0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 150,000 150,000 150,000 xbrli:pure xbrli:shares iso4217:GBP 09299445 2023-10-01 2024-09-30 09299445 2024-09-30 09299445 2023-09-30 09299445 2022-10-01 2023-09-30 09299445 2023-09-30 09299445 2022-09-30 09299445 bus:Director1 2023-10-01 2024-09-30 09299445 core:WithinOneYear 2024-09-30 09299445 core:WithinOneYear 2023-09-30 09299445 core:ShareCapital 2024-09-30 09299445 core:ShareCapital 2023-09-30 09299445 core:RetainedEarningsAccumulatedLosses 2024-09-30 09299445 core:RetainedEarningsAccumulatedLosses 2023-09-30 09299445 core:LandBuildings 2024-09-30 09299445 core:LandBuildings 2023-09-30 09299445 bus:SmallEntities 2023-10-01 2024-09-30 09299445 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09299445 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09299445 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09299445 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 09299445
FINGAL WIND LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2024
FINGAL WIND LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
4
150,000
150,000
CURRENT ASSETS
Stocks
6,435
9,995
Debtors
5
63,525
131,467
Cash at bank and in hand
9,831
35,466
--------
---------
79,791
176,928
CREDITORS: amounts falling due within one year
6
164,592
280,454
---------
---------
NET CURRENT LIABILITIES
84,801
103,526
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
65,199
46,474
--------
--------
NET ASSETS
65,199
46,474
--------
--------
CAPITAL AND RESERVES
Called up share capital
50
50
Profit and loss account
65,149
46,424
--------
--------
SHAREHOLDERS FUNDS
65,199
46,474
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FINGAL WIND LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 20 May 2025 , and are signed on behalf of the board by:
Mr M H Smith
Director
Company registration number: 09299445
FINGAL WIND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30th SEPTEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. TANGIBLE ASSETS
Land and buildings
£
Cost
At 1st October 2023 and 30th September 2024
150,000
---------
Depreciation
At 1st October 2023 and 30th September 2024
---------
Carrying amount
At 30th September 2024
150,000
---------
At 30th September 2023
150,000
---------
5. DEBTORS
2024
2023
£
£
Trade debtors
39,188
44,608
Prepayments and accrued income
658
289
Other debtors
23,679
86,570
--------
---------
63,525
131,467
--------
---------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Payments received on account
5,467
2,410
Trade creditors
2,531
2,418
Amounts owed to group undertakings
149,364
268,953
Accruals and deferred income
1,500
1,380
Corporation tax
5,730
5,293
---------
---------
164,592
280,454
---------
---------