GAELTEC UTILITIES UK LIMITED

Company Registration Number:
SC659125 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GAELTEC UTILITIES UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GAELTEC UTILITIES UK LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 178,387 73,885
Total fixed assets: 178,387 73,885
Current assets
Stocks: 353,370 154,842
Debtors:   4,685,594 1,902,483
Cash at bank and in hand: 207,037 617,071
Total current assets: 5,246,001 2,674,396
Creditors: amounts falling due within one year:   (4,094,127) (2,336,106)
Net current assets (liabilities): 1,151,874 338,290
Total assets less current liabilities: 1,330,261 412,175
Creditors: amounts falling due after more than one year:     (31,049)
Total net assets (liabilities): 1,330,261 381,126
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,330,161 381,026
Shareholders funds: 1,330,261 381,126

The notes form part of these financial statements

GAELTEC UTILITIES UK LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 July 2024
and signed on behalf of the board by:

Name: Alberto Martins
Status: Director

The notes form part of these financial statements

GAELTEC UTILITIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GAELTEC UTILITIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 67 50

GAELTEC UTILITIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 73,885
Additions 147,489
At 31 December 2023 221,374
Depreciation
At 01 January 2023 0
Charge for year 42,987
At 31 December 2023 42,987
Net book value
At 31 December 2023 178,387
At 31 December 2022 73,885

GAELTEC UTILITIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2022
£
Debtors due after more than one year: 31,049