2023-04-012024-03-312024-03-31falseSC232400RENEWABLE ENERGY DEVELOPMENT GROUP LTD2024-11-20iso4217:GBPxbrli:pureSC2324002023-04-01SC2324002024-03-31SC2324002023-04-012024-03-31SC2324002022-04-01SC2324002023-03-31SC2324002022-04-012023-03-31SC232400bus:SmallEntities2023-04-012024-03-31SC232400bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC232400bus:FullAccounts2023-04-012024-03-31SC232400bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC232400core:WithinOneYear2024-03-31SC232400core:AfterOneYear2024-03-31SC232400core:WithinOneYear2023-03-31SC232400core:AfterOneYear2023-03-31SC232400core:ShareCapital2024-03-31SC232400core:SharePremium2024-03-31SC232400core:RevaluationReserve2024-03-31SC232400core:OtherReservesSubtotal2024-03-31SC232400core:RetainedEarningsAccumulatedLosses2024-03-31SC232400core:ShareCapital2023-03-31SC232400core:SharePremium2023-03-31SC232400core:RevaluationReserve2023-03-31SC232400core:OtherReservesSubtotal2023-03-31SC232400core:RetainedEarningsAccumulatedLosses2023-03-31SC232400core:LandBuildings2024-03-31SC232400core:PlantMachinery2024-03-31SC232400core:Vehicles2024-03-31SC232400core:FurnitureFittings2024-03-31SC232400core:OfficeEquipment2024-03-31SC232400core:NetGoodwill2024-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2024-03-31SC232400core:ListedExchangeTraded2024-03-31SC232400core:UnlistedNon-exchangeTraded2024-03-31SC232400core:LandBuildings2023-03-31SC232400core:PlantMachinery2023-03-31SC232400core:Vehicles2023-03-31SC232400core:FurnitureFittings2023-03-31SC232400core:OfficeEquipment2023-03-31SC232400core:NetGoodwill2023-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2023-03-31SC232400core:ListedExchangeTraded2023-03-31SC232400core:UnlistedNon-exchangeTraded2023-03-31SC232400core:LandBuildings2023-04-012024-03-31SC232400core:PlantMachinery2023-04-012024-03-31SC232400core:Vehicles2023-04-012024-03-31SC232400core:FurnitureFittings2023-04-012024-03-31SC232400core:OfficeEquipment2023-04-012024-03-31SC232400core:NetGoodwill2023-04-012024-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC232400core:ListedExchangeTraded2023-04-012024-03-31SC232400core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC232400core:MoreThanFiveYears2023-04-012024-03-31SC232400core:Non-currentFinancialInstruments2024-03-31SC232400core:Non-currentFinancialInstruments2023-03-31SC232400dpl:CostSales2023-04-012024-03-31SC232400dpl:DistributionCosts2023-04-012024-03-31SC232400core:LandBuildings2023-04-012024-03-31SC232400core:PlantMachinery2023-04-012024-03-31SC232400core:Vehicles2023-04-012024-03-31SC232400core:FurnitureFittings2023-04-012024-03-31SC232400core:OfficeEquipment2023-04-012024-03-31SC232400dpl:AdministrativeExpenses2023-04-012024-03-31SC232400core:NetGoodwill2023-04-012024-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC232400dpl:GroupUndertakings2023-04-012024-03-31SC232400dpl:ParticipatingInterests2023-04-012024-03-31SC232400dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-31SC232400core:ListedExchangeTraded2023-04-012024-03-31SC232400dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-31SC232400core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC232400dpl:CostSales2022-04-012023-03-31SC232400dpl:DistributionCosts2022-04-012023-03-31SC232400core:LandBuildings2022-04-012023-03-31SC232400core:PlantMachinery2022-04-012023-03-31SC232400core:Vehicles2022-04-012023-03-31SC232400core:FurnitureFittings2022-04-012023-03-31SC232400core:OfficeEquipment2022-04-012023-03-31SC232400dpl:AdministrativeExpenses2022-04-012023-03-31SC232400core:NetGoodwill2022-04-012023-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC232400dpl:GroupUndertakings2022-04-012023-03-31SC232400dpl:ParticipatingInterests2022-04-012023-03-31SC232400dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC232400core:ListedExchangeTraded2022-04-012023-03-31SC232400dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC232400core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC232400core:NetGoodwill2024-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2024-03-31SC232400core:LandBuildings2024-03-31SC232400core:PlantMachinery2024-03-31SC232400core:Vehicles2024-03-31SC232400core:FurnitureFittings2024-03-31SC232400core:OfficeEquipment2024-03-31SC232400core:AfterOneYear2024-03-31SC232400core:WithinOneYear2024-03-31SC232400core:ListedExchangeTraded2024-03-31SC232400core:UnlistedNon-exchangeTraded2024-03-31SC232400core:ShareCapital2024-03-31SC232400core:SharePremium2024-03-31SC232400core:RevaluationReserve2024-03-31SC232400core:OtherReservesSubtotal2024-03-31SC232400core:RetainedEarningsAccumulatedLosses2024-03-31SC232400core:NetGoodwill2023-03-31SC232400core:IntangibleAssetsOtherThanGoodwill2023-03-31SC232400core:LandBuildings2023-03-31SC232400core:PlantMachinery2023-03-31SC232400core:Vehicles2023-03-31SC232400core:FurnitureFittings2023-03-31SC232400core:OfficeEquipment2023-03-31SC232400core:AfterOneYear2023-03-31SC232400core:WithinOneYear2023-03-31SC232400core:ListedExchange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RENEWABLE ENERGY DEVELOPMENT GROUP LTD

Registered Number
SC232400
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

RENEWABLE ENERGY DEVELOPMENT GROUP LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

David Taylor
Dr Fiona Taylor
Richard Taylor
Emma Isokivi
Alasdair Reynolds

Company Secretary

BELL INGRAM LLP

Registered Address

Durn
Isla Road
Perth
PH2 7HF

Registered Number

SC232400 (Scotland)
RENEWABLE ENERGY DEVELOPMENT GROUP LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3205274
Tangible assets42,2633,016
Investments5150,000-
152,4683,290
Current assets
Debtors276,114843,450
Cash at bank and on hand1,764,2051,191,445
2,040,3192,034,895
Creditors amounts falling due within one year6(410,891)(524,831)
Net current assets (liabilities)1,629,4281,510,064
Total assets less current liabilities1,781,8961,513,354
Provisions for liabilities7(617)(625)
Net assets1,781,2791,512,729
Capital and reserves
Called up share capital10,00010,000
Profit and loss account1,771,2791,502,729
Shareholders' funds1,781,2791,512,729
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
Alasdair Reynolds
Director
Dr Fiona Taylor
Director

Registered Company No. SC232400
RENEWABLE ENERGY DEVELOPMENT GROUP LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all intangible fixed assets as follows - 25% reducing balance.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 23865865
At 31 March 24865865
Amortisation and impairment
At 01 April 23591591
Charge for year6969
At 31 March 24660660
Net book value
At 31 March 24205205
At 31 March 23274274
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 2324,86724,867
At 31 March 2424,86724,867
Depreciation and impairment
At 01 April 2321,85121,851
Charge for year753753
At 31 March 2422,60422,604
Net book value
At 31 March 242,2632,263
At 31 March 233,0163,016
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions150,000150,000
At 31 March 24150,000150,000
Net book value
At 31 March 24150,000150,000
At 31 March 23--

Notes

1Other investments other than loans
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security409,533523,510
Accrued liabilities and deferred income1,3581,321
Total410,891524,831
7.Provisions for liabilities

2024

2023

££
Other provisions617625
Total617625