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Farsight Greentec LTD

Registered Number
SC328277
(Scotland)

Unaudited Financial Statements for the Year ended
31 July 2024

Farsight Greentec LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Fergusson, Emma Sarah Louise
Fergusson, Joseph

Company Secretary

Fergusson, Emma Sarah Louise

Registered Address

Tradunnock Farm
Kilkerran
Maybole
KA19 7SE

Registered Number

SC328277 (Scotland)
Farsight Greentec LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3171227
171227
Current assets
Debtors3,6154,772
Cash at bank and on hand2,4161,144
6,0315,916
Creditors amounts falling due within one year(5,999)(5,830)
Net current assets (liabilities)3286
Total assets less current liabilities203313
Net assets203313
Capital and reserves
Called up share capital130130
Profit and loss account73183
Shareholders' funds203313
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
Fergusson, Joseph
Director
Registered Company No. SC328277
Farsight Greentec LTD
Notes to the Financial Statements
for the year ended 31 July 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.
Basis of preparation
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 Section1A Small Entities and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 234,831
At 31 July 244,831
Depreciation and impairment
At 01 August 234,604
Charge for year56
At 31 July 244,660
Net book value
At 31 July 24171
At 31 July 23227