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REGISTRAR OF COMPANIES

Registration number: SC502190

Woodside Power Limited

Unaudited Financial Statements

Year Ended 31 March 2023

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Woodside Power Limited

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Woodside Power Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Woodside Power Limited for the year ended 31 March 2023 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Woodside Power Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of Woodside Power Limited and state those matters that we have agreed to state to the Board of Directors of Woodside Power Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodside Power Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Woodside Power Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Woodside Power Limited. You consider that Woodside Power Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Woodside Power Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

3 October 2023

 

Woodside Power Limited

(Registration number: SC502190)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

 

1,038,698

1,116,081

Current assets

 

659,218

282,749

Prepayments and accrued income

 

148,235

122,736

Creditors: Amounts falling due within one year

 

(279,616)

(191,635)

Net current assets

 

527,837

213,850

Total assets less current liabilities

 

1,566,535

1,329,931

Creditors: Amounts falling due after more than one year

 

(464,955)

(626,822)

Accruals and deferred income

 

(7,705)

(8,361)

   

1,093,875

694,748

Capital and reserves

 

1,093,875

694,748

 

Woodside Power Limited

(Registration number: SC502190)
Balance Sheet as at 31 March 2023 (continued)

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Dendoldrum Farm
Inverbervie
MONTROSE
DD10 0PL

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Woodside Power Limited

(Registration number: SC502190)
Balance Sheet as at 31 March 2023 (continued)

3

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 March 2023
£

L M K Colquhoun

Loan

323

-

(323)

-

-

-

             
         

G Colquhoun

Loan

8,982

-

(8,982)

-

-

-

             
         

 

2022

At 1 April 2021
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 March 2022
£

L M K Colquhoun

Loan

323

2,000

-

(2,000)

-

323

             
         

G Colquhoun

Loan

-

38,841

(30,000)

-

141

8,982

             
         

 

Directors' advances are repayable on demand.

No interest has been charged on advances to directors.

 

Woodside Power Limited

(Registration number: SC502190)
Balance Sheet as at 31 March 2023 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:
 

.........................................
L M K Colquhoun
Director

.........................................
G Colquhoun
Director

.........................................
F Colquhoun
Director