Registration number: 09915175

Microgen Energy Ltd

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Microgen Energy Ltd

Company Information

Directors

Niamh Marcele Ward Stuart James Ward

Registered office

Unit 4 Kensington Industrial Estate Southport PR9 0NY

Accountants

S.B.P. (Southport) Limited T/A SB Patel & Co Chartered Certified Accountants Tolsey House 1 Marshside Road Churchtown Southport Merseyside PR9 9TL

Microgen Energy Ltd

(Registration number: 09915175)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	15,583	15,583
Tangible assets	5	36,904	47,543
		52,487	63,126
Current assets
Stocks	6	4,000	110,657
Debtors	7	312,815	400,663
Cash at bank and in hand		463	67,961
		317,278	579,281
Creditors: Amounts falling due within one year	8	(426,380)	(326,596)
Net current (liabilities)/assets		(109,102)	252,685
Total assets less current liabilities		(56,615)	315,811
Creditors: Amounts falling due after more than one year	8	(4,167)	(188,522)
Net (liabilities)/assets		(60,782)	127,289
Capital and reserves
Called up share capital		100	100
Retained earnings		(60,882)	127,189
Shareholders' (deficit)/funds		(60,782)	127,289

For the financial 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.

Microgen Energy Ltd

(Registration number: 09915175)
Statement of Financial Position as at 31 December 2024

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Niamh Marcele Ward Director

......................................... Stuart James Ward Director

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4
Kensington Industrial Estate
Southport
PR9 0NY
England

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	15,583	15,583
At 31 December 2024	15,583	15,583
Amortisation
Carrying amount
At 31 December 2024	15,583	15,583
At 31 December 2023	15,583	15,583

5	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	10,387	67,602	77,989
Disposals	-	(3,450)	(3,450)
At 31 December 2024	10,387	64,152	74,539
Depreciation
At 1 January 2024	5,314	25,132	30,446
Charge for the year	1,015	8,211	9,226
Eliminated on disposal	-	(2,037)	(2,037)
At 31 December 2024	6,329	31,306	37,635
Carrying amount
At 31 December 2024	4,058	32,846	36,904
At 31 December 2023	5,073	42,470	47,543

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Work in progress	-	86,657
Other inventories	4,000	24,000
	4,000	110,657

7

Debtors

Current	2024 £	2023 £
Trade debtors	107,861	18,533
Prepayments	3,138	1,877
Other debtors	201,816	380,253
	312,815	400,663

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	220,342	78,982
Trade creditors		97,869	166,758
Taxation and social security		5,353	-
Accruals and deferred income		2,380	2,180
Other creditors		100,436	78,676
		426,380	326,596

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	4,167	188,522

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,167	188,522

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	215,344	78,982
Bank overdrafts	4,998	-
	220,342	78,982

Microgen Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Stuart James Ward
Directors Loan Account	232,859	24,850	(107,709)	150,000

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Stuart James Ward
Directors Loan Account	(8,125)	356,585	(115,600)	232,859