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REGISTERED NUMBER: SC332575 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Capital Power Clean Limited

Capital Power Clean Limited (Registered number: SC332575)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capital Power Clean Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: T Reynolds





SECRETARY: A J Reynolds





REGISTERED OFFICE: 12 Lindsay Square
Deans Industrial Estate
Livingston
West Lothian
EH54 8RL





REGISTERED NUMBER: SC332575 (Scotland)





ACCOUNTANTS: Crichton Mackie Accounting Services Ltd
66 Barntongate Drive
Edinburgh
EH4 8BY

Capital Power Clean Limited (Registered number: SC332575)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184,558 141,132

CURRENT ASSETS
Stocks 537,652 353,832
Debtors 5 466,336 276,052
Cash at bank and in hand 131,707 163,966
1,135,695 793,850
CREDITORS
Amounts falling due within one year 6 500,057 348,055
NET CURRENT ASSETS 635,638 445,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,196

586,927

CREDITORS
Amounts falling due after more than
one year

7

(78,757

)

(57,993

)

PROVISIONS FOR LIABILITIES (46,139 ) (26,815 )
NET ASSETS 695,300 502,119

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 695,200 502,019
SHAREHOLDERS' FUNDS 695,300 502,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Capital Power Clean Limited (Registered number: SC332575)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





T Reynolds - Director


Capital Power Clean Limited (Registered number: SC332575)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Capital Power Clean Limited 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Capital Power Clean Limited (Registered number: SC332575)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 - 289,249 289,249
Additions 10,486 70,404 80,890
Disposals - (12,158 ) (12,158 )
At 30 November 2023 10,486 347,495 357,981
DEPRECIATION
At 1 December 2022 - 148,117 148,117
Charge for year 1,206 35,775 36,981
Eliminated on disposal - (11,675 ) (11,675 )
At 30 November 2023 1,206 172,217 173,423
NET BOOK VALUE
At 30 November 2023 9,280 175,278 184,558
At 30 November 2022 - 141,132 141,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 424,767 212,177
Other debtors 41,569 63,875
466,336 276,052

Capital Power Clean Limited (Registered number: SC332575)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,500 -
Hire purchase contracts (see note 8)
31,466

25,230
Trade creditors 342,615 200,318
Taxation and social security 108,050 83,863
Other creditors 10,426 38,644
500,057 348,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 16,875 -
Hire purchase contracts (see note 8)
61,882

57,993
78,757 57,993

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 31,466 25,230
Between one and five years 61,882 57,993
93,348 83,223

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £522,000 (2022 - £122,906)

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 93,348 83,223

HP liabilities are secured over the assets to which they relate

Capital Power Clean Limited (Registered number: SC332575)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A loan was provided to the director during the year and at the year end £18,200 (2022 - £30,726) was outstanding, this is included in Other Debtors. Interest is charged on outstanding loans at HMRC approved rates.