Bluetech Energy Ltd - Filleted accounts

Registered number

SC504952

Bluetech Energy Ltd

Filleted Accounts

31 December 2024

Bluetech Energy Ltd
Registered number:		SC504952
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		-			333

Current assets
Stocks		6,842			6,842
Debtors	4	6,576			12,990
Cash at bank and in hand		674			364
		14,092			20,196

Creditors: amounts falling due within one year	5	(32,037)			(32,759)

Net current liabilities			(17,945)			(12,563)

Net liabilities			(17,945)			(12,230)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(18,045)			(12,330)

Shareholders' funds			(17,945)			(12,230)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




KH Cromar
Director
Approved by the board on 31 May 2025

Bluetech Energy Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	At the balance sheet date the company had net liabilities amounting to £17,945 (2023 - £12,230). The company is reliant on the continued support of the parent company. The parent company has confirmed its intention to support the company and at the balance sheet date the company owed the parent sums amounting to £14,360 (2023 - £8,602). These sums are interest free and have no fixed repayment period. On the above basis, the directors consider that the financial statements should be prepared on a going concern basis.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor Vehicles	over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				1,864
	At 31 December 2024				1,864

	Depreciation
	At 1 January 2024				1,531
	Charge for the year				333
	At 31 December 2024				1,864

	Net book value
	At 31 December 2024				-
	At 31 December 2023				333


4	Debtors		2024		2023
£				£

	Trade debtors		2,733		-
	Other debtors		3,843		12,990
			6,576		12,990


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		511		6,990
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		14,359		8,602
	Other creditors		17,167		17,167
			32,037		32,759


6	Related party transactions

	During the year sales of £nil (2023 £nil) were made to Kilrevin Holdings Limited and purchases of £957 (2023 £898) made from Kilrevin Holdings Limited. As at the year-end there is a balance due to the parent company totalling £171 (2023 £118). Craggantoul Limited is a related party by virtue of common control. Sales of £nil (2023 £240) were made to Craggantoul Limited in the year of which £nil (2023 £nil) was outstanding at the year end. Ardlodge Limited is a related party by virtue of common control. Sales of £nil (2023 £nil) were made to Ardlodge Limited in the year of which £nil (2023 £nil) was outstanding at the year end. Luxury Cottages Loch Tay Limited is a related party by virtue of common control. Sales of £nil (2023 £264) were made to Luxury Cottages Loch Tay Limited of which £nil (2023 £nil) was outstanding at the year end. Ardeonaig Limited is a related party by virtue of common control. During the year sales of £nil (2023 £4,039) were made to Ardeonaig Limited of which £nil (2023 £nil) was outstanding at the year-end.


7	Controlling party

	There is no ultimate controlling party.


8	Other information

	Bluetech Energy Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	127 Elliot Street
	Glasgow
	Scotland
	G3 8EX