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Company Registration No. 08950048 (England and Wales)
Somerset Renewables Limited Unaudited accounts for the year ended 31 March 2024
Somerset Renewables Limited Unaudited accounts Contents
Page
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Somerset Renewables Limited Company Information for the year ended 31 March 2024
Directors
C J Webber RC Seale
Company Number
08950048 (England and Wales)
Registered Office
32 LOWER PARK MINEHEAD SOMERSET TA24 8AY
Accountants
Computaccounting Rapid House Mart Road Minehead Somerset TA24 5BJ
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Somerset Renewables Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,240 
10,602 
Current assets
Debtors
12,288 
695 
Cash at bank and in hand
57,431 
45,378 
69,719 
46,073 
Creditors: amounts falling due within one year
(75,300)
(37,873)
Net current (liabilities)/assets
(5,581)
8,200 
Net assets
38,659 
18,802 
Capital and reserves
Called up share capital
250 
150 
Profit and loss account
38,409 
18,652 
Shareholders' funds
38,659 
18,802 
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by
RC Seale Director Company Registration No. 08950048
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Somerset Renewables Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Somerset Renewables Limited is a private company, limited by shares, registered in England and Wales, registration number 08950048. The registered office is 32 LOWER PARK, MINEHEAD, SOMERSET, TA24 8AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
10,321 
4,850 
- 
5,219 
20,390 
Additions
7,182 
28,492 
3,049 
- 
38,723 
Disposals
- 
(4,850)
- 
- 
(4,850)
At 31 March 2024
17,503 
28,492 
3,049 
5,219 
54,263 
Depreciation
At 1 April 2023
3,446 
3,724 
- 
2,618 
9,788 
Charge for the year
2,811 
475 
153 
520 
3,959 
On disposals
- 
(3,724)
- 
- 
(3,724)
At 31 March 2024
6,257 
475 
153 
3,138 
10,023 
Net book value
At 31 March 2024
11,246 
28,017 
2,896 
2,081 
44,240 
At 31 March 2023
6,875 
1,126 
- 
2,601 
10,602 
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Somerset Renewables Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,127 
4,750 
Accrued income and prepayments
3,977 
(9,175)
Other debtors
1,184 
5,120 
12,288 
695 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(6,483)
(17,235)
Trade creditors
51,434 
34,347 
Taxes and social security
29,196 
12,305 
Loans from directors
1,153 
8,081 
Accruals
- 
375 
75,300 
37,873 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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