Registered number
07997574
Hownsgill Wind Energy Limited
Filleted Accounts
31 March 2023
Hownsgill Wind Energy Limited
Registered number: 07997574
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 8,404 3,727
Cash at bank and in hand 22,411 19,600
30,815 23,327
Creditors: amounts falling due within one year 4 - (972)
Net current assets 30,815 22,355
Total assets less current liabilities 30,815 22,355
Creditors: amounts falling due after more than one year 5 (204,852) (204,852)
Net liabilities (174,037) (182,497)
Capital and reserves
Called up share capital 100 100
Profit and loss account (174,137) (182,597)
Shareholders' funds (174,037) (182,497)
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.
Andrew Warrington
Director
Approved by the board on 6 February 2024
Hownsgill Wind Energy Limited
Notes to the Accounts
for the year ended 31 March 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, excluding discounts, rebates, value added tax and other sales taxes.
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 5% on cost
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.
2 Employees and Directors 2023 2022
Number Number
Average number of persons employed by the company (including directors) - -
3 Debtors 2023 2022
£ £
Accrued Income 8,404 3,727
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 972
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 204,852 204,852
6 Other information
Hownsgill Wind Energy Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Pump House
Coton Hill
Shrewsbury
Shropshire
SY1 2DP
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