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REGISTERED NUMBER: SC383289 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Accord Energy Solutions Limited

Accord Energy Solutions Limited (Registered number: SC383289)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accord Energy Solutions Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr J A Arthur
Mr P J Stockton
Mr G G Inglis
Mrs R Mackenzie
Mrs T Thomson
Mr D Holland





REGISTERED OFFICE: 58 Carden Place
Aberdeen
AB10 1UP





REGISTERED NUMBER: SC383289 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Accord Energy Solutions Limited (Registered number: SC383289)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 529,105 561,356
Investments 5 524 576
529,629 561,932

CURRENT ASSETS
Debtors 6 1,285,625 1,155,277
Cash at bank and in hand 1,610,599 1,369,671
2,896,224 2,524,948
CREDITORS
Amounts falling due within one year 7 585,119 566,689
NET CURRENT ASSETS 2,311,105 1,958,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,840,734

2,520,191

PROVISIONS FOR LIABILITIES 7,828 9,313
NET ASSETS 2,832,906 2,510,878

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 2,829,906 2,507,878
SHAREHOLDERS' FUNDS 2,832,906 2,510,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Accord Energy Solutions Limited (Registered number: SC383289)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:





Mr G G Inglis - Director


Accord Energy Solutions Limited (Registered number: SC383289)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Accord Energy Solutions Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property 4% on cost
Land and buildings Leasehold 33% on cost
Computer equipment 25% on cost
Fixtures, fittings & equipment 10-25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 42 ) .

Accord Energy Solutions Limited (Registered number: SC383289)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Freehold Fixtures,fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1 September 2022 605,996 54,759 175,734 836,489
Additions - 8,747 11,289 20,036
At 31 August 2023 605,996 63,506 187,023 856,525
DEPRECIATION
At 1 September 2022 96,959 39,888 138,286 275,133
Charge for year 24,240 3,930 24,117 52,287
At 31 August 2023 121,199 43,818 162,403 327,420
NET BOOK VALUE
At 31 August 2023 484,797 19,688 24,620 529,105
At 31 August 2022 509,037 14,871 37,448 561,356

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 September 2022 576
Revaluations (52 )
At 31 August 2023 524
NET BOOK VALUE
At 31 August 2023 524
At 31 August 2022 576

Cost or valuation at 31 August 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2021 10
Valuation in 2022 39
Valuation in 2023 (52 )
Cost 527
524

Accord Energy Solutions Limited (Registered number: SC383289)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Accord Energy Solutions Australia PTY Ltd
Registered office: Level 3, 88 William Street, Perth, WA 6000
Nature of business: Oil and gas
%
Class of shares: holding
Ordinary 100.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves 156,244 146,895
Profit for the year 28,582 54,074

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,204,344 1,113,438
Other debtors 81,281 41,839
1,285,625 1,155,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 153,687 217,184
Taxation and social security 372,286 284,425
Other creditors 59,146 65,080
585,119 566,689

8. RELATED PARTY DISCLOSURES

Included within other debtors is a loan of £18,570 (£16,235 - 2022) due from Accord Energy Solutions Limited Australia Pty, a subsidiary fully owned by Accord Energy Solutions Ltd.