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REGISTERED NUMBER: 08389985 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NORTH WALES RENEWABLES LTD

NORTH WALES RENEWABLES LTD (REGISTERED NUMBER: 08389985)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


NORTH WALES RENEWABLES LTD (REGISTERED NUMBER: 08389985)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,218 8,332

CURRENT ASSETS
Stocks 15,352 8,792
Debtors 5 161,625 13,091
Cash at bank 167,617 46,998
344,594 68,881
CREDITORS
Amounts falling due within one year 6 274,865 25,246
NET CURRENT ASSETS 69,729 43,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,947

51,967

CREDITORS
Amounts falling due after more than one
year

7

(35,648

)

(41,092

)

PROVISIONS FOR LIABILITIES (5,515 ) (1,583 )
NET ASSETS 93,784 9,292

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 93,684 9,290
SHAREHOLDERS' FUNDS 93,784 9,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

NORTH WALES RENEWABLES LTD (REGISTERED NUMBER: 08389985)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:




Miss C Evans - Director



N A Whitfield - Director


NORTH WALES RENEWABLES LTD (REGISTERED NUMBER: 08389985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

North Wales Renewables Ltd 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: 08389985

Registered office: Sunshine
Holyhead Road
Menai Bridge
Anglesey
LL59 5RH

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover presents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools and Equipment - 25% Written down value
Office equipment - 25% Written down value
Motor vehicles - 25% Written down value

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


NORTH WALES RENEWABLES LTD (REGISTERED NUMBER: 08389985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 18,590
Additions 63,782
At 31 December 2022 82,372
DEPRECIATION
At 1 January 2022 10,258
Charge for year 6,896
At 31 December 2022 17,154
NET BOOK VALUE
At 31 December 2022 65,218
At 31 December 2021 8,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 135,798 11,658
Other debtors 25,827 1,433
161,625 13,091

NORTH WALES RENEWABLES LTD (REGISTERED NUMBER: 08389985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,556 5,667
Trade creditors 48,917 9,993
Taxation and social security 26,977 1,656
Other creditors 193,415 7,930
274,865 25,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 35,648 41,092

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,981 16,570