Company registration number 10853304 (England and Wales)
GENERATOR SALES PRODUCTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
GENERATOR SALES PRODUCTS LIMITED
CONTENTS
Page
Statement of comprehensive income
Balance sheet
1
Notes to the financial statements
2 - 4
GENERATOR SALES PRODUCTS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(2)
(2)
Total equity
-
0
-
0

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mr S T Pentland
Director
Company registration number 10853304 (England and Wales)
GENERATOR SALES PRODUCTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Generator Sales Products Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Granary, Cotton End, Northampton, Northamptonshire, NN4 8HP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

On 30 June 2021, the company transferred its trade and assets to a fellow subsidiary Generator Systems Limited and ceased trading. As required by UK accounting standards, the directors have prepared the financial statements on the basis the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis. Any assets or liabilities transferred to Generator Systems Limited were transferred at their carrying amounts.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

GENERATOR SALES PRODUCTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Computers
£
Cost
At 1 July 2023 and 30 June 2024
250
Depreciation and impairment
At 1 July 2023 and 30 June 2024
250
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
5
Financial instruments
6
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
GENERATOR SALES PRODUCTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
7
Ultimate controlling party

The parent company is Light Enterprises Limited, The Old Granary, Cotton End, Northampton, NN4 8HP.

2024-06-302023-07-01falsefalsetrue26 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr S T PentlandMr P JonesAccountsHaveBeenPreparedInAccordanceWithProvisionsSmallCompaniesRegime2025-06-26Audit exempt and section 480 of the Companies act 2006108533042023-07-012024-06-30108533042024-06-3010853304core:ShareCapital2024-06-3010853304core:ShareCapital2023-06-3010853304core:RetainedEarningsAccumulatedLosses2024-06-3010853304core:RetainedEarningsAccumulatedLosses2023-06-30108533042023-06-3010853304core:ShareCapitalOrdinaryShareClass12024-06-3010853304core:ShareCapitalOrdinaryShareClass12023-06-3010853304bus:Director12023-07-012024-06-3010853304core:ComputerEquipment2023-07-012024-06-30108533042022-07-012023-06-3010853304core:ComputerEquipment2023-06-3010853304core:ComputerEquipment2024-06-3010853304core:ComputerEquipment2023-06-3010853304bus:OrdinaryShareClass12023-07-012024-06-3010853304bus:OrdinaryShareClass12024-06-3010853304bus:OrdinaryShareClass12023-06-3010853304bus:EntityNoLongerTradingButTradedInPast2023-07-012024-06-3010853304bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010853304bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010853304bus:FRS1022023-07-012024-06-3010853304bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3010853304bus:Director22023-07-012024-06-3010853304bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP