REGISTERED NUMBER: SC280892 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

First Energy Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M M Bowie

REGISTERED OFFICE:

Banks Cottage

Burnside Road

Peterculter

AB14 0LP

REGISTERED NUMBER:

SC280892 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

20,977

22,301

CURRENT ASSETS

Debtors

5

43,775

13,828

Cash at bank

33,191

67,965

76,966

81,793

CREDITORS

Amounts falling due within one year

6

62,755

84,463

NET CURRENT ASSETS/(LIABILITIES)

14,211

(2,670

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,188

19,631

PROVISIONS FOR LIABILITIES

5,244

2,410

NET ASSETS

29,944

17,221

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

2,398

2,398

Revaluation reserve

7

9,484

9,484

Retained earnings

18,059

5,336

29,944

17,221

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 director acknowledges his 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 director and authorised for issue on 29 December 2025 and were signed by:

M M Bowie - Director

1.	STATUTORY INFORMATION

First Energy Development 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.

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 etc

-

33% on cost and 10% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

41,057

DEPRECIATION

At 1 April 2024

18,756

Charge for year

1,324

At 31 March 2025

20,080

NET BOOK VALUE

At 31 March 2025

20,977

At 31 March 2024

22,301

The Orcaflex licence is included in the accounts at director's valuation of £20,400.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

28,110

-

Other debtors

15,665

13,828

43,775

13,828

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

37,188

10,033

Other creditors

25,567

74,430

62,755

84,463

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

9,484