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REGISTERED NUMBER: SC700589 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Greenpower Electrical And Renewables Ltd

Greenpower Electrical And Renewables Ltd (Registered number: SC700589)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenpower Electrical And Renewables Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L J Mallin





REGISTERED OFFICE: 39 Dean Street
Galashiels
United Kingdom
TD1 1LY





REGISTERED NUMBER: SC700589 (Scotland)





ACCOUNTANTS: Neil Nisbet & Co.
c/o Neil Nisbet & Co.
Thain House
226 Queensferry Road
Edinburgh
EH4 2BP

Greenpower Electrical And Renewables Ltd (Registered number: SC700589)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,188 66,558

CURRENT ASSETS
Stocks 21,000 23,706
Debtors 5 25,410 80,932
Cash at bank 183,460 186,055
229,870 290,693
CREDITORS
Amounts falling due within one year 6 147,789 263,938
NET CURRENT ASSETS 82,081 26,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,269

93,313

CREDITORS
Amounts falling due after more than one year 7 (17,611 ) (23,514 )

PROVISIONS FOR LIABILITIES (6,100 ) (4,750 )
NET ASSETS 116,558 65,049

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 116,548 65,039
116,558 65,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Greenpower Electrical And Renewables Ltd (Registered number: SC700589)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





L J Mallin - Director


Greenpower Electrical And Renewables Ltd (Registered number: SC700589)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Greenpower Electrical And Renewables Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Greenpower Electrical And Renewables Ltd (Registered number: SC700589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 28,863 48,598 77,461
Additions 1,794 2,633 4,427
At 30 June 2024 30,657 51,231 81,888
DEPRECIATION
At 1 July 2023 560 10,343 10,903
Charge for year 601 12,196 12,797
At 30 June 2024 1,161 22,539 23,700
NET BOOK VALUE
At 30 June 2024 29,496 28,692 58,188
At 30 June 2023 28,303 38,255 66,558

Greenpower Electrical And Renewables Ltd (Registered number: SC700589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 44,478
DEPRECIATION
At 1 July 2023 9,249
Charge for year 11,120
At 30 June 2024 20,369
NET BOOK VALUE
At 30 June 2024 24,109
At 30 June 2023 35,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,655 59,429
Other debtors 13,755 21,503
25,410 80,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts and finance leases 5,862 5,862
Trade creditors 51,801 147,712
Taxation and social security 33,145 22,571
Other creditors 56,981 87,793
147,789 263,938

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts and finance leases 17,611 23,514

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,197 (2023 - £38,374) were paid to the director .

Greenpower Electrical And Renewables Ltd (Registered number: SC700589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is L J Mallin.