REGISTERED NUMBER: SC598580 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SD WIND ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Urushitani

G Mutter

E McFarlane

REGISTERED OFFICE:

Wardhead Park

Stewarton

Ayrshire

KA3 5LH

REGISTERED NUMBER:

SC598580 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

637,776

478,712

637,776

478,712

CURRENT ASSETS

Stocks

6

715,877

584,134

Debtors

7

110,708

344,782

Cash at bank and in hand

55,733

49,042

882,318

977,958

CREDITORS

Amounts falling due within one year

8

560,572

545,040

NET CURRENT ASSETS

321,746

432,918

TOTAL ASSETS LESS CURRENT LIABILITIES

959,522

911,630

CREDITORS

Amounts falling due after more than one year

9

(714,845

)

(810,249

)

PROVISIONS FOR LIABILITIES

12

(25,091

)

(14,524

)

ACCRUALS AND DEFERRED INCOME

13

(104,103

)

-

NET ASSETS

115,483

86,857

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

115,383

86,757

115,483

86,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

E McFarlane - Director

1.	STATUTORY INFORMATION

SD Wind Energy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on reducing balance

Plant and machinery etc

-

20% on reducing balance and 20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Capital grants received are deferred and released over the life of the related asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

52,000

AMORTISATION

At 1 April 2024

and 31 March 2025

52,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

428,642

238,400

667,042

Additions

8,155

193,186

201,341

At 31 March 2025

436,797

431,586

868,383

DEPRECIATION

At 1 April 2024

45,123

143,207

188,330

Charge for year

7,813

34,464

42,277

At 31 March 2025

52,936

177,671

230,607

NET BOOK VALUE

At 31 March 2025

383,861

253,915

637,776

At 31 March 2024

383,519

95,193

478,712

6.

STOCKS

31.3.25

31.3.24

£

£

Raw materials

560,427

456,187

Work-in-progress

9,524

8,339

Finished goods

145,926

119,608

715,877

584,134

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

91,573

260,558

Other debtors

19,135

84,224

110,708

344,782

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

40,000

40,000

Trade creditors

267,224

169,296

Taxation and social security

17,247

39,668

Other creditors

236,101

296,076

560,572

545,040

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,000

50,000

Amounts owed to group undertakings

647,345

672,749

Other creditors

57,500

87,500

714,845

810,249

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

672

672

Between one and five years

1,344

2,017

2,016

2,689

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Other loans

87,500

117,500

Secured by way of a floating charge over the property of the company.

12.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

25,091

14,524

Deferred

tax

£

Balance at 1 April 2024

14,524

Provided during year

10,567

Balance at 31 March 2025

25,091

13.	ACCRUALS AND DEFERRED INCOME

This is in respect of deferred grants received.

14.	RELATED PARTY DISCLOSURES

A balance of £647,345 (2024 - £672,749) is owed to parent company SD Green Energy KK, a company registered in Japan.

The loan has no fixed repayment date and is currently not interest bearing.

The ultimate controlling party is Mr T Urushitani.