0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-06 Sage Accounts Production Advanced 2023 - FRS102_2023 1,570,454 668,650 78,523 747,173 823,281 901,804 xbrli:pure xbrli:shares iso4217:GBP 08770211 2023-04-06 2024-04-05 08770211 2024-04-05 08770211 2023-04-05 08770211 2022-04-06 2023-04-05 08770211 2023-04-05 08770211 2022-04-05 08770211 core:PlantMachinery 2023-04-06 2024-04-05 08770211 bus:Director1 2023-04-06 2024-04-05 08770211 bus:Director2 2023-04-06 2024-04-05 08770211 core:WithinOneYear 2024-04-05 08770211 core:WithinOneYear 2023-04-05 08770211 core:PlantMachinery 2023-04-05 08770211 core:PlantMachinery 2024-04-05 08770211 core:ShareCapital 2024-04-05 08770211 core:ShareCapital 2023-04-05 08770211 core:RetainedEarningsAccumulatedLosses 2024-04-05 08770211 core:RetainedEarningsAccumulatedLosses 2023-04-05 08770211 core:PlantMachinery 2023-04-05 08770211 bus:SmallEntities 2023-04-06 2024-04-05 08770211 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 08770211 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 08770211 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 08770211 bus:FullAccounts 2023-04-06 2024-04-05
COMPANY REGISTRATION NUMBER: 08770211
Huddlestone Renewables Limited
Filleted Unaudited Financial Statements
For the year ended
5 April 2024
Huddlestone Renewables Limited
Statement of Financial Position
5 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
823,281
901,804
Current assets
Debtors
6
132,654
81,802
Cash at bank and in hand
1,749,733
1,308,367
-------------
-------------
1,882,387
1,390,169
Creditors: amounts falling due within one year
7
171,975
104,568
-------------
-------------
Net current assets
1,710,412
1,285,601
-------------
-------------
Total assets less current liabilities
2,533,693
2,187,405
Provisions
Taxation including deferred tax
167,343
178,527
-------------
-------------
Net assets
2,366,350
2,008,878
-------------
-------------
Capital and reserves
Called up share capital
200
200
Profit and loss account
2,366,150
2,008,678
-------------
-------------
Shareholders funds
2,366,350
2,008,878
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Huddlestone Renewables Limited
Statement of Financial Position (continued)
5 April 2024
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
R C Huddlestone
Mrs H L Huddlestone
Director
Director
Company registration number: 08770211
Huddlestone Renewables Limited
Notes to the Financial Statements
Year ended 5 April 2024
1. General information
Th company is a private limited company limited by shares. The address of the registered office is Groves Farm, Howden, Goole, East Yorkshire, DN14 7EB.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. (c) Current & deferred tax Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may crystallise. (d) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (e) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 5% straight line
(f) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(g) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(h) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2022 : 2).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 6 April 2023 and 5 April 2024
1,570,454
1,570,454
-------------
-------------
Depreciation
At 6 April 2023
668,650
668,650
Charge for the year
78,523
78,523
-------------
-------------
At 5 April 2024
747,173
747,173
-------------
-------------
Carrying amount
At 5 April 2024
823,281
823,281
-------------
-------------
At 5 April 2023
901,804
901,804
-------------
-------------
6. Debtors
2024
2023
£
£
Trade debtors
42,254
Prepayments and accrued income
43,632
35,034
Other debtors
46,768
46,768
----------
--------
132,654
81,802
----------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,343
975
Accruals and deferred income
2,300
2,200
Corporation tax
131,008
88,552
Social security and other taxes
13,324
12,841
----------
----------
171,975
104,568
----------
----------