Skagen Blade Technology Limited 11020819 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is servicing and maintenance of blades for wind turbines. Digita Accounts Production Advanced 6.30.9574.0 true true 11020819 2023-01-01 2023-12-31 11020819 2023-12-31 11020819 core:RetainedEarningsAccumulatedLosses 2023-12-31 11020819 core:ShareCapital 2023-12-31 11020819 core:CurrentFinancialInstruments 2023-12-31 11020819 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11020819 core:FurnitureFittingsToolsEquipment 2023-12-31 11020819 bus:SmallEntities 2023-01-01 2023-12-31 11020819 bus:Audited 2023-01-01 2023-12-31 11020819 bus:FullAccounts 2023-01-01 2023-12-31 11020819 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11020819 bus:RegisteredOffice 2023-01-01 2023-12-31 11020819 bus:Director1 2023-01-01 2023-12-31 11020819 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11020819 core:ComputerEquipment 2023-01-01 2023-12-31 11020819 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 11020819 1 2023-01-01 2023-12-31 11020819 countries:AllCountries 2023-01-01 2023-12-31 11020819 2022-12-31 11020819 core:FurnitureFittingsToolsEquipment 2022-12-31 11020819 2022-01-01 2022-12-31 11020819 2022-12-31 11020819 core:RetainedEarningsAccumulatedLosses 2022-12-31 11020819 core:ShareCapital 2022-12-31 11020819 core:CurrentFinancialInstruments 2022-12-31 11020819 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11020819 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11020819

Skagen Blade Technology Limited

Financial Statements

for the Year Ended 31 December 2023

 

Skagen Blade Technology Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 7

 

Skagen Blade Technology Limited

Company Information

Director

Mr Dennis Christian Conradsen

Registered office

C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL

Auditors

Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL

 

Skagen Blade Technology Limited

(Registration number: 11020819)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

138

414

Current assets

 

Debtors

5

29,389

28,893

Cash at bank and in hand

 

5,188

7,621

 

34,577

36,514

Creditors: Amounts falling due within one year

6

(8,044)

(7,294)

Net current assets

 

26,533

29,220

Total assets less current liabilities

 

26,671

29,634

Provisions for liabilities

(26)

(79)

Net assets

 

26,645

29,555

Capital and reserves

 

Called up share capital

7,700

7,700

Retained earnings

18,945

21,855

Shareholders' funds

 

26,645

29,555

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 30 September 2024
 

.........................................
Mr Dennis Christian Conradsen
Director

   
     
 

Skagen Blade Technology Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Skagen Blade Technology Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 September 2024 was Iain Round, BSc FCA, who signed for and on behalf of Beever and Struthers.

Key sources of estimation uncertainty

Accrued income. Accrued income is included based on costs relating to the year not invoiced at the balance sheet date.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Skagen Blade Technology Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Skagen Blade Technology Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

828

828

At 31 December 2023

828

828

Depreciation

At 1 January 2023

414

414

Charge for the year

276

276

At 31 December 2023

690

690

Carrying amount

At 31 December 2023

138

138

At 31 December 2022

414

414

 

Skagen Blade Technology Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

7

17,838

17,838

Prepayments

 

378

-

Other debtors

 

11,173

11,055

   

29,389

28,893

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Outstanding defined contribution pension costs

294

294

Accruals

7,750

7,000

8,044

7,294

7

Related party transactions

The directors are of the opinion that there are no related party transactions which are carried out outside of the normal course of business.

8

Parent and ultimate parent undertaking

The company's immediate parent is JMC 13 Holding ApS, incorporated in Denmark.
 

The ultimate controlling party is O J Conradsen.