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Registration number: 11203800

Green Power Solutions Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Green Power Solutions Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Green Power Solutions Limited

Company Information

Directors | S Taylor A Shaw I A MacKenzie

Registered office | Pool Innovation Centre Trevenson Road Pool Redruth Cornwall TR15 3PL

Green Power Solutions Limited

(Registration number: 11203800)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | (As restated) 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 2,481 | 34,936
Tangible assets | 5 | 8,870 | 10,037
|  | 11,351 | 44,973
Current assets |  |  |
Debtors | 6 | 9,034 | 9,583
Cash at bank and in hand |  | 34,177 | 120,034
|  | 43,211 | 129,617
Creditors: Amounts falling due within one year | 7 | (17,701) | (41,557)
Net current assets |  | 25,510 | 88,060
Total assets less current liabilities |  | 36,861 | 133,033
Creditors: Amounts falling due after more than one year | 7 | - | (7,639)
Provisions for liabilities |  | (2,157) | (8,545)
Net assets |  | 34,704 | 116,849
Capital and reserves |  |  |
Called up share capital | 8 | 137 | 133
Share premium reserve |  | 398,922 | 298,926
Retained earnings |  | (364,355) | (182,210)
Shareholders' funds |  | 34,704 | 116,849

Green Power Solutions Limited

(Registration number: 11203800)
Balance Sheet as at 31 January 2026

For the financial year ending 31 January 2026 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 11 March 2026 and signed on its behalf by:

......................................... S Taylor Director
......................................... A Shaw Director

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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:
Pool Innovation Centre
Trevenson Road
Pool
Redruth
Cornwall
TR15 3PL

These financial statements were authorised for issue by the Board on 11 March 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 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 directors acknowledge the company’s lean net current asset and net asset position at the balance sheet date and the loss for the year. This result is not unexpected and reflects the developing stage of the company where cost investment has been high and in advance of sales being realised.
The directors continue to prepare the accounts on the going concern basis however as there is confidence that sales activity will significantly increase and / or further investment will be found, as necessary.

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Prior period errors

Last year, the A Preference shares were presented as non-equity shares and included in the accounts as debt instruments.
Having further reviewed the terms connected to the A Preference shares, it has been deemed that these shares are more accurately reflected as equity rather than non-equity shares and so have been presented as equity shares within shareholders' funds in the accounts. The comparatives for the year ending 31/1/25 have also been adjusted to reflect this reclassification. Interest charged on preference shares in the year ending 31/1/25 has also been reversed as there is not deemed to be a current obligation to pay this amount. Further information on the terms attached to the A Preference shares is disclosed in note 8 to the accounts.
The impact of this restatement has been to decrease the loss for the year ending 31/1/25 by £7,292. In addition, net assets and shareholders' funds at 31/1/25 have increased by £182,292.

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.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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
Office equipment | 20% straight line

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:

Asset class | Amortisation method and rate
Website | 20% straight line

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 3).

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Intangible assets

| Website £ | Total £
Cost or valuation
At 1 February 2025 | 49,328 | 49,328
Additions acquired separately | 2,766 | 2,766
Disposals | (49,328) | (49,328)
At 31 January 2026 | 2,766 | 2,766
Amortisation
At 1 February 2025 | 14,392 | 14,392
Amortisation charge | 285 | 285
Amortisation eliminated on disposals | (14,392) | (14,392)
At 31 January 2026 | 285 | 285
Carrying amount
At 31 January 2026 | 2,481 | 2,481
At 31 January 2025 | 34,936 | 34,936

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 February 2025 | 13,244 | 13,244
Additions | 1,044 | 1,044
At 31 January 2026 | 14,288 | 14,288
Depreciation
At 1 February 2025 | 3,207 | 3,207
Charge for the year | 2,211 | 2,211
At 31 January 2026 | 5,418 | 5,418
Carrying amount
At 31 January 2026 | 8,870 | 8,870
At 31 January 2025 | 10,037 | 10,037

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 5,930 | 62
Prepayments | 705 | 2,465
Other debtors | 2,399 | 7,056
| 9,034 | 9,583

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 11 | 7,639 | 8,437
Trade creditors |  | 2,418 | 4,117
Taxation and social security |  | 2,613 | 1,478
Accruals and deferred income |  | 3,484 | 1,780
Other creditors |  | 1,547 | 25,745
|  | 17,701 | 41,557

Creditors: amounts falling due after more than one year

| Note | 2026 £ | (As restated) 2025 £
Due after one year |  |  |
Loans and borrowings | 11 | - | 7,639

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £0.00 each | 117,852 | 118 | 113,834 | 114
A Preference shares of £0.00 each | 19,531 | 20 | 19,531 | 20
| 137,383 | 137 | 133,365 | 133

Share capital

During the year, a further 4,018 £0.001 ordinary shares were issued at a cost of £8.96 per share.
A Preference shares
A Preference shares carry anti-dilution rights and they also have priority rights, over ordinary shares, in the event of a liquidation.
The shares are redeemable, at the option of the holder, at a price of no less than the original purchase price plus a simple annual interest of 10%, accruable since issuance of the shares, on the fifth anniversary of the investment.
The A Preference shareholders otherwise are entitled to receive a distribution of assets on a pro rata basis as if the shares constituted one and the same class.
These shares therefore have both equity and non-equity features. As there is currently no indication that the company will be liquidated and/or the option to redeem the shares will be exercised, the shares have been recognised within equity.

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 £6,535 (2025 - £17,739). The company is financially committed for payments due for two electric vehicles. This financial commitment is secured on the related vehicles.

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

10 | Related party transactions

Transactions with directors

2026 | At 1 February 2025 £ | Advances to director £ | Repayments by director £ | At 31 January 2026 £
A Shaw
Amounts loaned to director | (274) | 274 | - | -
S Taylor
Amounts loaned to director | 784 | - | (1,049) | (265)

2025 | At 1 February 2024 £ | Advances to director £ | Repayments by director £ | Other payments made to company by director £ | At 31 January 2025 £
A Shaw
Amounts loaned to director | 2,813 | 88 | (2,863) | (312) | (274)
S Taylor
Amounts loaned to director | 2,687 | 147 | (1,738) | (312) | 784

Green Power Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

11 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | - | 7,639

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 7,639 | 8,437

Bank borrowings

No security has been provided on the bank loan.