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Registration number: SC410924

Achomer Energy Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Achomer Energy Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Achomer Energy Ltd

Company Information

Directors

Mrs Miranda Moncreiffe

Mr Ossian Moncreiffe

Registered office

6 Atholl Crescent
PERTH
PH1 5JN

Accountants

Morris & Young
Chartered Accountants
6 Atholl Crescent
PERTH
PH1 5JN

 

Achomer Energy Ltd

(Registration number: SC410924)
Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,005,186

1,034,349

Current assets

 

Debtors

5

469,803

360,595

Cash at bank and in hand

 

491,843

225,240

 

961,646

585,835

Creditors: Amounts falling due within one year

6

(1,696,285)

(2,096,162)

Net current liabilities

 

(734,639)

(1,510,327)

Net assets/(liabilities)

 

270,547

(475,978)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Share premium reserve

98,802

98,802

Retained earnings

170,745

(575,780)

Shareholders' funds/(deficit)

 

270,547

(475,978)

 

Achomer Energy Ltd

(Registration number: SC410924)
Statement of Financial Position as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 August 2025 and signed on its behalf by:
 

.........................................
Mr Ossian Moncreiffe
Director

 

Achomer Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
6 Atholl Crescent
PERTH
PH1 5JN

These financial statements were authorised for issue by the Board on 15 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Achomer Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Going concern

The directors have reviewed the financial model and are confident that the company will return to profitability. On this basis the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line over the term of the lease

Fixtures and fittings

33% straight line

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Achomer Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Achomer Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

1,266,253

1,266,253

At 30 November 2024

1,266,253

1,266,253

Depreciation

At 1 December 2023

231,904

231,904

Charge for the year

29,163

29,163

At 30 November 2024

261,067

261,067

Carrying amount

At 30 November 2024

1,005,186

1,005,186

At 30 November 2023

1,034,349

1,034,349

 

Achomer Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

392,039

294,137

Prepayments

67,414

56,108

Other debtors

10,350

10,350

 

469,803

360,595

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

18,297

18,018

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

1,638,615

1,859,565

Taxation and social security

 

9,136

28,357

Accruals and deferred income

 

29,688

189,500

Other creditors

 

549

722

 

1,696,285

2,096,162

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

       
 

Achomer Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Related party transactions

Summary of transactions with other related parties

Uisge Holdings Limited, the majority shareholder
 

Expenditure with and payables to related parties

2024

Other related parties
£

Leases

750,000

2023

Other related parties
£

Leases

750,000

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

1,859,565

1,859,565

At end of period

1,859,565

1,859,565

2023

Other related parties
£

Total
£

At start of period

2,053,640

2,053,640

Advanced

680,950

680,950

Repaid

(875,025)

(875,025)

At end of period

1,859,565

1,859,565