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Company Registration No. SC313667 (Scotland)
Bright Green Hydrogen Ltd Unaudited accounts for the year ended 31 March 2023
Bright Green Hydrogen Ltd Unaudited accounts Contents
Page
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Bright Green Hydrogen Ltd Company Information for the year ended 31 March 2023
Directors
David Forbes Hogg George Archibald Keith Mcdonald Barbour Karen Joy Ritchie Richard Witney
Company Number
SC313667 (Scotland)
Registered Office
Moulsdale House 24 Milton Road East Edinburgh EH15 2PP Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Bright Green Hydrogen Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
700,826 
765,185 
Current assets
Debtors
90,262 
139,740 
Cash at bank and in hand
112,400 
14,604 
202,662 
154,344 
Creditors: amounts falling due within one year
(818,672)
(831,802)
Net current liabilities
(616,010)
(677,458)
Net assets
84,816 
87,727 
Reserves
Profit and loss account
84,816 
87,727 
Members' funds
84,816 
87,727 
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 29 August 2023 and were signed on its behalf by
Karen Joy Ritchie Director Company Registration No. SC313667
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Bright Green Hydrogen Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Bright Green Hydrogen Ltd is a private company, limited by guarantee, registered in Scotland, registration number SC313667. The registered office is Moulsdale House, 24 Milton Road East , Edinburgh, EH15 2PP, Scotland.
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
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,rebates, Value Added Tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land & buildings
10% straight line
Plant & machinery
5% straight line
Fixtures & fittings
20% straight line
Computer equipment
33.33% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Presentation currency
The accounts are presented in £ sterling.
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Bright Green Hydrogen Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
161,179 
2,048,060 
2,209,239 
At 31 March 2023
161,179 
2,048,060 
2,209,239 
Depreciation
At 1 April 2022
161,179 
1,282,875 
1,444,054 
Charge for the year
- 
64,359 
64,359 
At 31 March 2023
161,179 
1,347,234 
1,508,413 
Net book value
At 31 March 2023
- 
700,826 
700,826 
At 31 March 2022
- 
765,185 
765,185 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,520 
48,488 
Amounts due from group undertakings etc.
52,764 
48,564 
Accrued income and prepayments
1,916 
1,616 
Other debtors
20,062 
41,072 
90,262 
139,740 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,462 
(12,144)
Trade creditors
14,485 
14,517 
Taxes and social security
13,570 
(15)
Accruals
46,998 
2,000 
Deferred income
740,157 
827,444 
818,672 
831,802 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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