NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
SC393203 (Scotland)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 29 February 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 15,021 11,170
Cost of sales: ( 14,239 ) ( 13,132 )
Gross profit(or loss): 782 (1,962)
Administrative expenses: ( 4,027 ) ( 3,055 )
Operating profit(or loss): (3,245) (5,017)
Profit(or loss) before tax: (3,245) (5,017)
Profit(or loss) for the financial year: (3,245) (5,017)

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 438 2,170
Cash at bank and in hand: 301 60
Total current assets: 739 2,230
Net current assets (liabilities): 739 2,230
Total assets less current liabilities: 739 2,230
Creditors: amounts falling due after more than one year: 4 ( 1,754 )
Total net assets (liabilities): (1,015) 2,230
Members' funds
Profit and loss account: (1,015) 2,230
Total members' funds: ( 1,015) 2,230

The notes form part of these financial statements

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: SINCLAIR, Catherine Hazel
Status: Director

The notes form part of these financial statements

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 1

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Debtors

2024 2023
£ £
Other debtors 438 2,170
Total 438 2,170

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 1,754
Total 1,754

COMMUNITY INTEREST ANNUAL REPORT

NEWMILL RENEWABLES COMMUNITY INTEREST COMPANY

Company Number: SC393203 (Scotland)

Year Ending: 29 February 2024

Company activities and impact

Newmill Renewables CIC continued to provide biomass heat to the village hall which has contributed to its sustainability. The supplemental heat supply to the primary school was suspended after discussion with the local authority’s energy officer due to high fuel costs.

Consultation with stakeholders

The stakeholders are the Newmill Hall Committee, Moray Council (local authority), hall users and the wider community in Newmill. We receive feedback from the Newmill Hall Committee in person and at Hall Committee meetings and continue to work closely with them.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 November 2024

And signed on behalf of the board by:
Name: Catherine Hazel, Sinclair
Status: Director