0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,259,001 66,510 2,325,511 522,347 116,276 638,623 1,686,888 1,736,654 xbrli:pure xbrli:shares iso4217:GBP SC510681 2023-08-01 2024-07-31 SC510681 2024-07-31 SC510681 2023-07-31 SC510681 2022-08-01 2023-07-31 SC510681 2023-07-31 SC510681 2022-07-31 SC510681 core:PlantMachinery 2023-08-01 2024-07-31 SC510681 bus:Director1 2023-08-01 2024-07-31 SC510681 core:WithinOneYear 2024-07-31 SC510681 core:WithinOneYear 2023-07-31 SC510681 core:PlantMachinery 2023-07-31 SC510681 core:PlantMachinery 2024-07-31 SC510681 core:AfterOneYear 2024-07-31 SC510681 core:AfterOneYear 2023-07-31 SC510681 core:ShareCapital 2024-07-31 SC510681 core:ShareCapital 2023-07-31 SC510681 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC510681 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC510681 core:PlantMachinery 2023-07-31 SC510681 bus:SmallEntities 2023-08-01 2024-07-31 SC510681 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC510681 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC510681 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC510681 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: SC510681
Meadaple Energy Ltd
Filleted Unaudited Financial Statements
31 July 2024
Meadaple Energy Ltd
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1,686,888
1,736,654
Current assets
Debtors
5
39,505
51,798
Cash at bank and in hand
2,995
138,307
--------
---------
42,500
190,105
Creditors: amounts falling due within one year
6
2,070,472
2,089,021
------------
------------
Net current liabilities
2,027,972
1,898,916
------------
------------
Total assets less current liabilities
( 341,084)
( 162,262)
Creditors: amounts falling due after more than one year
7
10,359
17,672
---------
---------
Net liabilities
( 351,443)
( 179,934)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 351,445)
( 179,936)
---------
---------
Shareholders deficit
( 351,443)
( 179,934)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Meadaple Energy Ltd
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
Mr A W Simmers
Director
Company registration number: SC510681
Meadaple Energy Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mains of Bogfechel, Whiterashes, Aberdeen, AB21 0QU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5% straight line
4. Tangible assets
Plant and machinery
£
Cost
At 1 August 2023
2,259,001
Additions
66,510
------------
At 31 July 2024
2,325,511
------------
Depreciation
At 1 August 2023
522,347
Charge for the year
116,276
------------
At 31 July 2024
638,623
------------
Carrying amount
At 31 July 2024
1,686,888
------------
At 31 July 2023
1,736,654
------------
5. Debtors
2024
2023
£
£
Trade debtors
23,077
14,414
Prepayments and accrued income
16,416
16,331
Other debtors
12
21,053
--------
--------
39,505
51,798
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,312
7,312
Trade creditors
15,642
Amounts owed to group undertakings
1,452,511
1,454,295
Accruals and deferred income
370,339
285,603
Director loan accounts
85,859
Scotfarms Loan
240,310
240,310
------------
------------
2,070,472
2,089,021
------------
------------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,359
17,672
--------
--------