Abbreviated Company Accounts - SCOTS RENEWABLE ENERGY LIMITED

Abbreviated Company Accounts - SCOTS RENEWABLE ENERGY LIMITED


Registered Number SC389753

SCOTS RENEWABLE ENERGY LIMITED

Abbreviated Accounts

31 December 2014

SCOTS RENEWABLE ENERGY LIMITED Registered Number SC389753

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Current assets
Debtors 850 8,362
Cash at bank and in hand 2,690 18,465
3,540 26,827
Creditors: amounts falling due within one year (6,635) (10,710)
Net current assets (liabilities) (3,095) 16,117
Total assets less current liabilities (3,095) 16,117
Total net assets (liabilities) (3,095) 16,117
Capital and reserves
Called up share capital 2 100 100
Profit and loss account (3,195) 16,017
Shareholders' funds (3,095) 16,117
  • For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 June 2015

And signed on their behalf by:
Kenneth Ross, Director

SCOTS RENEWABLE ENERGY LIMITED Registered Number SC389753

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
50 Ordinary shares of £1 each 50 50
50 B Ordinary shares of £1 each 50 50