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
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
Bright Green Hydrogen Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
700,826
765,185
Cash at bank and in hand
112,400
14,604
Creditors: amounts falling due within one year
(818,672)
(831,802)
Net current liabilities
(616,010)
(677,458)
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
Bright Green Hydrogen Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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.
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 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
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.
The accounts are presented in £ sterling.
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
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
At 31 March 2023
-
700,826
700,826
At 31 March 2022
-
765,185
765,185
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
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
14,485
14,517
Taxes and social security
13,570
(15)
Deferred income
740,157
827,444
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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).