Registered number
NI684945
FM Wind Ltd
Report and Unaudited Accounts
31 December 2023
FM Wind Ltd
Company Information
Directors
Adrian Martin
Eamonn Martin
Jurgen Fuhrlaender
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Registered office
141 Camlough Road
Carrickmore
Co. Tyrone
BT79 9BS
Registered number
NI684945
FM Wind Ltd
Registered number: NI684945
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 1,181 1,000
Creditors: amounts falling due within one year 4 (953) -
Net current assets 228 1,000
Net assets 228 1,000
Capital and reserves
Called up, issued, unpaid share capital 1,000 1,000
Profit and loss account (772) -
Shareholders' funds 8 228 1,000
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 8 form an integral part of the accounts.
Adrian Martin Eamonn Martin
Director Director
Approved by the board on 13 September 2024 Approved by the board on 13 September 2024
FM Wind Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£)
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Deferred tax asset 181 -
Other debtors 1,000 1,000
1,181 1,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 640 -
Other creditors 313 -
953 -
5 Provision for liabilities
Deferred Taxation
£
At 1 January 2023 -
Charged to the profit and loss (181)
At 31 December 2023 (181)
The provision for deferred taxation is made up as follows:
2023 2022
£ £
Accelerated capital allowances 181 -
181 -
6 Related party transactions
At the balance sheet date the company had the following balances with related parties:
2023 2022
£ £
MPG Wind Ltd (13) -
(13) -
Messrs Eamonn and Adrian Martin are directors and persons with significant control in the above company.

At the balance sheet date the above balance has been reflected creditors.

The balance is interest free and repayable on demand.
7 Directors' advances, credits and guarantees
During the year there were no transactions with the directors. The balance owed to the directors was nil.
8 Statement of changes in equity
Shareholders funds represents cumulative profits or losses, net of dividends paid and deferred tax adjustments.
9 Other information
FM Wind Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
141 Camlough Road
Carrickmore
Co. Tyrone
BT79 9BS
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