Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 14311114 Mr Nathan Winch Winch & Co Capital Ltd 46 Park Place, Leeds, England, LS1 2RY true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14311114 2023-12-31 14311114 2024-12-31 14311114 2024-01-01 2024-12-31 14311114 frs-core:CurrentFinancialInstruments 2024-12-31 14311114 frs-core:PlantMachinery 2024-12-31 14311114 frs-core:PlantMachinery 2024-01-01 2024-12-31 14311114 frs-core:PlantMachinery 2023-12-31 14311114 frs-core:SharePremium 2024-12-31 14311114 frs-core:ShareCapital 2024-12-31 14311114 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14311114 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14311114 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14311114 frs-bus:SmallEntities 2024-01-01 2024-12-31 14311114 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14311114 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14311114 1 2024-01-01 2024-12-31 14311114 frs-bus:Director1 2024-01-01 2024-12-31 14311114 frs-countries:EnglandWales 2024-01-01 2024-12-31 14311114 2022-12-31 14311114 2023-12-31 14311114 2023-01-01 2023-12-31 14311114 frs-core:CurrentFinancialInstruments 2023-12-31 14311114 frs-core:SharePremium 2023-12-31 14311114 frs-core:ShareCapital 2023-12-31 14311114 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14311114
Giga Power (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Elementary Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14311114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,292 18,544
45,292 18,544
CURRENT ASSETS
Debtors 5 10,358 12,109
Cash at bank and in hand 1,165 3
11,523 12,112
Creditors: Amounts Falling Due Within One Year 6 (48,004 ) (17,191 )
NET CURRENT ASSETS (LIABILITIES) (36,481 ) (5,079 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,811 13,465
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 - (4,636 )
NET ASSETS 8,811 8,829
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 19,999 19,999
Profit and Loss Account (11,190 ) (11,172 )
SHAREHOLDERS' FUNDS 8,811 8,829
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nathan Winch
Director
26/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Giga Power (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14311114 . The registered office is 46 Park Place, Leeds, LS1 2RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company has made a loss during the year but is a new start up company in the early stages of trading and has the full support of the parent company who is the main creditor. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to the provision of electric vehicle charging at public charging points and is recognised in line with usage of the machines by the customer. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes all costs associated with getting the asset to a stage where it is operating as intended. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 20,014
Additions 29,033
As at 31 December 2024 49,047
Depreciation
As at 1 January 2024 1,470
Provided during the period 2,285
As at 31 December 2024 3,755
Net Book Value
As at 31 December 2024 45,292
As at 1 January 2024 18,544
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,210 9,800
Prepayments and accrued income 3,104 2,273
Amounts owed by group undertakings 44 36
10,358 12,109
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 639 3,566
Accruals and deferred income 870 840
Amounts owed to parent undertaking 46,495 12,785
48,004 17,191
7. Deferred Taxation
Tax losses of £45,975 (2023: £14,574) are available to carry forward to the following period but these have not been provided for in the accounts as there is no certainty of future profits. There are also timing differences which create a potential liability of £10,581 (2023: £4,636) this has not been provided within the accounts due to the overall net asset position. 
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences - 4,636
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
At the year end, £44 (2023: £36) was owed from entities under the same control as this entity. These balances are interest free and have no fixed repayment terms. 
Included within Trade Debtors is a balance of £7,210 (2023: £9,800) owed to entities under the same control as this entity. 
Turnover includes £7,825 (2023: £2,732) of sales to entities under the same control as this entity. 
10. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Winch & Co Capital Ltd . Winch & Co Capital Ltd was incorporated in England. The Registered office of Winch & Co Capital Ltd is 46 Park Place, Leeds, England, LS1 2RY
Page 5