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
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
Somerset Renewables Limited
Statement of financial position
as at 31 March 2024
Tangible assets
44,240
10,602
Cash at bank and in hand
57,431
45,378
Creditors: amounts falling due within one year
(75,300)
(37,873)
Net current (liabilities)/assets
(5,581)
8,200
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
Somerset Renewables Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Somerset Renewables Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
3,977
(9,175)
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
51,434
34,347
Taxes and social security
29,196
12,305
Loans from directors
1,153
8,081
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Average number of employees
During the year the average number of employees was 2 (2023: 2).