Registrar

Registration number: 09119536

Loadgen Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Loadgen Limited

Company Information

Directors

D G Campbell D J Campbell

Registered office

9 Perseverance Works Kingsland Road London E2 8DD

Bankers

Barclays Bank Plc 59 Newland Street Witham Essex CM8 2AJ

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Loadgen Limited

(Registration number: 09119536)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,590,169	1,308,087
Current assets
Debtors	5	1,000,735	806,977
Cash at bank and in hand		499,880	579,795
		1,500,615	1,386,772
Creditors: Amounts falling due within one year	6	(1,065,104)	(1,566,019)
Net current assets/(liabilities)		435,511	(179,247)
Total assets less current liabilities		2,025,680	1,128,840
Creditors: Amounts falling due after more than one year	6	(702,088)	(171,380)
Provisions for liabilities		(320,198)	(241,116)
Net assets		1,003,394	716,344
Capital and reserves
Called up share capital	8	100	100
Retained earnings		1,003,294	716,244
Shareholders' funds		1,003,394	716,344

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 and 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 Profit and Loss Account.

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:
 

D J Campbell
Director

Loadgen Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

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

The address of its registered office is: 9 Perseverance Works, Kingsland Road, London, E2 8DD.

The principal place of business is: (Old Cadman Plant Ltd Site), Moss Road, Stanway, Colchester, Essex, CO3 0LF.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Group accounts not prepared

Under the Companies Act 2006 S.399(2A) Loadgen Limited as a subsidiary entity are exempt from being consolidated with the parents financial statements as they qualify as a small group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the installation of generators in the ordinary course of the company’s activities. Turnover 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Loadgen Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

Tax

Current Tax is recognised in the profit and loss account, 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.

Deferred income tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% straight line method
Office Equipment	33% straight line method
Motor vehicles	25% & 33% reducing balance/ length of the lease (3 years)

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Loadgen Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

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 Profit and Loss Account 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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 11).

Loadgen Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Office equipment  £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 May 2024	10,899	167,258	1,450,069	1,628,226
Additions	5,992	71,988	502,911	580,891
Disposals	(592)	(63,532)	-	(64,124)
At 30 April 2025	16,299	175,714	1,952,980	2,144,993
Depreciation
At 1 May 2024	10,171	52,267	257,701	320,139
Charge for the year	991	41,285	229,355	271,631
Eliminated on disposal	(293)	(36,653)	-	(36,946)
At 30 April 2025	10,869	56,899	487,056	554,824
Carrying amount
At 30 April 2025	5,430	118,815	1,465,924	1,590,169
At 30 April 2024	728	114,991	1,192,368	1,308,087

5

Debtors

	2025 £	2024 £
Trade debtors	963,615	719,771
Other debtors	23,280	73,815
Prepayments	13,840	13,391
	1,000,735	806,977

Loadgen Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		225,527	550,345
Loans and borrowings	7	233,671	109,313
Amounts owed to group undertakings		552,886	893,932
Taxation and social security		38,917	-
Other creditors		11,503	9,279
Accruals and deferred income		2,600	3,150
		1,065,104	1,566,019

Creditors due within one year include net obligations under finance lease and hire purchase contracts which are secured of £223,671 (2024 - £99,313).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	702,088	171,380

Creditors due after more than one year include net obligations under finance lease and hire purchase contracts which are secured of £700,421 (2024 - £159,713).

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	223,671	99,313
Other borrowings	10,000	10,000
	233,671	109,313

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	700,421	159,713
Other borrowings	1,667	11,667
	702,088	171,380

Loadgen Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	100	100	100	100

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £6,081).

10	Parent undertaking

The company's immediate parent is DDGC Limited, incorporated in England and Wales.

  These financial statements are available upon request from https://find-and-update.company-information.service.gov.uk