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Company Registration No. SC345238 (Scotland)
Tweed Renewables Limited Unaudited accounts for the year ended 31 March 2025
Tweed Renewables Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Tweed Renewables Limited Company Information for the year ended 31 March 2025
Directors
Scott James Mulligan Sarah Louise Mulligan
Company Number
SC345238 (Scotland)
Registered Office
5 TWEED AVENUE PEEBLES BORDERS EH45 8AS United Kingdom
Accountants
ADD Accounting Solutions Limited 12 Loaning Crescent Peebles Borders EH459JR
- 3 -
Tweed Renewables Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,929
5,239
Current assets
Debtors
5
329
1,583
Cash at bank and in hand
15,133
7,489
15,462
9,072
Creditors: amounts falling due within one year
6
(9,758)
(10,220)
Net current assets/(liabilities)
5,704
(1,148)
Total assets less current liabilities
9,633
4,091
Creditors: amounts falling due after more than one year
7
(13,528)
(16,682)
Provisions for liabilities
Deferred tax
(745)
(994)
Net liabilities
(4,640)
(13,585)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(4,740)
(13,685)
Shareholders' funds
(4,640)
(13,585)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered 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 - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by
Scott James Mulligan Director Company Registration No. SC345238
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Tweed Renewables Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Tweed Renewables Limited is a private company, limited by shares, registered in Scotland, registration number SC345238. The registered office is 5 TWEED AVENUE, PEEBLES, BORDERS, EH45 8AS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,084
18,759
740
21,583
At 31 March 2025
2,084
18,759
740
21,583
Depreciation
At 1 April 2024
1,297
14,307
740
16,344
Charge for the year
197
1,113
-
1,310
At 31 March 2025
1,494
15,420
740
17,654
Net book value
At 31 March 2025
590
3,339
-
3,929
At 31 March 2024
787
4,452
-
5,239
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
1,583
Accrued income and prepayments
329
-
329
1,583
- 5 -
Tweed Renewables Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,195
3,195
VAT
3,047
1,180
Trade creditors
1,620
4,030
Taxes and social security
1,346
1,315
Accruals
550
500
9,758
10,220
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
733
3,788
Loans from directors
12,795
12,894
13,528
16,682
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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