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Registered number: 09208402
Cree Hydro Ltd
Financial Statements
For The Year Ended 30 June 2024
Newman Morris Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09208402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,557 35,030
27,557 35,030
CURRENT ASSETS
Debtors 5 1,104,774 541,805
Cash at bank and in hand 614,454 512,167
1,719,228 1,053,972
Creditors: Amounts Falling Due Within One Year 6 (40,719 ) (7,774 )
NET CURRENT ASSETS (LIABILITIES) 1,678,509 1,046,198
TOTAL ASSETS LESS CURRENT LIABILITIES 1,706,066 1,081,228
Creditors: Amounts Falling Due After More Than One Year 7 (625,629 ) (610,574 )
NET ASSETS 1,080,437 470,654
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 1,080,237 470,454
SHAREHOLDERS' FUNDS 1,080,437 470,654
Page 1
Page 2
For the year ending 30 June 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Wendy Campbell-Lendrum
Director
03/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cree Hydro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09208402 . The registered office is Wellington House 273-275 High Street, London Colney, St Albans, Hertfordshire, AL2 1HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% striaght line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 1,875 50,058 9,185 6,767 67,885
Additions - - - 511 511
As at 30 June 2024 1,875 50,058 9,185 7,278 68,396
Depreciation
As at 1 July 2023 938 18,021 8,350 5,546 32,855
Provided during the period 468 6,407 184 925 7,984
As at 30 June 2024 1,406 24,428 8,534 6,471 40,839
Net Book Value
As at 30 June 2024 469 25,630 651 807 27,557
As at 1 July 2023 937 32,037 835 1,221 35,030
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 180,000 180,000
Prepayments and accrued income 726,162 -
906,162 180,000
Due after more than one year
Other debtors 198,612 361,805
1,104,774 541,805
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 406 55
VAT 33,213 2,327
Accruals and deferred income 1,000 750
Directors' loan accounts 6,100 4,642
40,719 7,774
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 625,629 610,574
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4