Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr J L Antoniou 14/01/2010 Mr B H Phillips 21/12/2022 Mr N J Smith 02/12/2024 21/12/2022 Mr C Todd 18/01/2024 18 September 2025 The principal activity of the Company during the financial year was that of renewable energy development and installations. It also provided management services and support to an associated company within the renewable energy sector. 07125502 2024-09-30 07125502 bus:Director1 2024-09-30 07125502 bus:Director2 2024-09-30 07125502 bus:Director3 2024-09-30 07125502 bus:Director4 2024-09-30 07125502 2023-09-30 07125502 core:CurrentFinancialInstruments 2024-09-30 07125502 core:CurrentFinancialInstruments 2023-09-30 07125502 core:Non-currentFinancialInstruments 2024-09-30 07125502 core:Non-currentFinancialInstruments 2023-09-30 07125502 core:ShareCapital 2024-09-30 07125502 core:ShareCapital 2023-09-30 07125502 core:RetainedEarningsAccumulatedLosses 2024-09-30 07125502 core:RetainedEarningsAccumulatedLosses 2023-09-30 07125502 core:PlantMachinery 2023-09-30 07125502 core:Vehicles 2023-09-30 07125502 core:OfficeEquipment 2023-09-30 07125502 core:PlantMachinery 2024-09-30 07125502 core:Vehicles 2024-09-30 07125502 core:OfficeEquipment 2024-09-30 07125502 core:CostValuation 2023-09-30 07125502 core:CostValuation 2024-09-30 07125502 bus:OrdinaryShareClass1 2024-09-30 07125502 2023-10-01 2024-09-30 07125502 bus:FilletedAccounts 2023-10-01 2024-09-30 07125502 bus:SmallEntities 2023-10-01 2024-09-30 07125502 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07125502 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07125502 bus:Director1 2023-10-01 2024-09-30 07125502 bus:Director2 2023-10-01 2024-09-30 07125502 bus:Director3 2023-10-01 2024-09-30 07125502 bus:Director4 2023-10-01 2024-09-30 07125502 core:PlantMachinery 2023-10-01 2024-09-30 07125502 core:Vehicles core:TopRangeValue 2023-10-01 2024-09-30 07125502 core:OfficeEquipment 2023-10-01 2024-09-30 07125502 2022-10-01 2023-09-30 07125502 core:Vehicles 2023-10-01 2024-09-30 07125502 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 07125502 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 07125502 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07125502 (England and Wales)

# GB NRG LTD

### Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

GB NRG LTD

## Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

GB NRG LTD

## BALANCE SHEET

As at 30 September 2024
GB NRG LTD

## BALANCE SHEET (continued)

As at 30 September 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 60,322 |  | 94,778
Investments | 4 | 301 |  | 301
|  | 60,623 |  | 95,079
Current assets |  |  |  |
Stocks |  | 18,816 |  | 10,049
Debtors | 5 | 1,237,668 |  | 1,337,275
Cash at bank and in hand |  | 342,430 |  | 579,198
|  | 1,598,914 |  | 1,926,522
Creditors: amounts falling due within one year | 6 | ( 158,374) |  | ( 523,367)
Net current assets |  | 1,440,540 |  | 1,403,155
Total assets less current liabilities |  | 1,501,163 |  | 1,498,234
Creditors: amounts falling due after more than one year | 7 | ( 11,019) |  | ( 50,175)
Provision for liabilities |  | ( 14,548) |  | ( 23,405)
Net assets |  | 1,475,596 |  | 1,424,654
Capital and reserves |  |  |  |
Called-up share capital | 8 | 10 |  | 10
Profit and loss account |  | 1,475,586 |  | 1,424,644
Total shareholder's funds |  | 1,475,596 |  | 1,424,654

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of GB NRG Ltd (registered number: 07125502) were approved and authorised for issue by the Board of Directors on 18 September 2025. They were signed on its behalf by:

Mr B H Phillips Director |

GB NRG LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
GB NRG LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

GB NRG Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of energy development, installation and management services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 15 % reducing balance
Vehicles | 3 years straight line
Office equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 10 |  | 8

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 October 2023 | 10,545 |  | 120,696 |  | 4,370 |  | 135,611
Additions | 3,503 |  | 0 |  | 4,292 |  | 7,795
At 30 September 2024 | 14,048 |  | 120,696 |  | 8,662 |  | 143,406
Accumulated depreciation |  |  |  |  |  |  |
At 01 October 2023 | 8,316 |  | 31,862 |  | 655 |  | 40,833
Charge for the financial year | 860 |  | 40,190 |  | 1,201 |  | 42,251
At 30 September 2024 | 9,176 |  | 72,052 |  | 1,856 |  | 83,084
Net book value |  |  |  |  |  |  |
At 30 September 2024 | 4,872 |  | 48,644 |  | 6,806 |  | 60,322
At 30 September 2023 | 2,229 |  | 88,834 |  | 3,715 |  | 94,778

#### 4. Fixed asset investments

Investments in subsidiaries

| 2024
| £
Cost |
At 01 October 2023 | 301
At 30 September 2024 | 301
Carrying value at 30 September 2024 | 301
Carrying value at 30 September 2023 | 301

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 55,400 |  | 167,921
Amounts owed by Group undertakings | 378 |  | 378
Amounts owed by directors | 1,114 |  | 20,214
Prepayments | 14,343 |  | 8,100
Other debtors | 1,166,433 |  | 1,140,662
| 1,237,668 |  | 1,337,275

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 16,524 |  | 169,084
Amounts owed to directors | 18,489 |  | 18,528
Accruals | 2,484 |  | 2,621
Corporation tax | 25,817 |  | 120,466
Other taxation and social security | 17,117 |  | 127,994
Obligations under finance leases and hire purchase contracts (secured) | 38,885 |  | 41,687
Other creditors | 39,058 |  | 42,987
| 158,374 |  | 523,367

#### 7. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 11,019 |  | 50,175

The obligations under hire purchase contracts are secured against the asset to which they relate.

#### 8. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10 Ordinary shares of £ 1.00 each | 10 |  | 10

#### 9. Related party transactions

Transactions with the entity's directors

| 2024 |  | 2023
| £ |  | £
As at 1 October | 20,214 |  | 0
Advances | 0 |  | 20,214
Repayments | (19,100) |  | 0
As at 30 September | 1,114 |  | 20,214

This loan is subject to interest charged at HMRC official rates for beneficial loans.

Other related party transactions

Included in other debtors is a loan of £1,071,403 (2023 - £1,071,403) to another company in which the director and shareholder had a participating interest. The loan is interest free and repayable on demand.