T M Wind Energy Limited Filleted accounts for Companies House (small and micro)

T M WIND ENERGY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: NI624834

T M Wind Energy Limited

Filleted Unaudited Financial Statements

31 March 2019

T M Wind Energy Limited

Financial Statements

Year ended 31 March 2019

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

T M Wind Energy Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of T M Wind Energy Limited

Year ended 31 March 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T M Wind Energy Limited for the year ended 31 March 2019, which comprise the 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 Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. This report is made solely to the director of T M Wind Energy Limited. Our work has been undertaken solely to prepare for your approval the financial statements of T M Wind Energy Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T M Wind Energy Limited and its director for our work or for this report.

It is your duty to ensure that T M Wind Energy 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 T M Wind Energy Limited. You consider that T M Wind Energy 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 T M Wind Energy 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.

BMK ACCOUNTING LIMITED Chartered Accountants

43 Lockview Road Stranmillis Belfast BT9 5FJ

7 December 2019

T M Wind Energy Limited

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	4		132,205	146,895

Current assets

Debtors	5	199	4,422
Cash at bank and in hand		112,166	74,664
		---------	--------
		112,365	79,086

Creditors: amounts falling due within one year	6	222,459		206,292
		---------		---------
Net current liabilities			110,094	127,206
			---------	---------
Total assets less current liabilities			22,111	19,689
			--------	--------
Net assets			22,111	19,689
			--------	--------

Capital and reserves

Called up share capital	4	4
Profit and loss account	22,107	19,685
	--------	--------
Shareholders funds	22,111	19,689
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

T M Wind Energy Limited

Statement of Financial Position (continued)

31 March 2019

These financial statements were approved by the board of directors and authorised for issue on 5 December 2019 , and are signed on behalf of the board by:

Terry Grant
Director

Company registration number: NI624834

T M Wind Energy Limited

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 43 Lockview Road, Belfast, BT9 5FJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% reducing balance

4. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 April 2018 and 31 March 2019	211,929	211,929
	---------	---------
Depreciation
At 1 April 2018	65,034	65,034
Charge for the year	14,690	14,690
	---------	---------
At 31 March 2019	79,724	79,724
	---------	---------
Carrying amount
At 31 March 2019	132,205	132,205
	---------	---------
At 31 March 2018	146,895	146,895
	---------	---------

5. Debtors

	2019	2018
	£	£
Other debtors	199	4,422
	----	-------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Social security and other taxes	374	2,839
Other creditors	222,085	203,453
	---------	---------
	222,459	206,292
	---------	---------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2019	2018
	£	£
Terry Grant	( 200,085)	( 200,446)
	---------	---------

8. Related party transactions

The company was under the control of Mr Terry Grant throughout the current period. Mr Terry Grant is the sole director and shareholder. At the year end the director was owed a balance of £200,085 (2018 - £200,446) from the company.