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 819,770 368,898 40,989 409,887 409,883 450,872 xbrli:pure xbrli:shares iso4217:GBP SC420121 2024-01-01 2024-12-31 SC420121 2024-12-31 SC420121 2023-12-31 SC420121 2023-01-01 2023-12-31 SC420121 2023-12-31 SC420121 2022-12-31 SC420121 core:PlantMachinery 2024-01-01 2024-12-31 SC420121 bus:Director1 2024-01-01 2024-12-31 SC420121 core:WithinOneYear 2024-12-31 SC420121 core:WithinOneYear 2023-12-31 SC420121 core:PlantMachinery 2023-12-31 SC420121 core:PlantMachinery 2024-12-31 SC420121 core:ShareCapital 2024-12-31 SC420121 core:ShareCapital 2023-12-31 SC420121 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC420121 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC420121 core:PlantMachinery 2023-12-31 SC420121 bus:SmallEntities 2024-01-01 2024-12-31 SC420121 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC420121 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC420121 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC420121 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: SC420121
Teuchan Wind Limited
Filleted Unaudited Financial Statements
31 December 2024
Teuchan Wind Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
409,883
450,872
Current assets
Debtors
5
148,803
102,902
Investments
6
50
50
Cash at bank and in hand
54,319
28,821
---------
---------
203,172
131,773
Creditors: amounts falling due within one year
7
109,859
104,536
---------
---------
Net current assets
93,313
27,237
---------
---------
Total assets less current liabilities
503,196
478,109
Provisions
83,428
---------
---------
Net assets
419,768
478,109
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
419,764
478,105
---------
---------
Shareholders funds
419,768
478,109
---------
---------
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 .
Teuchan 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: SC420121
Teuchan 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.
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.
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
819,770
---------
Depreciation
At 1 January 2024
368,898
Charge for the year
40,989
---------
At 31 December 2024
409,887
---------
Carrying amount
At 31 December 2024
409,883
---------
At 31 December 2023
450,872
---------
5. Debtors
2024
2023
£
£
Prepayments and accrued income
19,442
18,273
Other debtors
129,361
84,629
---------
---------
148,803
102,902
---------
---------
6. Investments
2024
2023
£
£
Other investments
50
50
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
469
8,940
Accruals
70,044
72,799
Corporation tax
36,473
21,865
Social security and other taxes
1,941
Other creditors
932
932
---------
---------
109,859
104,536
---------
---------