REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 November 2024 |
for |
SED Renewables Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 November 2024 |
for |
SED Renewables Ltd |
SED Renewables Ltd (Registered number: 13205361) |
Contents of the Financial Statements |
for the Year Ended 30 November 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SED Renewables Ltd |
Company Information |
for the Year Ended 30 November 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
SED Renewables Ltd (Registered number: 13205361) |
Balance Sheet |
30 November 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
SED Renewables Ltd (Registered number: 13205361) |
Notes to the Financial Statements |
for the Year Ended 30 November 2024 |
1. | STATUTORY INFORMATION |
SED Renewables Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Income is recognised when the service is provided. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
SED Renewables Ltd (Registered number: 13205361) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2024 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included within other creditors at the year end is an amount of £124 (2023: £285) due to the director S E Dolan. During the year, interest of £389 (2023: £313) was charged by the company at a rate of 2.25% (2023: 2%) whilst the account was overdrawn. |
The following advances have taken place during the year and are deemed material; |
July 2024 £10,249 |
There have been no other advances which individually were considered material and no other individual advances exceeding £10,000 to the director. |
7. | RELATED PARTY DISCLOSURES |
Included within other creditors at the year end is an amount of £19,596 (2023: £286) due to SED Electrical Limited, a company in which S E Dolan is the director. This amount has been provided unsecured, interest free and is repayable on demand. |
During the year the company incurred purchases of £29,370 (2023: £nil) payable to SED Electrical Limited. Services provided have been charged at a commercial rate and were all settled at year end. |
During the year the company incurred subcontractors fees of £4,750 (2023: £nil) payable to shareholder B Dolan. Services provided have been charged at a commercial rate. |