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REGISTERED NUMBER: 13420613 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Quarrington Biogas Ltd

Quarrington Biogas Ltd (Registered number: 13420613)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quarrington Biogas Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Philip David Johnson





REGISTERED OFFICE: Quarrington Farm
Old Quarrington
Durham
DH6 5NN





REGISTERED NUMBER: 13420613 (England and Wales)

Quarrington Biogas Ltd (Registered number: 13420613)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5 5
Tangible assets 5 518,995 570,237
519,000 570,242

CURRENT ASSETS
Stocks 44,000 54,300
Debtors 6 481,899 120,149
Cash at bank 15,722 56,498
541,621 230,947
CREDITORS
Amounts falling due within one year 7 904,502 59,515
NET CURRENT (LIABILITIES)/ASSETS (362,881 ) 171,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,119

741,674

CREDITORS
Amounts falling due after more than
one year

8

-

830,000
NET ASSETS/(LIABILITIES) 156,119 (88,326 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,019 (88,426 )
156,119 (88,326 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Quarrington Biogas Ltd (Registered number: 13420613)

Balance Sheet - continued
31 March 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 29 April 2025 and were signed by:





Mr Philip David Johnson - Director


Quarrington Biogas Ltd (Registered number: 13420613)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Quarrington Biogas Ltd is a private company, limited by shares , registered in England and Wales. 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.

Following the Director's assessment, financial statements have been prepared on the Going Concern Basis as the results for 2024 are predicted to continue to improve.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Quarrington Biogas Ltd (Registered number: 13420613)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5
NET BOOK VALUE
At 31 March 2024 5
At 31 March 2023 5

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 654,102 150 654,252
DEPRECIATION
At 1 April 2023 84,015 - 84,015
Charge for year 51,212 30 51,242
At 31 March 2024 135,227 30 135,257
NET BOOK VALUE
At 31 March 2024 518,875 120 518,995
At 31 March 2023 570,087 150 570,237

Quarrington Biogas Ltd (Registered number: 13420613)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 13,752 28,294
Other debtors 468,147 91,855
481,899 120,149

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 24,126 13,603
Other creditors 880,376 45,912
904,502 59,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors - 830,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 830,000 830,000