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Company Registration No. SC599590 (Scotland)
SCOT RENEWABLES LTD Unaudited accounts for the year ended 30 June 2024
SCOT RENEWABLES LTD Unaudited accounts Contents
Page
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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
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SCOT RENEWABLES LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
79,378 
52,076 
Current assets
Debtors
12,360 
13,972 
Cash at bank and in hand
- 
10,848 
12,360 
24,820 
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)
Capital and reserves
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
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SCOT RENEWABLES LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Going concern
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.
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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 
Additions
41,309 
- 
41,309 
At 30 June 2024
111,880 
541 
112,421 
Depreciation
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 
Net book value
At 30 June 2024
79,378 
- 
79,378 
At 30 June 2023
52,076 
- 
52,076 
5
Debtors
2024 
2023 
£ 
£ 
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 
VAT
4,725 
18,846 
Loans from directors
88,142 
63,127 
Accruals
760 
767 
96,075 
84,340 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,334 
4,039 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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