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REGISTERED NUMBER: 08544634 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 MAY 2024

FOR

CELTIC GREEN ENERGY LTD

CELTIC GREEN ENERGY LTD (REGISTERED NUMBER: 08544634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CELTIC GREEN ENERGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 MAY 2024







DIRECTOR: J W B Jenkins





SECRETARY:





REGISTERED OFFICE: Unit 13 Church Road Industrial Estate
Gorslas
Llanelli
Carmarthenshire
SA14 7NN





REGISTERED NUMBER: 08544634 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

CELTIC GREEN ENERGY LTD (REGISTERED NUMBER: 08544634)

BALANCE SHEET
28 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,234 42,662

CURRENT ASSETS
Debtors 5 231,028 192,344
Cash at bank 7,103 62,986
238,131 255,330
CREDITORS
Amounts falling due within one year 6 253,556 68,976
NET CURRENT (LIABILITIES)/ASSETS (15,425 ) 186,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,809

229,016

CREDITORS
Amounts falling due after more than one
year

7

54,999

94,999
NET (LIABILITIES)/ASSETS (23,190 ) 134,017

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (23,290 ) 133,917
(23,190 ) 134,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CELTIC GREEN ENERGY LTD (REGISTERED NUMBER: 08544634)

BALANCE SHEET - continued
28 MAY 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 director and authorised for issue on 27 February 2025 and were signed by:





J W B Jenkins - Director


CELTIC GREEN ENERGY LTD (REGISTERED NUMBER: 08544634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MAY 2024

1. STATUTORY INFORMATION

Celtic Green Energy Ltd is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 4 ) .

CELTIC GREEN ENERGY LTD (REGISTERED NUMBER: 08544634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 29 May 2023 4,673 53,144 57,817
Additions 1,800 18,210 20,010
At 28 May 2024 6,473 71,354 77,827
DEPRECIATION
At 29 May 2023 1,869 13,286 15,155
Charge for year 921 14,517 15,438
At 28 May 2024 2,790 27,803 30,593
NET BOOK VALUE
At 28 May 2024 3,683 43,551 47,234
At 28 May 2023 2,804 39,858 42,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,572 -
Amounts owed by group undertakings 120,346 120,346
Other debtors - (500 )
VAT 96,110 72,498
231,028 192,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 105,628 -
Amounts owed to group undertakings 40,000 -
Tax 21,359 21,359
Social security and other taxes 22,343 2,101
Directors' loan accounts 33,415 45,015
Accrued expenses 30,811 501
253,556 68,976

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 26,666 46,666
Hire purchase contracts 28,333 48,333
54,999 94,999

CELTIC GREEN ENERGY LTD (REGISTERED NUMBER: 08544634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MAY 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 26,666 46,666

9. RESERVES
Retained
earnings
£   

At 29 May 2023 133,917
Deficit for the year (157,207 )
At 28 May 2024 (23,290 )