Registration number:
Rothienorman Flexpower Ltd
for the Period from 1 April 2022 to 31 July 2023
Rothienorman Flexpower Ltd
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Rothienorman Flexpower Ltd
(Registration number: SC691670)
Statement of Financial Position as at 31 July 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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- |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current (liabilities)/assets |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
10 |
10 |
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Shareholders' funds |
10 |
10 |
For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.
Approved and authorised by the
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Rothienorman Flexpower Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Principal activity
The principal activity of the company is the trade of the provision of management and technical services relating to the production and sale of electricity.
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 are prepared in sterling which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis.
Rothienorman Flexpower Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023 (continued)
2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than assets under construction, over their estimated useful lives.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Rothienorman Flexpower Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023 (continued)
Tangible assets |
Assets under construction |
Total |
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Cost or valuation |
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Additions |
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At 31 July 2023 |
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Depreciation |
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Carrying amount |
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At 31 July 2023 |
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Debtors |
2023 |
2022 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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- |
Share capital |
Allotted, called up and not fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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10.00 |
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10.00 |
Rothienorman Flexpower Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023 (continued)
Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
Related party transactions |
Transactions with group companies
The company has taken advantage of the exemption provided by FRS 102 s33.1A whereby disclosures need not be given of transactions entered into between two or more members of the group, provided that any subsidiary that is party to the transaction is a wholly owned subsidiary.