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REGISTERED NUMBER: SC663873 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

1314 Renewables Limited

1314 Renewables Limited (Registered number: SC663873)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1314 Renewables Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J Thomson
J S King





REGISTERED OFFICE: 32 Park Drive
Bannockburn
Stirlingshire
FK7 0EH





REGISTERED NUMBER: SC663873 (Scotland)





ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ

1314 Renewables Limited (Registered number: SC663873)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,967 50,635

CURRENT ASSETS
Stocks 12,179 18,611
Debtors 5 320,015 149,037
Cash at bank 190,351 174,452
522,545 342,100
CREDITORS
Amounts falling due within one year 6 212,083 116,164
NET CURRENT ASSETS 310,462 225,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,429

276,571

CREDITORS
Amounts falling due after more than one
year

7

(41,553

)

(32,267

)

PROVISIONS FOR LIABILITIES 8 (20,492 ) (9,621 )
NET ASSETS 330,384 234,683

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 330,284 234,583
SHAREHOLDERS' FUNDS 330,384 234,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

1314 Renewables Limited (Registered number: SC663873)

Balance Sheet - continued
30 June 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 29 March 2024 and were signed on its behalf by:




J S King - Director



J Thomson - Director


1314 Renewables Limited (Registered number: SC663873)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

1314 Renewables 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2022 - 4 ) .

1314 Renewables Limited (Registered number: SC663873)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 2,539 150 66,658 2,617 71,964
Additions - - 51,115 3,391 54,506
At 30 June 2023 2,539 150 117,773 6,008 126,470
DEPRECIATION
At 1 July 2022 175 58 19,586 1,510 21,329
Charge for year 507 37 21,076 1,554 23,174
At 30 June 2023 682 95 40,662 3,064 44,503
NET BOOK VALUE
At 30 June 2023 1,857 55 77,111 2,944 81,967
At 30 June 2022 2,364 92 47,072 1,107 50,635

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 66,658
Additions 51,115
At 30 June 2023 117,773
DEPRECIATION
At 1 July 2022 19,586
Charge for year 21,076
At 30 June 2023 40,662
NET BOOK VALUE
At 30 June 2023 77,111
At 30 June 2022 47,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 283,540 112,378
Other debtors 36,475 36,659
320,015 149,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 23,215 13,214
Trade creditors 143,821 41,797
Taxation and social security 27,618 43,725
Other creditors 17,429 17,428
212,083 116,164

1314 Renewables Limited (Registered number: SC663873)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 41,553 32,267

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 20,492 9,621

Deferred
tax
£   
Balance at 1 July 2022 9,621
Accelerated capital allowances 10,871
Balance at 30 June 2023 20,492

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2022 234,583
Profit for the year 95,701
At 30 June 2023 330,284

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.