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REGISTERED NUMBER: SC366919 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

4L ENERGY LIMITED

4L ENERGY LIMITED (REGISTERED NUMBER: SC366919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4L ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: W W Lovie
Mrs D Lovie
M W Lovie
M C Lovie





REGISTERED OFFICE: Cowbog
New Pitsligo
Fraserburgh
Aberdeenshire
AB43 6PR





REGISTERED NUMBER: SC366919 (Scotland)

4L ENERGY LIMITED (REGISTERED NUMBER: SC366919)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,318,051 3,358,008
Investments 6 - 959,062
4,318,051 4,317,070

CURRENT ASSETS
Debtors 7 322,578 197,667
Cash at bank 1,985,907 1,718,025
2,308,485 1,915,692
CREDITORS
Amounts falling due within one year 8 121,602 282,090
NET CURRENT ASSETS 2,186,883 1,633,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,504,934

5,950,672

CREDITORS
Amounts falling due after more than one
year

9

(1,828,580

)

(1,828,580

)

PROVISIONS FOR LIABILITIES (793,569 ) (769,399 )
NET ASSETS 3,882,785 3,352,693

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 3,882,285 3,352,193
SHAREHOLDERS' FUNDS 3,882,785 3,352,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

4L ENERGY LIMITED (REGISTERED NUMBER: SC366919)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2024 and were signed on its behalf by:





W W Lovie - Director


4L ENERGY LIMITED (REGISTERED NUMBER: SC366919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

4L Energy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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 Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover
Revenue from the generation and sale of electricity is recognised as the electricity is generated and transferred to the buyer. Revenue is measured as the fair value of the consideration received or receivable. excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 20 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


4L ENERGY LIMITED (REGISTERED NUMBER: SC366919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Provisions for liabilities
The Company provides for the costs of reinstating the sites on which the turbines are situated where a legal or constructive obligation exits. The present value of the estimated cost of reinstatement is included within tangible fixed assets and depreciated over the life of the site. All provisions are discounted to their present value at a rate that reflects current market assessments

Fixed asset investments
Fixed asset investments are shown at cost less provision for impairment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,685,000 3,598,312 5,283,312
Additions - 1,143,466 1,143,466
At 31 March 2024 1,685,000 4,741,778 6,426,778
DEPRECIATION
At 1 April 2023 - 1,925,304 1,925,304
Charge for year - 183,423 183,423
At 31 March 2024 - 2,108,727 2,108,727
NET BOOK VALUE
At 31 March 2024 1,685,000 2,633,051 4,318,051
At 31 March 2023 1,685,000 1,673,008 3,358,008

4L ENERGY LIMITED (REGISTERED NUMBER: SC366919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 959,062
Additions 181
Disposals (955,404 )
Impairments (19,196 )
Dividends received 15,357
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 959,062

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 51,627
Other debtors 322,578 146,040
322,578 197,667

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,689 406
Taxation and social security 106,556 275,378
Other creditors 7,357 6,306
121,602 282,090

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,828,580 1,828,580

10. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is 4L Energy Holdings Limited, a company registered in Scotland.