IRIS Accounts Production v24.3.2.46 07328950 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073289502023-12-31073289502024-12-31073289502024-01-012024-12-31073289502022-12-31073289502023-01-012023-12-31073289502023-12-3107328950ns15:EnglandWales2024-01-012024-12-3107328950ns14:PoundSterling2024-01-012024-12-3107328950ns10:Director12024-01-012024-12-3107328950ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107328950ns10:SmallEntities2024-01-012024-12-3107328950ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107328950ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107328950ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107328950ns10:FullAccounts2024-01-012024-12-3107328950ns10:CompanySecretary12024-01-012024-12-3107328950ns10:RegisteredOffice2024-01-012024-12-3107328950ns5:CurrentFinancialInstruments2024-12-3107328950ns5:CurrentFinancialInstruments2023-12-3107328950ns5:Non-currentFinancialInstruments2024-12-3107328950ns5:Non-currentFinancialInstruments2023-12-3107328950ns5:ShareCapital2024-12-3107328950ns5:ShareCapital2023-12-3107328950ns5:RetainedEarningsAccumulatedLosses2024-12-3107328950ns5:RetainedEarningsAccumulatedLosses2023-12-3107328950ns5:PlantMachinery2024-01-012024-12-3107328950ns5:PlantMachinery2023-12-3107328950ns5:PlantMachinery2024-12-3107328950ns5:PlantMachinery2023-12-3107328950ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107328950ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 07328950 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GENERATOR SOLUTIONS AS LIMITED

GENERATOR SOLUTIONS AS LIMITED (REGISTERED NUMBER: 07328950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENERATOR SOLUTIONS AS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: G Wessel





SECRETARY: Wessel AS





REGISTERED OFFICE: 9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR





REGISTERED NUMBER: 07328950 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

GENERATOR SOLUTIONS AS LIMITED (REGISTERED NUMBER: 07328950)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,654 21,611

CURRENT ASSETS
Stocks 739,717 517,736
Debtors 5 98,700 248,795
Cash at bank 188,851 70,040
1,027,268 836,571
CREDITORS
Amounts falling due within one
year

6

442,665

356,119
NET CURRENT ASSETS 584,603 480,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,257

502,063

CREDITORS
Amounts falling due after more
than one year

7

(301,678

)

(349,909

)

PROVISIONS FOR LIABILITIES (3,755 ) (5,403 )
NET ASSETS 293,824 146,751

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 283,824 136,751
293,824 146,751

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

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

GENERATOR SOLUTIONS AS LIMITED (REGISTERED NUMBER: 07328950)

BALANCE SHEET - continued
31 DECEMBER 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 21 February 2025 and were signed by:





G Wessel - Director


GENERATOR SOLUTIONS AS LIMITED (REGISTERED NUMBER: 07328950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Generator Solutions AS 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
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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

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.

GENERATOR SOLUTIONS AS LIMITED (REGISTERED NUMBER: 07328950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 56,988
Additions 1,787
Disposals (1,320 )
At 31 December 2024 57,455
DEPRECIATION
At 1 January 2024 35,377
Charge for year 8,261
Eliminated on disposal (837 )
At 31 December 2024 42,801
NET BOOK VALUE
At 31 December 2024 14,654
At 31 December 2023 21,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,663 182,009
Other debtors 37,037 66,786
98,700 248,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 343,552 269,681
Taxation and social security 65,579 50,621
Other creditors 33,534 35,817
442,665 356,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 301,678 349,909

GENERATOR SOLUTIONS AS LIMITED (REGISTERED NUMBER: 07328950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. RELATED PARTY DISCLOSURES

Generator Solutions AS Ltd is owned by Generator Solutions AS.

Generator Solutions AS is owned by Wessel AS.
There was a balance due to Wessel AS as at 31st December 2024 totalling £318,631 (2023: £368,116).