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REGISTERED NUMBER: SC664738 (Scotland)




















Renewable Clean Heat Ltd

Unaudited Financial Statements

for the Period 1 July 2022 to 31 March 2023






Renewable Clean Heat Ltd (Registered number: SC664738)






Contents of the Financial Statements
for the Period 1 July 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Renewable Clean Heat Ltd

Company Information
for the Period 1 July 2022 to 31 March 2023







DIRECTORS: Mr J W Kirkham
Mr J Taggerty



REGISTERED OFFICE: 32 Beechwood Drive
Glenrothes
Fife
KY7 6GE



REGISTERED NUMBER: SC664738 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Starling Bank
7th Floor
Norfolk House
31 St James's Square
London
SW1Y 4JR

Renewable Clean Heat Ltd (Registered number: SC664738)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,350

CURRENT ASSETS
Debtors 5 43,750 72,477
Cash at bank 15,174 53,189
58,924 125,666
CREDITORS
Amounts falling due within one year 6 28,452 29,421
NET CURRENT ASSETS 30,472 96,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,472

105,595

PROVISIONS FOR LIABILITIES - 1,777
NET ASSETS 30,472 103,818

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,372 103,718
SHAREHOLDERS' FUNDS 30,472 103,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Renewable Clean Heat Ltd (Registered number: SC664738)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:




Mr J Taggerty - Director



Mr J W Kirkham - Director


Renewable Clean Heat Ltd (Registered number: SC664738)

Notes to the Financial Statements
for the Period 1 July 2022 to 31 March 2023

1. STATUTORY INFORMATION

Renewable Clean Heat Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The company has ceased trading and therefore the accounts have been prepared on a break-up basis.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods, excluding value added tax, is recognised at the point when the services are supplied to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Renewable Clean Heat Ltd (Registered number: SC664738)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 18,700
Disposals (18,700 )
At 31 March 2023 -
DEPRECIATION
At 1 July 2022 9,350
Eliminated on disposal (9,350 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 30 June 2022 9,350

Renewable Clean Heat Ltd (Registered number: SC664738)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,669 65,710
Other debtors 14,081 6,767
43,750 72,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,719 26,330
Other creditors 24,733 3,091
28,452 29,421

The director's current account is unsecured, interest free and has no fixed repayment period.