DEVINE ENERGY LIMITED

Company Registration Number:
SC310116 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 30 April 2023

End date: 30 April 2024

DEVINE ENERGY LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

DEVINE ENERGY LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company is sale of used cars and light motor vehicles



Directors

The directors shown below have held office during the whole of the period from
30 April 2023 to 30 April 2024

Darren McDermott
William McDermott
Jason McDermott
Steven Watson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 April 2025

And signed on behalf of the board by:
Name: Darren McDermott
Status: Director

DEVINE ENERGY LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 120,919 128,435
Investments:   0 0
Total fixed assets: 120,919 128,435
Current assets
Stocks: 4 64,250 64,250
Debtors: 5 1,815,825 1,251,367
Cash at bank and in hand: 664 664
Investments:   0 0
Total current assets: 1,880,739 1,316,281
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 1,299,212 ) ( 745,504 )
Net current assets (liabilities): 581,527 570,777
Total assets less current liabilities: 702,446 699,212
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 702,446 699,212
Capital and reserves
Called up share capital: 830 830
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 701,616 698,382
Total Shareholders' funds: 702,446 699,212

The notes form part of these financial statements

DEVINE ENERGY LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: Darren McDermott
Status: Director

The notes form part of these financial statements

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position 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 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: Land and Building - No depreciation Plant & Machinery - 25% straight line Motor Vehicles - 25% reducing balance Office Equipment - 33% Straight line

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 35 27

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 April 2023 94,229 0 22,875 0 58,506 175,610
Additions 0 0 1,713 0 0 1,713
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2024 94,229 0 24,588 0 58,506 177,323
Depreciation
At 30 April 2023 0 0 21,578 0 25,597 47,175
Charge for year 0 0 1,002 0 8,227 9,229
On disposals 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2024 0 0 22,580 0 33,824 56,404
Net book value
At 30 April 2024 94,229 0 2,008 0 24,682 120,919
At 29 April 2023 94,229 0 1,297 0 32,909 128,435

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 64,250 64,250
Payments on account 0 0
Total 64,250 64,250

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,482,774 918,277
Prepayments and accrued income 0 38
Other debtors 333,051 333,052
Total 1,815,825 1,251,367
Debtors due after more than one year: 0 0

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 293,958 249,000
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 322,873 120,438
Taxation and social security 451,978 248,374
Accruals and deferred income 4,250 7,000
Other creditors 226,153 120,692
Total 1,299,212 745,504

DEVINE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Financial Commitments

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.