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REGISTERED NUMBER: SC511282 (Scotland)















Unaudited Financial Statements for the Year Ended 27 July 2024

for

Comsol Energy Limited

Comsol Energy Limited (Registered number: SC511282)






Contents of the Financial Statements
for the Year Ended 27 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Comsol Energy Limited

Company Information
for the Year Ended 27 July 2024







DIRECTOR: J M Shields





REGISTERED OFFICE: 4 Linnet Way
Strathclyde Business Park
Bellshill
ML4 3RA





REGISTERED NUMBER: SC511282 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Comsol Energy Limited (Registered number: SC511282)

Balance Sheet
27 July 2024

27.7.24 27.7.23
Notes £    £   
CURRENT ASSETS
Debtors 4 54,821 37,882
Cash at bank and in hand 574 2,212
55,395 40,094
CREDITORS
Amounts falling due within one year 5 581,594 475,977
NET CURRENT LIABILITIES (526,199 ) (435,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(526,199

)

(435,883

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (526,299 ) (435,983 )
(526,199 ) (435,883 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 July 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.

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 24 April 2025 and were signed by:





J M Shields - Director


Comsol Energy Limited (Registered number: SC511282)

Notes to the Financial Statements
for the Year Ended 27 July 2024

1. STATUTORY INFORMATION

Comsol Energy 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.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise, trade and other debtors, cash and cash equivalents, trade and other creditors and related party loans.

Cash and cash equivalents comprise, cash in hand and deposits held in bank.

Trade and other debtors are initially recognised at the transaction price, including any transaction costs, less any provision for impairment. At the end of each year the company assesses whether there is evidence to indicate that the company will not be able to collect all of the amount due according to the original terms of the financial asset. The amount of any provision, if required, is recognised immediately in the statement of income and retained earnings.

Trade and other creditors are initially measured at the transaction price, including any transactions costs,. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.

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.

Going concern
Having considered the company's current financial position (company liabilities exceed assets by £526,199) and the ongoing support of its director and major creditor (from whom continued support has been intimated) the director is satisfied as to the company's ability to continue as going concern and in doing so has considered a period of one year from the date of signing of the accounts.

Comsol Energy Limited (Registered number: SC511282)

Notes to the Financial Statements - continued
for the Year Ended 27 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.7.24 27.7.23
£    £   
Other debtors 54,821 37,882

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.7.24 27.7.23
£    £   
Trade creditors 246,422 250,006
Other creditors 335,172 225,971
581,594 475,977

6. RELATED PARTY DISCLOSURES

At 27 July 2024, Trade creditors of £246,423 (2023 - £246,407) and Other creditors of £235,786 (2023 - £127,185) were due to Advance Construction (Scotland) Ltd - Mr J M Shields is also a director of Advance Construction (Scotland) Ltd.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Shields.