REGISTERED NUMBER: NI642629 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Glenhoy Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Robson

Mr J Robson

REGISTERED OFFICE:

27 Glenhoy Road

AUGHER

Co. Tyrone

BT77 0DG

REGISTERED NUMBER:

NI642629 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

FIXED ASSETS

Tangible assets

4

313,816

341,577

CURRENT ASSETS

Debtors

5

23,191

29,356

Cash at bank

7,871

17,530

31,062

46,886

CREDITORS

Amounts falling due within one year

6

118,882

123,637

NET CURRENT LIABILITIES

(87,820

)

(76,751

)

TOTAL ASSETS LESS CURRENT LIABILITIES

225,996

264,826

CREDITORS

Amounts falling due after more than one year

7

263,733

301,879

NET LIABILITIES

(37,737

)

(37,053

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(37,937

)

(37,253

)

(37,737

)

(37,053

)

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 27 November 2025 and were signed on its behalf by:

Mrs A Robson - Director

Mr J Robson - Director

1.	STATUTORY INFORMATION

Glenhoy Energy Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets

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

-Plant and machinery - 5% straight line

-Motor vehicle - 20% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

301,500

88,131

389,631

DEPRECIATION

At 1 April 2024

30,428

17,626

48,054

Charge for year

13,660

14,101

27,761

At 31 March 2025

44,088

31,727

75,815

NET BOOK VALUE

At 31 March 2025

257,412

56,404

313,816

At 31 March 2024

271,072

70,505

341,577

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

20,190

23,813

Other debtors

3,001

5,543

23,191

29,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,183

9,921

Hire purchase contracts

69,618

69,620

Trade creditors

962

30

Amounts owed to related parties

25,216

43,066

Social security and other taxes

3,871

-

VAT

7,782

-

Accrued expenses

1,250

1,000

118,882

123,637

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,866

13,310

Hire purchase contracts

40,004

109,623

Directors' loan accounts

220,863

178,946

263,733

301,879