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REGISTERED NUMBER: 07135339 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

I-GEN ENERGY LIMITED

I-GEN ENERGY LIMITED (REGISTERED NUMBER: 07135339)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 6


I-GEN ENERGY LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr P J Hewart





REGISTERED OFFICE: 3rd Floor Broadstone Mill
Broadstone Road
Stockport
Greater Manchester
SK5 7DL





REGISTERED NUMBER: 07135339 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

I-GEN ENERGY LIMITED (REGISTERED NUMBER: 07135339)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the supply and installation of solar panels.

DIRECTOR
Mr P J Hewart held office during the whole of the period from 1 July 2023 to the date of this report.

His beneficial interests in the shares of the company, according to the register of directors' interests, were as follows:

30.6.24 1.7.23
Ordinary A shares of £1 each 100 100

He did not hold any beneficial interests in the Ordinary B shares of £1 each.

He did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr P J Hewart - Director


28 March 2025

I-GEN ENERGY LIMITED (REGISTERED NUMBER: 07135339)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,363 17,691

CURRENT ASSETS
Debtors 5 618,246 1,434,799
Cash at bank 3,616,130 1,524,882
4,234,376 2,959,681
CREDITORS
Amounts falling due within one year 6 (1,339,987 ) (655,886 )
NET CURRENT ASSETS 2,894,389 2,303,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,910,752

2,321,486

PROVISIONS FOR LIABILITIES (4,091 ) (4,423 )
NET ASSETS 2,906,661 2,317,063

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,906,461 2,316,863
SHAREHOLDERS' FUNDS 2,906,661 2,317,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

I-GEN ENERGY LIMITED (REGISTERED NUMBER: 07135339)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





Mr P J Hewart - Director


I-GEN ENERGY LIMITED (REGISTERED NUMBER: 07135339)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

I-Gen Energy 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 5 (2023 - 5 ) .

I-GEN ENERGY LIMITED (REGISTERED NUMBER: 07135339)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 10,696 20,490 11,579 42,765
Additions 1,723 - 2,582 4,305
At 30 June 2024 12,419 20,490 14,161 47,070
DEPRECIATION
At 1 July 2023 8,127 8,965 7,982 25,074
Charge for year 1,073 2,881 1,679 5,633
At 30 June 2024 9,200 11,846 9,661 30,707
NET BOOK VALUE
At 30 June 2024 3,219 8,644 4,500 16,363
At 30 June 2023 2,569 11,525 3,597 17,691

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 541,599 1,230,362
Other debtors 76,647 204,437
618,246 1,434,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 21,425 -
Trade creditors 207,411 348,922
Taxation and social security 382,485 264,039
Other creditors 728,666 42,925
1,339,987 655,886

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 6,499 5,382
Between one and five years 16,494 36,054
22,993 41,436

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.