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REGISTERED NUMBER: 09177834 (England and Wales)










ABERGWAUN COMMUNITY TURBINES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






ABERGWAUN COMMUNITY TURBINES LIMITED (REGISTERED NUMBER: 09177834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ABERGWAUN COMMUNITY TURBINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: T R E Latter
P R L Williams
R G Williams
J A Moffett





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembs
SA61 2BP





REGISTERED NUMBER: 09177834 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

ABERGWAUN COMMUNITY TURBINES LIMITED (REGISTERED NUMBER: 09177834)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 454,790 469,002

CURRENT ASSETS
Debtors 5 - 3,503
Cash at bank 52,481 10,145
52,481 13,648
CREDITORS
Amounts falling due within one year 6 41,389 18,595
NET CURRENT ASSETS/(LIABILITIES) 11,092 (4,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,882

464,055

PROVISIONS FOR LIABILITIES 81,817 83,509
NET ASSETS 384,065 380,546

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 384,063 380,544
SHAREHOLDERS' FUNDS 384,065 380,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

ABERGWAUN COMMUNITY TURBINES LIMITED (REGISTERED NUMBER: 09177834)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




T R E Latter - Director



R G Williams - Director


ABERGWAUN COMMUNITY TURBINES LIMITED (REGISTERED NUMBER: 09177834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Abergwaun Community Turbines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 2.5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2022 - 4 ) .

ABERGWAUN COMMUNITY TURBINES LIMITED (REGISTERED NUMBER: 09177834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Machinery
£   
COST
At 1 March 2022
and 28 February 2023 568,486
DEPRECIATION
At 1 March 2022 99,484
Charge for year 14,212
At 28 February 2023 113,696
NET BOOK VALUE
At 28 February 2023 454,790
At 28 February 2022 469,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,939 -
Amounts owed to group undertakings 1,500 1,500
Taxation and social security 37,336 16,586
Other creditors 614 509
41,389 18,595

ABERGWAUN COMMUNITY TURBINES LIMITED (REGISTERED NUMBER: 09177834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. RELATED PARTY DISCLOSURES

Details of related party transactions are as follows:-

Parc-y-Morfa Farms Limited Transition Community Ventures Limited
£ £

Rent 16,865 -

Loan - -

Transfer - -

Interest charge

Interest charge: 4% on the balance outstanding on a pro rata basis.

Related party disclosures for the year ended 28 February 2022

Parc-y-Morfa Farms Limited Transition Community Ventures Limited
£ £


Rent 14,724 -

Loan -

Transfer - 1,500

Interest charge 512 487

Interest charge: 4% on the balance outstanding on a pro rata basis.