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Company Registration No. SC551093 (Scotland)
Energy Certificates Scotland Limited Unaudited accounts for the year ended 30 November 2023
Energy Certificates Scotland Limited Unaudited accounts Contents
Page
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Energy Certificates Scotland Limited Company Information for the year ended 30 November 2023
Director
Neil Howie
Company Number
SC551093 (Scotland)
Registered Office
2Gether House 25 Daisy Street Glasgow G42 8JN Scotland
Accountants
Prime Fiscal LLP 25 Daisy Street Glasgow G42 8JN
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Energy Certificates Scotland Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,374 
2,691 
Current assets
Cash at bank and in hand
64,742 
66,377 
Creditors: amounts falling due within one year
(38,557)
(15,203)
Net current assets
26,185 
51,174 
Total assets less current liabilities
75,559 
53,865 
Provisions for liabilities
Deferred tax
(9,381)
(511)
Net assets
66,178 
53,354 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
66,177 
53,353 
Shareholders' funds
66,178 
53,354 
For the year ending 30 November 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Neil Howie Director Company Registration No. SC551093
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Energy Certificates Scotland Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Energy Certificates Scotland Limited is a private company, limited by shares, registered in Scotland, registration number SC551093. The registered office is 2Gether House, 25 Daisy Street, Glasgow, G42 8JN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
The director reviews the cash requirements of the business on a regular basis to ensure that there are sufficient resources to meet commitments as they fall due. In addition the director introduces funds from personal sources from time to time to support business expenditure. On this basis the director has concluded that the company has sufficient resources to meet its commitments over the next year and accordingly has prepared the accounts on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
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Energy Certificates Scotland Limited Notes to the Accounts for the year ended 30 November 2023
Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities: Loans and other receivables Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses. Other financial liabilities Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at accounted for over the borrowing period by using the effective interest immaterial and the credit period is short, amortised cost is equal to the nominal value. Impairment of financial instruments A provision for impairment is established when there is objective that occurred after the initial recognition, the estimated future cash flows have been impacted.
Deferred taxation
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.
Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
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Energy Certificates Scotland Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
1,936 
- 
3,181 
5,117 
Additions
449 
44,917 
1,891 
47,257 
At 30 November 2023
2,385 
44,917 
5,072 
52,374 
Depreciation
At 1 December 2022
781 
- 
1,645 
2,426 
Charge for the year
190 
- 
384 
574 
At 30 November 2023
971 
- 
2,029 
3,000 
Net book value
At 30 November 2023
1,414 
44,917 
3,043 
49,374 
At 30 November 2022
1,155 
- 
1,536 
2,691 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,560 
2,432 
Obligations under finance leases and hire purchase contracts
23,917 
- 
Taxes and social security
- 
10,543 
Loans from directors
79 
567 
Accruals
1,001 
1,661 
38,557 
15,203 
6
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
9,381 
511 
2023 
2022 
£ 
£ 
Provision at start of year
511 
2,239 
Charged/(credited) to the profit and loss account
8,870 
(1,728)
Provision at end of year
9,381 
511 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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