Company No: 07125502 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	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

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.