ACT Blade Ltd Filleted Accounts Cover
ACT Blade Ltd
Company No. SC520419
Information for Filing with The Registrar
31 March 2024
ACT Blade Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was development of wind turbine blade.
Directors
The Directors who served at any time during the year were as follows:
A. Balestra
L. Isolabella
D.W. Macvicar
S. Malpede
A. Rosiello
C. Rutherford
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Rosiello
Director
20 August 2024
ACT Blade Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
SC520419
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
4,547,3574,081,273
Tangible assets
5
230946
Investments
6
8,5928,592
4,556,1794,090,811
Current assets
Debtors
7
73,48474,712
Cash at bank and in hand
1,919,0162,461,443
1,992,5002,536,155
Creditors: Amount falling due within one year
8
(79,959)
(132,856)
Net current assets
1,912,5412,403,299
Total assets less current liabilities
6,468,7206,494,110
Creditors: Amounts falling due after more than one year
9
(4,785,501)
(4,496,076)
Net assets
1,683,2191,998,034
Capital and reserves
Called up share capital
174174
Share premium account
11
2,965,2432,965,243
Profit and loss account
11
(1,282,198)
(967,383)
Total equity
1,683,2191,998,034
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 August 2024 and signed on its behalf by:
A. Rosiello
Director
20 August 2024
ACT Blade Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
ACT Blade Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC520419
Its registered office is:
14-18 Hill Street
Edinburgh
Scotland
EH2 3JZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight line
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
712
4
Intangible fixed assets
Develop-ment costs
Total
£
£
Cost
At 1 April 2023
4,083,8094,083,809
Additions
467,352467,352
At 31 March 2024
4,551,1614,551,161
Amortisation and impairment
At 1 April 2023
2,5362,536
Charge for the year
1,2681,268
At 31 March 2024
3,8043,804
Net book values
At 31 March 2024
4,547,3574,547,357
At 31 March 2023
4,081,2734,081,273
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
20,97320,973
Disposals
(360)
(360)
At 31 March 2024
20,61320,613
Depreciation
At 1 April 2023
20,02720,027
Charge for the year
716716
Disposals
(360)
(360)
At 31 March 2024
20,38320,383
Net book values
At 31 March 2024
230230
At 31 March 2023
946
946
6
Investments
Other investments
Total
£
£
Cost or valuation
At 1 April 2023
8,592
8,592
At 31 March 2024
8,592
8,592
Provisions/Impairment
Net book values
At 31 March 2024
8,592
8,592
At 31 March 2023
8,592
8,592
7
Debtors
2024
2023
£
£
VAT recoverable
10,9707,433
Other debtors
59,05663,821
Prepayments and accrued income
3,4583,458
73,48474,712
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3371,746
Trade creditors
21,33767,547
Taxes and social security
(4,097)
2,543
Other creditors
62,38261,020
79,959132,856
9
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Accruals and deferred income
4,785,5014,496,076
4,785,5014,496,076
10
Share Capital
208,380 ordinary shares at £0.001 each
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
12
Related party disclosures
Transactions with related parties
Included with Other Creditors is a loan of £60,920 (2023: £60,920) from SMAR-Azure Limited. Directors,
Dr. D W MacVicar, Dr. S M Malpede and Dr. A Rosiello are also directors of SMAR-Azure Limited. The loan is interest-free and repayable on demand.
loan is interest-free and repayable on demand.
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