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REGISTERED NUMBER: SC383289 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Accord Energy Solutions Limited

Accord Energy Solutions Limited (Registered number: SC383289)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accord Energy Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J A Arthur
Mr P J Stockton
Mr G G Inglis
Mrs R Mackenzie
Mrs T Thomson
Mr D Holland





REGISTERED OFFICE: 58 Carden Place
Aberdeen
AB10 1UP





REGISTERED NUMBER: SC383289 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Accord Energy Solutions Limited (Registered number: SC383289)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 546,951 529,105
Investments 5 515 524
547,466 529,629

CURRENT ASSETS
Debtors 6 1,533,957 1,285,625
Cash at bank and in hand 1,957,354 1,610,599
3,491,311 2,896,224
CREDITORS
Amounts falling due within one year 7 756,792 585,119
NET CURRENT ASSETS 2,734,519 2,311,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,281,985

2,840,734

PROVISIONS FOR LIABILITIES 15,912 7,828
NET ASSETS 3,266,073 2,832,906

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 3,263,073 2,829,906
SHAREHOLDERS' FUNDS 3,266,073 2,832,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Accord Energy Solutions Limited (Registered number: SC383289)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr G G Inglis - Director


Accord Energy Solutions Limited (Registered number: SC383289)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Accord Energy Solutions 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. 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 as modified by the revaluation of certain assets.

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.
Freehold property 4% on cost
Land and buildings Leasehold 33% on cost
Computer equipment 25% on cost
Fixtures, fittings & equipment 10-25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 43 (2023 - 43 ) .

Accord Energy Solutions Limited (Registered number: SC383289)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Freehold Fixtures,fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1 September 2023 605,996 63,506 187,023 856,525
Additions 20,653 - 34,387 55,040
At 31 August 2024 626,649 63,506 221,410 911,565
DEPRECIATION
At 1 September 2023 121,199 43,818 162,403 327,420
Charge for year 25,066 3,531 8,597 37,194
At 31 August 2024 146,265 47,349 171,000 364,614
NET BOOK VALUE
At 31 August 2024 480,384 16,157 50,410 546,951
At 31 August 2023 484,797 19,688 24,620 529,105

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 September 2023 524
Revaluations (9 )
At 31 August 2024 515
NET BOOK VALUE
At 31 August 2024 515
At 31 August 2023 524

Cost or valuation at 31 August 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2021 10
Valuation in 2022 39
Valuation in 2023 (52 )
Valuation in 2024 (9 )
Cost 527
515

Accord Energy Solutions Limited (Registered number: SC383289)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Accord Energy Solutions Australia PTY Ltd
Registered office: Level 3, 88 William Street, Perth, WA 6000
Nature of business: Oil and gas
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 163,616 156,244
Profit for the year 11,703 28,582

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,483,044 1,204,344
Other debtors 50,913 81,281
1,533,957 1,285,625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 144,271 153,687
Taxation and social security 497,535 372,286
Other creditors 114,986 59,146
756,792 585,119

8. RELATED PARTY DISCLOSURES

Included within other debtors is a loan of £9,977 (£18,570 - 2023) due from Accord Energy Solutions Limited Australia Pty, a subsidiary fully owned by Accord Energy Solutions Ltd.

9. ULTIMATE CONTROLLING PARTY

The company believes that there are no registrable person or relevant legal entity that has ultimate control.