to £743,232 (2023: £748,560).