Company registration number SC763126
BOREAS POWER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BOREAS POWER LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
£
£
£
£
Fixed assets
66,651
1,193
Current assets
80,424
34,674
Creditors: amounts falling due within one year
(27,380)
(16,484)
Net current assets
53,044
18,190
Total assets less current liabilities
119,695
19,383
Creditors: amounts falling due after more than one year
(23,333)
Net assets
96,362
19,383
Capital and reserves
96,362
19,383
Notes to the financial statements
1
Director's transactions
At the year end, the company owed the director £1,287 (2024 - £4,458), which is unsecured, interest free and has no fixed terms of repayment.
2
Hire purchase
At the year end, £35,000 was due under a hire purchase agreement which is secured over the asset to which it relates.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2025
2024
Number
Number
Employees
1
0
3
Comparative figures
These financial statements cover the year 1 April 2024 to 31 March 2025, however, the comparative period covers 21 March 2023 to 31 March 2024. As a result these figures are not entirely comparable.
Boreas Power Ltd is a private company limited by shares incorporated in Scotland. The registered office is 21 MacKinnon Drive, Croy, IV2 5PD.
BOREAS POWER LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 30 July 2025
Mr F P C McKenzie
Director
Company registration number SC763126