Company registration number SC721778 (Scotland)
BANKHEAD RENEWABLE ENERGY LIMITED,
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
BANKHEAD RENEWABLE ENERGY LIMITED,
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BANKHEAD RENEWABLE ENERGY LIMITED,
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
Notes
£
£
Current assets
Work in progress
105,414
Debtors
3
100
105,514
Creditors: amounts falling due within one year
4
(105,414)
Net current assets
100
Capital and reserves
-
Called up share capital
100

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 October 2023 and are signed on its behalf by:
S SMITH
Mr S Smith
Director
Company registration number SC721778 (Scotland)
BANKHEAD RENEWABLE ENERGY LIMITED,
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information

Bankhead Renewable Energy Limited, is a private company limited by shares incorporated in Scotland. The registered office is Bankhead Recycling And Waste Management Centre, Duffshill Road, Portlethen, United Kingdom, AB12 4RX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3

Work in progress

Work in progress is valued at the lower of cost and estimated recoverable amount. Cost comprises of various planning and professional fees.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

BANKHEAD RENEWABLE ENERGY LIMITED,
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
2
3
Debtors
2023
Amounts falling due within one year:
£
Other debtors
100
4
Creditors: amounts falling due within one year
2023
£
Other creditors
105,414
2023-05-312022-02-02false10 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr Scott SmithMrs K SmithfalseSC7217782022-02-022023-05-31SC7217782023-05-31SC721778core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-31SC721778core:ShareCapital2023-05-31SC721778bus:Director12022-02-022023-05-31SC721778core:WithinOneYear2023-05-31SC721778bus:PrivateLimitedCompanyLtd2022-02-022023-05-31SC721778bus:SmallCompaniesRegimeForAccounts2022-02-022023-05-31SC721778bus:FRS1022022-02-022023-05-31SC721778bus:AuditExemptWithAccountantsReport2022-02-022023-05-31SC721778bus:Director22022-02-022023-05-31SC721778bus:FullAccounts2022-02-022023-05-31xbrli:purexbrli:sharesiso4217:GBP