OS Generation Limited 11583409 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the supply of energy generating equipment and energy contracts. Digita Accounts Production Advanced 6.30.9574.0 true false 11583409 2023-04-01 2024-03-31 11583409 2024-03-31 11583409 core:RetainedEarningsAccumulatedLosses 2024-03-31 11583409 core:ShareCapital 2024-03-31 11583409 core:CurrentFinancialInstruments 2024-03-31 11583409 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11583409 core:Non-currentFinancialInstruments 2024-03-31 11583409 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11583409 core:FurnitureFittingsToolsEquipment 2024-03-31 11583409 core:MotorVehicles 2024-03-31 11583409 core:OtherPropertyPlantEquipment 2024-03-31 11583409 bus:SmallEntities 2023-04-01 2024-03-31 11583409 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11583409 bus:FilletedAccounts 2023-04-01 2024-03-31 11583409 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11583409 bus:RegisteredOffice 2023-04-01 2024-03-31 11583409 bus:Director3 2023-04-01 2024-03-31 11583409 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11583409 core:ConstructionInProgressAssetsUnderConstruction 2023-04-01 2024-03-31 11583409 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11583409 core:MotorVehicles 2023-04-01 2024-03-31 11583409 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11583409 core:PlantMachinery 2023-04-01 2024-03-31 11583409 countries:EnglandWales 2023-04-01 2024-03-31 11583409 2023-03-31 11583409 core:FurnitureFittingsToolsEquipment 2023-03-31 11583409 core:MotorVehicles 2023-03-31 11583409 core:OtherPropertyPlantEquipment 2023-03-31 11583409 2022-04-01 2023-03-31 11583409 2023-03-31 11583409 core:RetainedEarningsAccumulatedLosses 2023-03-31 11583409 core:ShareCapital 2023-03-31 11583409 core:CurrentFinancialInstruments 2023-03-31 11583409 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11583409 core:Non-currentFinancialInstruments 2023-03-31 11583409 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11583409 core:FurnitureFittingsToolsEquipment 2023-03-31 11583409 core:MotorVehicles 2023-03-31 11583409 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11583409

OS Generation Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2024

OS Generation Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

OS Generation Limited

(Registration number: 11583409)
Balance Sheet as at 31 March 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 176,699 | 1,999,979
Current assets |  |  |
Debtors | 5 | 89,834 | 89,225
Cash at bank and in hand |  | 6,494 | 11,491
|  | 96,328 | 100,716
Creditors: Amounts falling due within one year | 6 | (1,990,151) | (183,469)
Net current liabilities |  | (1,893,823) | (82,753)
Total assets less current liabilities |  | (1,717,124) | 1,917,226
Creditors: Amounts falling due after more than one year | 6 | - | (3,196,821)
Net liabilities |  | (1,717,124) | (1,279,595)
Capital and reserves |  |  |
Called up share capital |  | 250 | 150
Retained earnings |  | (1,717,374) | (1,279,745)
Shareholders' deficit |  | (1,717,124) | (1,279,595)

OS Generation Limited

(Registration number: 11583409)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 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 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 Profit and Loss Account.

Approved and authorised by the Board on 20 January 2026 and signed on its behalf by:

.........................................

S Wright
Director

OS Generation Limited

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

1 | General information

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

The address of its registered office is:
1st Floor
Kingsway House
Kingsway
Burnley
Lancashire
BB11 1BJ
England

These financial statements were authorised for issue by the Board on 20 January 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on a break-up basis, reflecting the directors’ assessment that the company is not expected to continue as a going concern in its current form.

Going concern

Throughout the course of 2024 the directors explored various avenues in an attempt to secure the future of the business, Including a reassignment of assets for the purpose of securing additional funding. All options proved to be unsuccessful, therefore the directors acknowledge that the Company is in a challenging trading position. While they remain committed to exploring options for the business, the uncertainty surrounding its future means the financial statements have been prepared on a break-up basis rather than on a going concern basis.

Revenue recognition

Turnover 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. 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.

OS Generation Limited

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

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class | Depreciation method and rate
Plant, Property and Equipment | 10% Straight Line
Assets Under Construction | No Depreciation Charge

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. 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.

OS Generation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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 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.

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.

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 4 (2023 - 3).

OS Generation Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Assets Under Construction £ | Property, Plant and Equipment £ | Total £
Cost or valuation
At 1 April 2023 | 5,144 | 666,396 | 1,695,220 | 2,366,760
Additions | - | 8,846 | - | 8,846
Disposals | - | - | (973,921) | (973,921)
Transfers | - | (554,746) | 554,746 | -
At 31 March 2024 | 5,144 | 120,496 | 1,276,045 | 1,401,685
Depreciation
At 1 April 2023 | 1,193 | - | 365,588 | 366,781
Eliminated on disposal | - | - | (225,721) | (225,721)
Impairment | 3,951 | 92,224 | 987,751 | 1,083,926
At 31 March 2024 | 5,144 | 92,224 | 1,127,618 | 1,224,986
Carrying amount
At 31 March 2024 | - | 28,272 | 148,427 | 176,699
At 31 March 2023 | 3,951 | 666,396 | 1,329,632 | 1,999,979

5 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 70,739 | 80,650
Amounts owed by related parties |  | - | 5,942
Prepayments |  | 18,095 | 1,025
Other debtors |  | 1,000 | 1,608
|  | 89,834 | 89,225

OS Generation Limited

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

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 7 | 1,292,471 | 36,238
Trade creditors |  | 23,459 | 107,257
Amounts due to related parties |  | 601,252 | -
Social security and other taxes |  | 56,154 | 36,699
Outstanding defined contribution pension costs |  | 534 | 525
Other payables |  | 10,468 | -
Accruals |  | 5,813 | 2,750
|  | 1,990,151 | 183,469
Due after one year |  |  |
Loans and borrowings | 7 | - | 3,196,821

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £ 1,292,471 (2023 - £nil).

Current loans and borrowings

| 2024 £ | 2023 £
Other borrowings | 1,292,471 | 36,238

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 7 | - | 3,196,821

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £nil (2023: £2,691,894).

OS Generation Limited

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

7 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Other borrowings | - | 3,196,821