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Registered number: 07733334
Alphagen Renewables Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07733334
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,063,535 901,684
1,063,535 901,684
CURRENT ASSETS
Debtors 5 263,998 185,027
Cash at bank and in hand 232,536 320,289
496,534 505,316
Creditors: Amounts Falling Due Within One Year 6 (377,035 ) (269,176 )
NET CURRENT ASSETS (LIABILITIES) 119,499 236,140
TOTAL ASSETS LESS CURRENT LIABILITIES 1,183,034 1,137,824
Creditors: Amounts Falling Due After More Than One Year 7 (148,633 ) (283,442 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (263,855 ) (222,947 )
NET ASSETS 770,546 631,435
CAPITAL AND RESERVES
Called up share capital 10 60 60
Profit and Loss Account 770,486 631,375
SHAREHOLDERS' FUNDS 770,546 631,435
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
R H Tipping
Director
20 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alphagen Renewables Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07733334 . The registered office is 31 Chase Park Road, Yardley Hastings, Northampton, NN7 1HD.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 1,170,703 14,768 3,674 1,189,145
Additions 250,289 23,288 - 273,577
As at 31 January 2025 1,420,992 38,056 3,674 1,462,722
Depreciation
As at 1 February 2024 276,731 8,062 2,668 287,461
Provided during the period 107,126 3,865 735 111,726
As at 31 January 2025 383,857 11,927 3,403 399,187
Net Book Value
As at 31 January 2025 1,037,135 26,129 271 1,063,535
As at 1 February 2024 893,972 6,706 1,006 901,684
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5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 263,998 185,027
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 105,880 105,880
Bank loans and overdrafts 28,829 28,829
Other taxes and social security 3,325 2,046
VAT 304 27,028
Employers pension liability 569 294
Accruals and deferred income 226,641 99,425
Directors' loan accounts 396 1,446
Amounts owed to associates 11,091 4,228
377,035 269,176
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 129,414 235,394
Bank loans 19,219 48,048
148,633 283,442
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 235,294 341,274
Bank loans and overdrafts 48,048 56,000
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 105,880 105,880
Later than one year and not later than five years 129,414 235,394
235,294 341,274
235,294 341,274
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 60 60
11. Related Party Transactions
During the year sales totalling £63,240 (2024 - £117,541) were made to an entity over which the company has significant influence.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr R H Tipping by virtue of his ownership of 58% of the issued share capital in the company.
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