Company Registration No. SC599590 (Scotland)
SCOT RENEWABLES LTD
Unaudited accounts
for the year ended 30 June 2024
SCOT RENEWABLES LTD
Unaudited accounts
Contents
SCOT RENEWABLES LTD
Company Information
for the year ended 30 June 2024
Director
Mr Murdo MacDonald
Company Number
SC599590 (Scotland)
Registered Office
10 PRIMROSE HILL
PORTREE
ISLE OF SKYE
IV51 9TT
SCOTLAND
Accountants
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
SCOT RENEWABLES LTD
Statement of financial position
as at 30 June 2024
Tangible assets
79,378
52,076
Cash at bank and in hand
-
10,848
Creditors: amounts falling due within one year
(96,075)
(84,340)
Net current liabilities
(83,715)
(59,520)
Total assets less current liabilities
(4,337)
(7,444)
Creditors: amounts falling due after more than one year
(2,334)
(4,039)
Net liabilities
(6,671)
(11,483)
Called up share capital
2
2
Profit and loss account
(6,673)
(11,485)
Shareholders' funds
(6,671)
(11,483)
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 May 2025 and were signed on its behalf by
Mr Murdo MacDonald
Director
Company Registration No. SC599590
SCOT RENEWABLES LTD
Notes to the Accounts
for the year ended 30 June 2024
SCOT RENEWABLES LTD is a private company, limited by shares, registered in Scotland, registration number SC599590. The registered office is 10 PRIMROSE HILL, PORTREE, ISLE OF SKYE, IV51 9TT, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
As during the preceding reporting periods the director chose to continue to invest heavily using his own resources in the appropriate tools and plant to position the company to bid on more profitable comprehensive contracts nationwide, it should be noted that turnover reflects this now making returns. The Director draws attention to a return to profit during this period and fully expects this growth to continue.
The VAT creditor balance incurred during the growth of the previous period has been addressed this period and brought into line, and while this has reduced short term liquidity the balance sheet overall has benefitted.
SCOT RENEWABLES LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
70,571
541
71,112
At 30 June 2024
111,880
541
112,421
At 1 July 2023
18,495
541
19,036
Charge for the year
14,007
-
14,007
At 30 June 2024
32,502
541
33,043
At 30 June 2024
79,378
-
79,378
At 30 June 2023
52,076
-
52,076
Amounts falling due after more than one year
Trade debtors
12,360
13,972
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,448
1,600
Loans from directors
88,142
63,127
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).