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REGISTERED NUMBER: 08271085 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

ARSCOTT POWER LIMITED

ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 250,944 272,567
250,944 272,567

CURRENT ASSETS
Debtors 7 366,496 317,889

CREDITORS
Amounts falling due within one year 8 265,622 252,690
NET CURRENT ASSETS 100,874 65,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,818

337,766

CREDITORS
Amounts falling due after more than one
year

9

(69,167

)

(69,167

)

PROVISIONS FOR LIABILITIES 11 (35,728 ) (39,000 )
NET ASSETS 246,923 229,599

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 246,922 229,598
SHAREHOLDERS' FUNDS 246,923 229,599

ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

BALANCE SHEET - continued
30 SEPTEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





Mr N P May - Director


ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. STATUTORY INFORMATION

Arscott Power Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08271085

Registered office: Ratherton House
Ratherton Farm
HOLSWORTHY
Devon
EX22 6NB

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

The director has reviewed the policy and agreed that with effect from 1 June 2015 the remaining balance of goodwill is to be written off over a period of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 5% on cost
Fixtures and fittings - 33% on a straight line basis
Equipment - 33% on a straight line basis

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2021
and 30 September 2022 50,000
AMORTISATION
At 1 October 2021
and 30 September 2022 50,000
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 -

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Equipment Totals
£    £    £    £    £   
COST
At 1 October 2021
and 30 September 2022 3,000 417,191 500 1,533 422,224
DEPRECIATION
At 1 October 2021 1,250 146,987 500 920 149,657
Charge for year 150 20,860 - 613 21,623
At 30 September 2022 1,400 167,847 500 1,533 171,280
NET BOOK VALUE
At 30 September 2022 1,600 249,344 - - 250,944
At 30 September 2021 1,750 270,204 - 613 272,567

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 29,996 496
Amounts owed by group undertakings 317,087 278,607
Other debtors 12,333 27,386
Prepayments and accrued income 7,080 11,400
366,496 317,889

ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 11,926 10,017
Trade creditors 9,847 15,981
Amounts owed to group undertakings 131,847 122,582
Corporation tax 28,135 20,512
VAT 32,970 35,102
Other creditors 48,497 48,496
Accrued expenses 2,400 -
265,622 252,690

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 40,000 40,000
Bank loans - 2-5 years 29,167 29,167
69,167 69,167

10. SECURED DEBTS

A debenture incorporating a first legal charge over leasehold land held personally by the director at Ratherton Farm exists at the year end.

A first fixed charge over all of its present and future rights, titles and interest in all securities and related rights such as dividends and other distributions payable and all other assets exercisable by virtue of the ownership of the securities of the company.

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 35,728 39,000

Deferred
tax
£   
Balance at 1 October 2021 39,000
Provided during year (3,272 )
Balance at 30 September 2022 35,728

ARSCOTT POWER LIMITED (REGISTERED NUMBER: 08271085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary 1 1 1

13. RESERVES
Retained
earnings
£   

At 1 October 2021 229,598
Profit for the year 17,324
At 30 September 2022 246,922