0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 493,473 224,465 24,674 249,139 244,334 269,008 xbrli:pure xbrli:shares iso4217:GBP SC420124 2024-01-01 2024-12-31 SC420124 2024-12-31 SC420124 2023-12-31 SC420124 2023-01-01 2023-12-31 SC420124 2023-12-31 SC420124 2022-12-31 SC420124 core:PlantMachinery 2024-01-01 2024-12-31 SC420124 bus:Director1 2024-01-01 2024-12-31 SC420124 core:WithinOneYear 2024-12-31 SC420124 core:WithinOneYear 2023-12-31 SC420124 core:PlantMachinery 2023-12-31 SC420124 core:PlantMachinery 2024-12-31 SC420124 core:ShareCapital 2024-12-31 SC420124 core:ShareCapital 2023-12-31 SC420124 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC420124 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC420124 core:PlantMachinery 2023-12-31 SC420124 bus:SmallEntities 2024-01-01 2024-12-31 SC420124 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC420124 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC420124 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC420124 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: SC420124
Burnside Wind Limited
Filleted Unaudited Financial Statements
31 December 2024
Burnside Wind Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
244,334
269,008
Current assets
Debtors
5
57,312
47,103
Investments
6
50
50
Cash at bank and in hand
4,426
18,823
--------
--------
61,788
65,976
Creditors: amounts falling due within one year
7
251,238
318,263
---------
---------
Net current liabilities
189,450
252,287
---------
---------
Total assets less current liabilities
54,884
16,721
Provisions
48,140
--------
--------
Net assets
6,744
16,721
--------
--------
Capital and reserves
Called up share capital
4
4
Profit and loss account
6,740
16,717
-------
--------
Shareholders funds
6,744
16,721
-------
--------
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 31 December 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 .
Burnside Wind Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
Mr D Cameron
Director
Company registration number: SC420124
Burnside Wind Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Westertown, Rothienorman, Inverurie, AB51 8US.
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.
Going concern
The company is reliant on the continued support of the parent company, Macwind Limited. It is anticipated that this support shall continue in the future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5% straight line
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are initially recognised at the transaction price. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
4. Tangible assets
Plant and machinery
£
Cost
At 1 January 2024 and 31 December 2024
493,473
---------
Depreciation
At 1 January 2024
224,465
Charge for the year
24,674
---------
At 31 December 2024
249,139
---------
Carrying amount
At 31 December 2024
244,334
---------
At 31 December 2023
269,008
---------
5. Debtors
2024
2023
£
£
Prepayments and accrued income
13,881
10,919
Other debtors
43,431
36,184
--------
--------
57,312
47,103
--------
--------
6. Investments
2024
2023
£
£
Investments
50
50
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
543
11,710
Amounts owed to group undertakings
230,783
286,783
Accruals and deferred income
19,912
19,770
---------
---------
251,238
318,263
---------
---------