ACCOUNTS - Final Accounts preparation

Registered number: SC522264

UCW ENERGY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

UCW ENERGY LIMITED

COMPANY INFORMATION

Directors	Mr D Begg
	Mrs E E S Begg
	Mr S D Begg
	Mr B W Begg


Registered number	SC522264


Registered office	Mains of Cowie
	Stonehaven
	AB39 3RE


Accountants	EQ Accountants Limited
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ

UCW ENERGY LIMITED

REGISTERED NUMBER: SC522264

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

FIXED ASSETS
Tangible Fixed Assets	4		357,532		389,640
			357,532		389,640
CURRENT ASSETS
Debtors Within One Year	5	8,543		34,350
Cash at bank and in hand		53,810		85,967
		62,353		120,317
Creditors: Amounts Falling Due Within One Year	6	(128,131)		(140,143)
NET CURRENT LIABILITIES			(65,778)		(19,826)
TOTAL ASSETS LESS CURRENT LIABILITIES			291,754		369,814
Creditors: Amounts Falling Due After More Than One Year	7		(317,570)		(347,307)
PROVISIONS FOR LIABILITIES
Deferred tax		(12,873)		(24,954)
			(12,873)		(24,954)
NET LIABILITIES			(38,689)		(2,447)

CAPITAL AND RESERVES
Called up share capital	100	100
Profit and loss account	(38,789)	(2,547)
	(38,689)	(2,447)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2025.

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UCW ENERGY LIMITED

REGISTERED NUMBER: SC522264

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

Mr D Begg	Mrs E E S Begg
Director	Director

The notes on pages 3 to 6 form part of these financial statements.

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UCW ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

UCW Energy Limited is a private company, limited by shares, incorporated in Scotland with registration number SC522264. The registered office is Mains of Cowie, Stonehaven, Scotland, AB39
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The accounts have been prepared under the going concern basis. The balance sheet shows net liabilties and the company is dependant on the continued support of the directors. This support is will continue for the forseeable future.

2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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UCW ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Turbines

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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UCW ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.6

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

4.	TANGIBLE FIXED ASSETS

		Turbines
		£
	COST OR VALUATION
	At 1 April 2024	642,076
	At 31 March 2025	642,076
	DEPRECIATION
	At 1 April 2024	252,436
	Charge for the year on owned assets	32,108
	At 31 March 2025	284,544
	NET BOOK VALUE
	At 31 March 2025	357,532
	At 31 March 2024	389,640

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UCW ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	-	7,247
Other debtors	7,850	24,647
Prepayments and accrued income	693	2,456
	8,543	34,350

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Bank loans	38,954	38,953
Trade creditors	11,669	4,132
Amounts owed to associates	69,576	89,210
Accruals and deferred income	7,932	7,848
	128,131	140,143

The bank loans are secured by a floating charge over all of the company's assets and undertakings. The bank loans are also secured by a guarantee provided by the directors.

7.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Bank loans	317,570	347,307
	317,570	347,307

The bank loans are secured by a floating charge over all of the company's assets and undertakings. The bank loans are also secured by a guarantee provided by the directors.

8.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2024 - 100) £1 Ordinary shares shares of £1.00 each	100	100

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