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Company Registration No. 13128536 (England and Wales)
XGE RENEWABLES LIMITED Unaudited accounts for the year ended 31 December 2024
XGE RENEWABLES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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XGE RENEWABLES LIMITED Company Information for the year ended 31 December 2024
Directors
Marcus Stefani Stephen Kellar John Gallacher
Company Number
13128536 (England and Wales)
Registered Office
SWALLOWS RIDGE HOLLIES LANE WILMSLOW SK9 2BW ENGLAND
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XGE RENEWABLES LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
4
1,304,216 
1,685,616 
Current assets
Debtors
5
131,332 
110,598 
Cash at bank and in hand
16,447 
4,744 
147,779 
115,342 
Creditors: amounts falling due within one year
6
(1,628,360)
(1,775,959)
Net current liabilities
(1,480,581)
(1,660,617)
Net (liabilities)/assets
(176,364)
25,000 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(176,365)
24,999 
Shareholders' funds
(176,364)
25,000 
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Stephen Kellar Director Company Registration No. 13128536
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XGE RENEWABLES LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
XGE RENEWABLES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13128536. The registered office is SWALLOWS RIDGE, HOLLIES LANE, WILMSLOW, SK9 2BW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
1,907,000 
At 31 December 2024
1,907,000 
Depreciation
At 1 January 2024
221,384 
Charge for the year
381,400 
At 31 December 2024
602,784 
Net book value
At 31 December 2024
1,304,216 
At 31 December 2023
1,685,616 
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XGE RENEWABLES LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,098 
2,181 
Trade debtors
61,417 
101,090 
Accrued income and prepayments
3,221 
2,789 
Other debtors
64,596 
4,538 
131,332 
110,598 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
7,068 
Other creditors
1,626,821 
1,764,352 
Accruals
1,539 
4,539 
1,628,360 
1,775,959 
7
Transactions with related parties
The company was owed £136,418 from (2023: £1,115 owned to) X-Grid Energy Limited, its parent company. The company also owes £64,596 (2023: £6,528) to XG Turbine Services Limited, a company are owned by the directors of X-Grid Energy Limited.
8
Controlling party
The company is controlled by X-Grid Energy Limited and its directors.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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