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REGISTERED NUMBER: SC427860 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WOOD PELLETS AYRSHIRE LIMITED

WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOD PELLETS AYRSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A Hamilton





REGISTERED OFFICE: 36 Montgomerie Street
Tarbolton
Ayrshire
KA5 5PZ





REGISTERED NUMBER: SC427860 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA

WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,468 176,237
Investment property 5 341,482 341,482
486,950 517,719

CURRENT ASSETS
Stocks 1,400 1,400
Debtors 6 134,316 133,611
Prepayments and accrued income - 300
Cash at bank and in hand 53,713 45,387
189,429 180,698
CREDITORS
Amounts falling due within one year 7 433,481 407,367
NET CURRENT LIABILITIES (244,052 ) (226,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,898

291,050

CREDITORS
Amounts falling due after more than one
year

8

(100,634

)

(109,781

)

PROVISIONS FOR LIABILITIES (21,858 ) (26,444 )
NET ASSETS 120,406 154,825

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 120,405 154,824
SHAREHOLDERS' FUNDS 120,406 154,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

BALANCE SHEET - continued
30 JUNE 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 18 March 2025 and were signed by:





A Hamilton - Director


WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Wood Pellets Ayrshire 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FINANCIAL INSTRUMENTS
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 125,676 188,267 42,021 356 356,320
Additions - 816 - - 816
At 30 June 2024 125,676 189,083 42,021 356 357,136
DEPRECIATION
At 1 July 2023 55,072 114,150 10,505 356 180,083
Charge for year 12,568 11,138 7,879 - 31,585
At 30 June 2024 67,640 125,288 18,384 356 211,668
NET BOOK VALUE
At 30 June 2024 58,036 63,795 23,637 - 145,468
At 30 June 2023 70,604 74,117 31,516 - 176,237

WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 90,356 42,021 132,377
DEPRECIATION
At 1 July 2023 64,848 10,505 75,353
Charge for year 3,823 7,879 11,702
At 30 June 2024 68,671 18,384 87,055
NET BOOK VALUE
At 30 June 2024 21,685 23,637 45,322
At 30 June 2023 25,508 31,516 57,024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 341,482
NET BOOK VALUE
At 30 June 2024 341,482
At 30 June 2023 341,482

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 53,027 58,627
Other debtors 81,289 74,984
134,316 133,611

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 4,301 4,755
Hire purchase contracts 7,281 11,197
Trade creditors 67,983 57,767
Taxation and social security 5,532 11,447
Other creditors 348,384 322,201
433,481 407,367

WOOD PELLETS AYRSHIRE LIMITED (REGISTERED NUMBER: SC427860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 88,590 92,438
Hire purchase contracts 12,044 17,343
100,634 109,781

9. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank loans 92,891 97,193
Hire purchase contracts 19,325 28,540
112,216 125,733

Bank loans are secured by a fixed charge over the investment property.

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount due of £77,051 from a related party.