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REGISTERED NUMBER: SC517293 (Scotland)


















Financial Statements for the Year Ended 31 October 2023

for

CHADWICK ENERGY SOLUTIONS LTD

CHADWICK ENERGY SOLUTIONS LTD (REGISTERED NUMBER: SC517293)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CHADWICK ENERGY SOLUTIONS LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: D Chadwick





REGISTERED OFFICE: 13 Hope Street
Lanark
ML11 7NL





REGISTERED NUMBER: SC517293 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL

CHADWICK ENERGY SOLUTIONS LTD (REGISTERED NUMBER: SC517293)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,788 56,847

CURRENT ASSETS
Debtors 5 553,068 566,779
Cash at bank 701,160 315,336
1,254,228 882,115
CREDITORS
Amounts falling due within one year 6 205,295 178,628
NET CURRENT ASSETS 1,048,933 703,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,721

760,334

CREDITORS
Amounts falling due after more than one
year

7

(39,730

)

(48,780

)

PROVISIONS FOR LIABILITIES (9,947 ) (14,212 )
NET ASSETS 1,039,044 697,342

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,039,041 697,339
SHAREHOLDERS' FUNDS 1,039,044 697,342

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHADWICK ENERGY SOLUTIONS LTD (REGISTERED NUMBER: SC517293)

Balance Sheet - continued
31 October 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 director and authorised for issue on 13 May 2024 and were signed by:





D Chadwick - Director


CHADWICK ENERGY SOLUTIONS LTD (REGISTERED NUMBER: SC517293)

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

1. STATUTORY INFORMATION

Chadwick Energy Solutions Ltd 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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CHADWICK ENERGY SOLUTIONS LTD (REGISTERED NUMBER: SC517293)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 92,750
Disposals (12,000 )
At 31 October 2023 80,750
DEPRECIATION
At 1 November 2022 35,903
Charge for year 13,263
Eliminated on disposal (8,204 )
At 31 October 2023 40,962
NET BOOK VALUE
At 31 October 2023 39,788
At 31 October 2022 56,847

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 92,125
Disposals (12,000 )
At 31 October 2023 80,125
DEPRECIATION
At 1 November 2022 35,747
Charge for year 13,146
Eliminated on disposal (8,204 )
At 31 October 2023 40,689
NET BOOK VALUE
At 31 October 2023 39,436
At 31 October 2022 56,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,352 140,060
Other debtors 484,716 426,719
553,068 566,779

CHADWICK ENERGY SOLUTIONS LTD (REGISTERED NUMBER: SC517293)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,050 14,216
Taxation and social security 120,645 104,578
Other creditors 75,600 59,834
205,295 178,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 39,730 48,780

8. RELATED PARTY DISCLOSURES

The company has an associated company, EMC Property Investments Limited.. The company has advanced loans of £423,800 to EMC Property Investments Limited which have no fixed repayment terms. Interest is charged at the Bank of England base rate on a daily basis. During the year the company charged interest of £16,779 (2022 £692) which are included in the financial statements. The companies are associated by common control of the director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Chadwick.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Chadwick Energy Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chadwick Energy Solutions Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Chadwick Energy Solutions Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chadwick Energy Solutions Ltd and state those matters that we have agreed to state to the director of Chadwick Energy Solutions Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Chadwick Energy Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chadwick Energy Solutions Ltd. You consider that Chadwick Energy Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chadwick Energy Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL


13 May 2024