Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-01-01falseenvironmental consulting services22true 13799255 2023-01-01 2023-12-31 13799255 2021-12-14 2022-12-31 13799255 2023-12-31 13799255 2022-12-31 13799255 c:Director2 2023-01-01 2023-12-31 13799255 d:CurrentFinancialInstruments 2023-12-31 13799255 d:CurrentFinancialInstruments 2022-12-31 13799255 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13799255 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13799255 d:ShareCapital 2023-12-31 13799255 d:ShareCapital 2022-12-31 13799255 d:RetainedEarningsAccumulatedLosses 2023-12-31 13799255 d:RetainedEarningsAccumulatedLosses 2022-12-31 13799255 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13799255 c:OrdinaryShareClass1 2023-12-31 13799255 c:OrdinaryShareClass1 2022-12-31 13799255 c:FRS102 2023-01-01 2023-12-31 13799255 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13799255 c:FullAccounts 2023-01-01 2023-12-31 13799255 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13799255






ALCOM RENEWABLES UK LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
ALCOM RENEWABLES UK LIMITED
REGISTERED NUMBER: 13799255

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
100
100

Cash at bank and in hand
  
18,315
-

  
18,415
100

Creditors: amounts falling due within one year
  
(109,054)
-

Net current (liabilities)/assets
  
 
 
(90,639)
 
 
100

Total assets less current liabilities
  
(90,639)
100

  

Net (liabilities)/assets
  
(90,639)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(90,739)
-

  
(90,639)
100


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2024.



P Tiwari
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ALCOM RENEWABLES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Alcom Renewables UK Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Sustainable Ventures County Hall, Belvedere Road, London, SE1 7BP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

’The financial statements have been prepared on a going concern basis. The validity of this basis relies on the continuing support of Alcom PTE Ltd, an associated company. The director of Alcom PTE Ltd has confirmed that this support will not be withdrawn for the foreseeable future, to allow the company to meet its liabilities as they fall due. The director therefore considers its appropriate that the financial statements are prepared on a going concern basis.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
ALCOM RENEWABLES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Page 3

 
ALCOM RENEWABLES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

2023
2022
£
£

Wages and salaries
46,620
-

Cost of defined contribution scheme
1,104
-

47,724
-


The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Called up share capital not paid
100
100

100
100



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,315
-

18,315
-


Page 4

 
ALCOM RENEWABLES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,170
-

Other taxation and social security
777
-

Other creditors
105,107
-

Accruals and deferred income
2,000
-

109,054
-



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

As at 31 December 2023 the company owed £104,566 to Alcom PTE Ltd, a company in which P Tiwari, is a company director.

 
Page 5