Muir Wind Ltd 12197739 false 2022-10-01 2023-12-31 2023-12-31 The principal activity of the company is Other Business Support Service Activities Digita Accounts Production Advanced 6.30.9574.0 true 12197739 2022-10-01 2023-12-31 12197739 2023-12-31 12197739 core:CurrentFinancialInstruments 2023-12-31 12197739 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12197739 core:Non-currentFinancialInstruments 2023-12-31 12197739 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12197739 bus:SmallEntities 2022-10-01 2023-12-31 12197739 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-12-31 12197739 bus:FullAccounts 2022-10-01 2023-12-31 12197739 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-12-31 12197739 bus:RegisteredOffice 2022-10-01 2023-12-31 12197739 bus:Director1 2022-10-01 2023-12-31 12197739 bus:Director2 2022-10-01 2023-12-31 12197739 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 12197739 1 2022-10-01 2023-12-31 12197739 countries:AllCountries 2022-10-01 2023-12-31 12197739 2021-10-01 2022-09-30 12197739 2022-09-30 12197739 core:CurrentFinancialInstruments 2022-09-30 12197739 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 12197739 core:Non-currentFinancialInstruments 2022-09-30 12197739 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 12197739

Muir Wind Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2022 to 31 December 2023

 

Muir Wind Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Muir Wind Ltd

Company Information

Directors

C Muir

L Baker

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Muir Wind Ltd

(Registration number: 12197739)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

1,708

10,477

Cash at bank and in hand

 

3,507

34,979

 

5,215

45,456

Creditors: Amounts falling due within one year

5

(5,207)

(9,104)

Total assets less current liabilities

 

8

36,352

Creditors: Amounts falling due after more than one year

5

-

(20,852)

Net assets

 

8

15,500

Capital and reserves

 

Called up share capital

1

1

Retained earnings

7

15,499

Shareholders' funds

 

8

15,500

For the financial period ending 31 December 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 period 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 February 2024 and signed on its behalf by:
 

.........................................
C Muir
Director

 

Muir Wind Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 12197739.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

The principal place of business is:
2 Church View Gardens
Moorends
Doncaster
DN8 4DX

These financial statements were authorised for issue by the Board on 28 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The company ceased to trade on 31/12/2023.

Disclosure of long or short period

To align the entity’s reporting period with its date of cessation of trade, the entity changed the end of its reporting period from 31 October to 31 December. Amounts presented for the 2023 reporting period are for a 14-month period. Comparative figures are for a 12-month period. Consequently, comparative amounts for the profit & loss accounts, statement of comprehensive income, statement of changes in equity, related notes are not entirely comparable.

Revenue recognition

Turnover arises from the provision of wind turbine technician services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Muir Wind Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the provision of services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Other debtors

1,708

10,477

1,708

10,477

 

Muir Wind Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

-

5,776

Taxation and social security

 

-

1,858

Accruals and deferred income

 

5,207

1,470

 

5,207

9,104

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

20,852

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

5,776

Bank borrowings relate to an unsecured bounce back loan.

7

Related party transactions

Other transactions with Directors

At the year end, the Company owed the Director £3,456 (2022: £(1,233)). The amount is unsecured, interest-free and repayable on demand.