1 February 2022 false No description of principal activity Taxfiler 2023.9 NI635651business:PrivateLimitedCompanyLtd2022-02-012023-01-31 NI6356512022-01-31 NI6356512022-02-012023-01-31 NI635651business:AuditExemptWithAccountantsReport2022-02-012023-01-31 NI635651business:FilletedAccounts2022-02-012023-01-31 NI6356512023-01-31 NI635651business:Director12022-02-012023-01-31 NI635651business:RegisteredOffice2022-02-012023-01-31 NI6356512022-01-31 NI635651core:WithinOneYear2023-01-31 NI635651core:WithinOneYear2022-01-31 NI635651core:AfterOneYear2023-01-31 NI635651core:AfterOneYear2022-01-31 NI635651core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 NI635651core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 NI635651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 NI635651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 NI635651core:PreviouslyStatedAmount2023-01-31 NI635651core:PreviouslyStatedAmount2022-01-31 NI635651business:SmallEntities2022-02-012023-01-31 NI635651countries:NorthernIreland2022-02-012023-01-31 NI635651core:PlantMachinery2022-02-012023-01-31 NI635651core:ComputerEquipment2022-02-012023-01-31 NI635651core:PlantMachinery2022-01-31 NI635651core:ComputerEquipment2022-01-31 NI635651core:PlantMachinery2023-01-31 NI635651core:ComputerEquipment2023-01-31 NI6356512021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. NI635651 (Northern Ireland)
Fiord Wind Ltd Unaudited accounts for the year ended 31 January 2023
Fiord Wind Ltd Unaudited accounts Contents
Page
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Fiord Wind Ltd Company Information for the year ended 31 January 2023
Director
Rosemary Scott
Company Number
NI635651 (Northern Ireland)
Registered Office
32 Lisbarnet Road Comber Down BT23 6AW Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Fiord Wind Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
239,784 
250,397 
Current assets
Cash at bank and in hand
4,748 
2,402 
Creditors: amounts falling due within one year
(96,765)
(89,243)
Net current liabilities
(92,017)
(86,841)
Total assets less current liabilities
147,767 
163,556 
Creditors: amounts falling due after more than one year
(5,222)
(40,691)
Net assets
142,545 
122,865 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
137,545 
117,865 
Shareholders' funds
142,545 
122,865 
For the year ending 31 January 2023 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 director acknowledges her 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 and authorised for issue on 15 September 2023 and were signed on its behalf by
Rosemary Scott Director Company Registration No. NI635651
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Fiord Wind Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Fiord Wind Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI635651. The registered office is 32 Lisbarnet Road , Comber, Down, BT23 6AW, Northern Ireland.
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.
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
4% Straight Line
Computer equipment
20% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
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Fiord Wind Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
303,657 
- 
303,657 
Additions
1,499 
61 
1,560 
At 31 January 2023
305,156 
61 
305,217 
Depreciation
At 1 February 2022
53,260 
- 
53,260 
Charge for the year
12,168 
5 
12,173 
At 31 January 2023
65,428 
5 
65,433 
Net book value
At 31 January 2023
239,728 
56 
239,784 
At 31 January 2022
250,397 
- 
250,397 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,191 
23,978 
VAT
1,573 
184 
Trade creditors
3,658 
3,084 
Taxes and social security
7,089 
- 
Other creditors
660 
- 
Loans from directors
56,734 
60,529 
Accruals
1,860 
1,468 
96,765 
89,243 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,222 
40,691 
7
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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