Registered number
06092327
RENEWABLE POWER CONSULTING LTD
Filleted Accounts
28 February 2023
RENEWABLE POWER CONSULTING LTD
Registered number: 06092327
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,466 36,545
Investments 4 1,634,224 1,557,632
1,662,690 1,594,177
Current assets
Debtors 5 195,030 147,908
Cash at bank and in hand 123,243 125,480
318,273 273,388
Creditors: amounts falling due within one year 6 (8,879) (1,800)
Net current assets 309,394 271,588
Total assets less current liabilities 1,972,084 1,865,765
Creditors: amounts falling due after more than one year 7 (16,251) (21,250)
Provisions for liabilities
Deferred tax (5,408) (6,944)
Net assets 1,950,425 1,837,571
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 1,513,222 1,436,630
Profit and loss account 437,103 400,841
Shareholders' funds 1,950,425 1,837,571
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Jonathan Mark Bensted
Director
Approved by the board on 20 October 2023
RENEWABLE POWER CONSULTING LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicle 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 18,481 50,990 69,471
Additions 1,409 - 1,409
At 28 February 2023 19,890 50,990 70,880
Depreciation
At 1 March 2022 10,617 22,309 32,926
Charge for the year 2,318 7,170 9,488
At 28 February 2023 12,935 29,479 42,414
Net book value
At 28 February 2023 6,955 21,511 28,466
At 28 February 2022 7,864 28,681 36,545
4 Investments
Investments in Other
associates investments Total
£ £ £
Cost
At 1 March 2022 1,436,632 121,000 1,557,632
Revaluation 76,592 - 76,592
At 28 February 2023 1,513,224 121,000 1,634,224
5 Debtors 2023 2022
£ £
Other debtors 195,030 147,908
6 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals and deferred income 1,800 1,800
Directors current account 7,079 -
8,879 1,800
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,251 21,250
8 Revaluation reserve 2023 2022
£ £
At 1 March 2022 1,436,630 1,416,824
Gain on revaluation of investments 76,592 19,806
At 28 February 2023 1,513,222 1,436,630
9 Related party transactions
Loans to related parties
Entities with significant influence or key management personnel
2023 2022
£ £
Brought forward 90,600
For the year 77,784 90,600
Repaid - -
Carry forward 168,384 90,600
Loans were provided to entities by the company with significant influence or key management personnel. Loan amounts were equivalent, with no interest being charged and no fixed terms of repayment
Income from the related parties
The company rendered services to Dragon Hydro Limted of £7,686.29 (2022 - £6,729.48), a company with common director or significant influence. At the year end, £0 (2022 - £0) was payable.
10 Other information
RENEWABLE POWER CONSULTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Dane Close
Winsley
Bradford-On-Avon
BA15 2NA
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