2 2 CCS Renewable Energies Ltd 12052757 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the installation and repair of renewable energy. Digita Accounts Production Advanced 6.30.9574.0 true true 12052757 2023-07-01 2024-06-30 12052757 2024-06-30 12052757 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-06-30 12052757 core:CurrentFinancialInstruments 2024-06-30 12052757 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12052757 core:Non-currentFinancialInstruments 2024-06-30 12052757 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 12052757 core:FurnitureFittingsToolsEquipment 2024-06-30 12052757 core:MotorVehicles 2024-06-30 12052757 bus:SmallEntities 2023-07-01 2024-06-30 12052757 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12052757 bus:FilletedAccounts 2023-07-01 2024-06-30 12052757 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12052757 bus:RegisteredOffice 2023-07-01 2024-06-30 12052757 bus:Director1 2023-07-01 2024-06-30 12052757 bus:Director2 2023-07-01 2024-06-30 12052757 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-07-01 2024-06-30 12052757 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12052757 bus:Agent1 2023-07-01 2024-06-30 12052757 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 12052757 core:MotorVehicles 2023-07-01 2024-06-30 12052757 countries:England 2023-07-01 2024-06-30 12052757 2023-06-30 12052757 core:FurnitureFittingsToolsEquipment 2023-06-30 12052757 core:MotorVehicles 2023-06-30 12052757 2022-07-01 2023-06-30 12052757 2023-06-30 12052757 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-06-30 12052757 core:CurrentFinancialInstruments 2023-06-30 12052757 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12052757 core:Non-currentFinancialInstruments 2023-06-30 12052757 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 12052757 core:FurnitureFittingsToolsEquipment 2023-06-30 12052757 core:MotorVehicles 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12052757

CCS Renewable Energies Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

CCS Renewable Energies Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

CCS Renewable Energies Ltd

Company Information

Directors

Mr C Cooper

Mrs L Cooper

Registered office

Unit 5
Penince Industrial Estate
St Blazey
Par
Cornwall
PL24 2SU

Accountants

Peter Williams & Co
Chartered Certified AccountantsLatham Park
St Blazey Road
Par
Cornwall
PL24 2HY

 

CCS Renewable Energies Ltd

(Registration number: 12052757)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,667

20,105

Current assets

 

Stocks

5

1,656

50

Debtors

6

50,640

41,924

Cash at bank and in hand

 

6,192

1,197

 

58,488

43,171

Creditors: Amounts falling due within one year

7

(38,816)

(29,265)

Net current assets

 

19,672

13,906

Total assets less current liabilities

 

34,339

34,011

Creditors: Amounts falling due after more than one year

7

(35,912)

(38,426)

Net liabilities

 

(1,573)

(4,415)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(1,673)

(4,515)

Shareholders' deficit

 

(1,573)

(4,415)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 March 2025 and signed on its behalf by:
 

.........................................
Mr C Cooper
Director

 

CCS Renewable Energies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 5
Penince Industrial Estate
St Blazey
Par
Cornwall
PL24 2SU

These financial statements were authorised for issue by the Board on 10 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

CCS Renewable Energies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Asset class

Depreciation method and rate

Equipment

25% reducing balance method

Motor Vehicles

25% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

CCS Renewable Energies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

CCS Renewable Energies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

15,712

22,000

37,712

Additions

928

-

928

Disposals

(3,164)

-

(3,164)

At 30 June 2024

13,476

22,000

35,476

Depreciation

At 1 July 2023

8,990

8,617

17,607

Charge for the year

1,542

3,346

4,888

Eliminated on disposal

(1,686)

-

(1,686)

At 30 June 2024

8,846

11,963

20,809

Carrying amount

At 30 June 2024

4,630

10,037

14,667

At 30 June 2023

6,722

13,383

20,105

5

Stocks

2024
£

2023
£

Work in progress

1,606

-

Other inventories

50

50

1,656

50

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,386

2,817

Prepayments

-

56

Other debtors

48,254

39,051

 

50,640

41,924

7

Creditors

Creditors: amounts falling due within one year

 

CCS Renewable Energies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

7,047

9,919

Trade creditors

 

503

627

Taxation and social security

 

29,725

17,459

Accruals and deferred income

 

1,541

1,260

 

38,816

29,265

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

35,912

38,426

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

35,912

38,426

Current loans and borrowings

2024
£

2023
£

Other borrowings

7,047

9,919

10

Dividends

11

Related party transactions

 

CCS Renewable Energies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

34,464

25,587