Smarter Microgrid Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05548424

		31 March 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,758		12,600

			8,758		12,600
CURRENT ASSETS
Debtors	5	245,852		260,133
Cash at bank and in hand		2,682		12,914

		248,534		273,047
Creditors: Amounts Falling Due Within One Year	6	(223,130 )		(425,273 )

NET CURRENT ASSETS (LIABILITIES)			25,404		(152,226 )

TOTAL ASSETS LESS CURRENT LIABILITIES			34,162		(139,626 )

Creditors: Amounts Falling Due After More Than One Year	7		(316,087 )		(345,593 )

NET LIABILITIES			(281,925 )		(485,219 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(281,926 )		(485,220 )

SHAREHOLDERS' FUNDS			(281,925)		(485,219)

Page 1

Page 2

Smarter Microgrid Ltd

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 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

Mr John Zamick

Director

30 April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Smarter Microgrid Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05548424 . The registered office is 3 Merietts Court Long Ashton Business Park, Yanley Lane, Bristol, BS41 9LB.

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:

Motor Vehicles	25% Reducing Balance
Computer Equipment	20% straight line

2.4. 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 4 (2023: 3)

Page 3

Page 4

Smarter Microgrid Ltd

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	10,991	4,670	15,661

As at 31 March 2025	10,991	4,670	15,661

Depreciation
As at 1 January 2024	1,832	1,229	3,061
Provided during the period	2,862	980	3,842

As at 31 March 2025	4,694	2,209	6,903

Net Book Value
As at 31 March 2025	6,297	2,461	8,758

As at 1 January 2024	9,159	3,441	12,600

5. Debtors

	31 March 2025	31 December 2023
	£	£
Due within one year
Trade debtors	-	4,560
Prepayments and accrued income	8,194	17,915

	8,194	22,475
Due after more than one year
Amounts owed by associates	237,658	237,658

	245,852	260,133

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 December 2023
	£	£
Trade creditors	500	12,227
Bank loans and overdrafts	8,306	8,306
Other taxes and social security	940	4,715
VAT	10,882	7,189
Net wages	-	7,000
Other creditors	6,502	4,312
Accruals and deferred income	196,000	381,524

	223,130	425,273

Page 4

Page 5

Smarter Microgrid Ltd

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 December 2023
	£	£
Bank loans	1,894	11,790
Other creditors	-	20,000
Directors loan account	37,067	36,677
Amounts owed to associates	277,126	277,126

	316,087	345,593

8. Share Capital

	31 March 2025	31 December 2023
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

Mr Zamick is a director and controlling shareholder of DistGen Brayton LGC Ltd. The company owed DistGen Brayton LGC Ltd at the year-end £26,800 (2023: £26,800). The company provided consultancy services to Distgen Brayton for £369 (2023: £17,398)

Mr Zamick is also a director of DistGen Faccombe LGC Ltd. The company owed DistGen Faccombe LGC Ltd at the year-end £8,497 (2023: £8,497). The company provided consultancy services to Distgen Faccombe Ltd for £67,135 (2023: £18,192)

Mr Zamick is also a director of DistGen Hinton LGC Ltd. DistGen Hinton LGC Ltd owed the company at the year-end £240,000 (2023: £240,000). The company provided consultancy services to Distgen Hinton for £48,458 (2023: £45,325)

Mr Zamick is also a director of DistGen Wanstrow LGC Ltd. DistGen Wanstrow LGC Ltd owed the company at the year-end £4,902.15 (2023: £4,902.15). The company provided consultancy services to Distgen Wanstrow for £139,859 (2023: £145,607).

Mr Zamick is also a director of DistGen Westray LGC Ltd. The company owed DistGen Westray LGC Ltd at the year-end £1,828 (2023: £1,828). The company provided consultancy services to Distgen Westray for £271,453 (2023: £233,411)

Mr Zamick is also a director of Participa Ltd. Participa Ltd owed the company at the year end £232,755 (2023: £232,755).

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr John Zamick by virtue of his ownership of 100% of the issued share capital in the company.

Page 5