Abergwaun Community Turbines Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09177834 (England and Wales)

ABERGWAUN COMMUNITY TURBINES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

T R E Latter

P R L Williams

R G Williams

M J Davies

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembs

SA61 2BP

REGISTERED NUMBER:

09177834 (England and Wales)

ACCOUNTANTS:

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Tangible assets

4

412,154

426,366

CURRENT ASSETS

Debtors

5

42,994

46,748

Cash at bank

63,077

7,798

106,071

54,546

CREDITORS

Amounts falling due within one year

6

87,050

26,878

NET CURRENT ASSETS

19,021

27,668

TOTAL ASSETS LESS CURRENT
LIABILITIES

431,175

454,034

PROVISIONS FOR LIABILITIES

99,707

102,528

NET ASSETS

331,468

351,506

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

331,466

351,504

SHAREHOLDERS' FUNDS

331,468

351,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 7 September 2026 and were signed on its behalf by:

T R E Latter - Director

R G Williams - Director

1.	STATUTORY INFORMATION

Abergwaun Community Turbines Limited is a private company, limited by shares , registered in England and Wales. 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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

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

-

2.5% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Machinery

£

COST

At 1 March 2025

and 28 February 2026

568,486

DEPRECIATION

At 1 March 2025

142,120

Charge for year

14,212

At 28 February 2026

156,332

NET BOOK VALUE

At 28 February 2026

412,154

At 28 February 2025

426,366

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

42,994

45,258

Other debtors

-

1,490

42,994

46,748

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed to group undertakings

-

1,500

Taxation and social security

10,460

19,726

Other creditors

76,590

5,652

87,050

26,878

7.	RELATED PARTY DISCLOSURES

Details of related party transactions are as follows:-

Parc-y-Morfa Farms Limited

Transition Community Ventures
Limited

R Williams

£

Rent

19,897

-

Creditor balance

-

Management
Charges

15,000

Related party disclosures for the year ended 28 February 2025

Parc-y-Morfa Farms Limited

Transition Community Ventures Limited

£

Rent

19,748

-

Creditor balance

1,500

Managementcharges

15,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abergwaun Community Turbines Limited for the year ended 28 February 2026 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abergwaun Community Turbines Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abergwaun Community Turbines Limited and state those matters that we have agreed to state to the Board of Directors of Abergwaun Community Turbines Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abergwaun Community Turbines Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abergwaun Community Turbines Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abergwaun Community Turbines Limited. You consider that Abergwaun Community Turbines Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abergwaun Community Turbines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

Date: .............................................