Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-05-022024-05-022024-04-302023-05-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity89falsefalse SC694998 2023-05-01 2024-04-30 SC694998 2022-05-01 2023-04-30 SC694998 2024-04-30 SC694998 2023-04-30 SC694998 c:Director1 2023-05-01 2024-04-30 SC694998 c:Director1 2024-04-30 SC694998 c:Director2 2023-05-01 2024-04-30 SC694998 c:Director2 2024-04-30 SC694998 c:Director3 2023-05-01 2024-04-30 SC694998 c:Director3 2024-04-30 SC694998 c:Director4 2023-05-01 2024-04-30 SC694998 c:Director5 2023-05-01 2024-04-30 SC694998 c:RegisteredOffice 2023-05-01 2024-04-30 SC694998 d:PlantMachinery 2023-05-01 2024-04-30 SC694998 d:PlantMachinery 2024-04-30 SC694998 d:PlantMachinery 2023-04-30 SC694998 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC694998 d:MotorVehicles 2023-05-01 2024-04-30 SC694998 d:MotorVehicles 2024-04-30 SC694998 d:MotorVehicles 2023-04-30 SC694998 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC694998 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC694998 d:ComputerSoftware 2024-04-30 SC694998 d:ComputerSoftware 2023-04-30 SC694998 d:CurrentFinancialInstruments 2024-04-30 SC694998 d:CurrentFinancialInstruments 2023-04-30 SC694998 d:Non-currentFinancialInstruments 2024-04-30 SC694998 d:Non-currentFinancialInstruments 2023-04-30 SC694998 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC694998 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC694998 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC694998 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC694998 d:ShareCapital 2024-04-30 SC694998 d:ShareCapital 2023-04-30 SC694998 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC694998 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC694998 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 SC694998 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 SC694998 c:FRS102 2023-05-01 2024-04-30 SC694998 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC694998 c:FullAccounts 2023-05-01 2024-04-30 SC694998 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC694998 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC694998 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: SC694998














AVENTUS ENERGY LTD





UNAUDITED
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
AVENTUS ENERGY LTD
 

COMPANY INFORMATION


Directors
G J Farmer (appointed 30 April 2024)
R J MacGregor (appointed 2 May 2024)
J K MacKenzie (appointed 2 May 2024)
S D Paterson 
R I Thomas 




Registered number
SC694998



Registered office
13 Henderson Road

Inverness

IV1 1SN





 
AVENTUS ENERGY LTD
 

CONTENTS



Page
Directors' Responsibilities Statement
1
Balance Sheet
2 - 3
Notes to the Financial Statements
4 - 11


 
AVENTUS ENERGY LTD
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
AVENTUS ENERGY LTD
REGISTERED NUMBER:SC694998

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,500
4,000

Tangible assets
 5 
110,590
70,666

  
114,090
74,666

Current assets
  

Stocks
  
355,568
355,657

Debtors: amounts falling due within one year
 6 
1,349,331
3,037,261

Cash at bank and in hand
 7 
561,719
48,025

  
2,266,618
3,440,943

Creditors: amounts falling due within one year
 8 
(1,566,763)
(3,298,640)

Net current assets
  
 
 
699,855
 
 
142,303

Total assets less current liabilities
  
813,945
216,969

Creditors: amounts falling due after more than one year
 9 
(10,225)
(9,479)

Provisions for liabilities
  

Deferred tax
  
(23,776)
(13,550)

  
 
 
(23,776)
 
 
(13,550)

Net assets
  
779,944
193,940


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
779,844
193,840

  
779,944
193,940


Page 2

 
AVENTUS ENERGY LTD
REGISTERED NUMBER:SC694998

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R J MacGregor
Director

Date: 29 January 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
AVENTUS ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Aventus Energy Ltd is a private limited Company incorporated in Scotland. The registered office is 13 Henderson Road, Inverness, IV1 1SN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months from approving these financial statements.
As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
AVENTUS ENERGY LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
AVENTUS ENERGY LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
on reducing balance
Motor vehicles
-
15%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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.

Page 6

 
AVENTUS ENERGY LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average number of employees during the year was 8 (2023 - 9).

Page 7

 
AVENTUS ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Computer software

£



Cost


At 1 May 2023
5,000



At 30 April 2024

5,000



Amortisation


At 1 May 2023
1,000


Charge for the year on owned assets
500



At 30 April 2024

1,500



Net book value



At 30 April 2024
3,500



At 30 April 2023
4,000



Page 8

 
AVENTUS ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 May 2023
17,950
65,078
83,028


Additions
34,444
19,998
54,442



At 30 April 2024

52,394
85,076
137,470



Depreciation


At 1 May 2023
361
12,001
12,362


Charge for the year on owned assets
6,589
7,929
14,518



At 30 April 2024

6,950
19,930
26,880



Net book value



At 30 April 2024
45,444
65,146
110,590



At 30 April 2023
17,589
53,077
70,666


6.


Debtors

2024
2023
£
£


Trade debtors
1,316,915
3,026,160

Amounts owed by group undertakings
30,815
-

Other debtors
1,601
100

Prepayments and accrued income
-
11,001

1,349,331
3,037,261



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
561,719
48,025

561,719
48,025


Page 9

 
AVENTUS ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
-
747,034

Trade creditors
1,162,439
1,925,442

Corporation tax
206,163
45,254

Other taxation and social security
23,129
178,028

Obligations under finance lease and hire purchase contracts
8,489
13,854

Other creditors
5,283
252,795

Accruals and deferred income
161,260
136,233

1,566,763
3,298,640



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
10,225
9,479

10,225
9,479



10.


Securities

During the year, there was a floating charge over the assets of the company. This was satisfied before the year end.
Post year end, there was a new floating charge over the assets of the company.


11.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
561,719
48,025




Financial assets measured at fair value through profit or loss comprise cash at ban kand in hand.


12.


Pension commitments

The company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,767 (2023 - £5,992). Contributions of £NIL (2023 - £NIL) were payable to thefund at the balance sheet date.

Page 10

 
AVENTUS ENERGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments under non-cancellable leases of £320,355 (2023 - £1,125).


14.


Related party transactions

During the year, the company repaid a loan due to another company under the control of one of the directors. The balance at 30 April 2024 was £NIL (2023 - £250,000).


15.


Controlling party

During the reporting period, the company was controlled by S D Paterson. 
Following the sale of shares post year end, the ultimate parent undertaking is now GEG Capital Investments Limited, a company incorporated in Scotland and controlled by R J MacGregor.

Page 11