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REGISTERED NUMBER: SC642055 (Scotland)












Financial Statements for the Year Ended 30 September 2024

for

RAMSAY ENERGY LTD

RAMSAY ENERGY LTD (REGISTERED NUMBER: SC642055)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAMSAY ENERGY LTD

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D J F Ramsay
S Ramsay





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC642055 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

RAMSAY ENERGY LTD (REGISTERED NUMBER: SC642055)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,252 2,431

CURRENT ASSETS
Debtors 5 541 -
Cash at bank 34,304 101,431
34,845 101,431
CREDITORS
Amounts falling due within one year 6 9,951 22,743
NET CURRENT ASSETS 24,894 78,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,146

81,119

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 27,136 81,109
SHAREHOLDERS' FUNDS 27,146 81,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




D J F Ramsay - Director


RAMSAY ENERGY LTD (REGISTERED NUMBER: SC642055)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ramsay Energy Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all material 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RAMSAY ENERGY LTD (REGISTERED NUMBER: SC642055)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 4,546
Additions 1,374
At 30 September 2024 5,920
DEPRECIATION
At 1 October 2023 2,115
Charge for year 1,553
At 30 September 2024 3,668
NET BOOK VALUE
At 30 September 2024 2,252
At 30 September 2023 2,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 541 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security (121 ) 12,225
Other creditors 10,072 10,518
9,951 22,743

7. RELATED PARTY DISCLOSURES

The company was under control of director D Ramsay and S Ramsay throughout the current and previous year.

During the year the company repaid the directors net amounts totalling £244. As at 30 September 2024 included within other creditors is a balance outstanding due to the directors of £9,108 (2023 - £9,352). No interest was paid on the funds advanced to the company.