Company Registration No. 06514230 (England and Wales)
ELLERGREEN HYDRO LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ELLERGREEN HYDRO LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
ELLERGREEN HYDRO LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ELLERGREEN HYDRO LTD FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ellergreen Hydro Ltd for the year ended 30 September 2016 set out on pages 2 to 5 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Ellergreen Hydro Ltd, as a body, in accordance with the terms of our engagement letter dated 13 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Ellergreen Hydro Ltd and state those matters that we have agreed to state to the Board of Directors of Ellergreen Hydro Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ellergreen Hydro Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Ellergreen Hydro Ltd 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 Ellergreen Hydro Ltd. You consider that Ellergreen Hydro Ltd 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 Ellergreen Hydro Ltd. 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.
Moore and Smalley LLP
Chartered Accountants
Richard House
9 Winckley Square
Preston
PR1 3HP
9 February 2017
ELLERGREEN HYDRO LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
2016
2015
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,091
7,830
Investments
2
134,853
134,853
139,944
142,683
Current assets
Stocks
-
87,719
Debtors
180,946
60,011
Cash at bank and in hand
49,619
217
230,565
147,947
Creditors: amounts falling due within one year
(75,512)
(57,542)
Net current assets
155,053
90,405
Total assets less current liabilities
294,997
233,088
Provisions for liabilities
(1,018)
-
293,979
233,088
Capital and reserves
Called up share capital
3
3,513
3,513
Share premium account
222,330
222,330
Profit and loss account
68,136
7,245
Shareholders' funds
293,979
233,088
ELLERGREEN HYDRO LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 3 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 February 2017
Mr M A J Cropper
Mr C W N Crewdson
Director
Director
Company Registration No. 06514230
ELLERGREEN HYDRO LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Work in progress is included for costs incurred for development of new Hydro Schemes.
Work in progress is included for costs incurred for development of new Hydro Schemes.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% straight line
Fixtures, fittings & equipment
20% straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
ELLERGREEN HYDRO LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 5 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2015
19,362
134,853
154,215
Additions
542
-
542
At 30 September 2016
19,904
134,853
154,757
Depreciation
At 1 October 2015
11,532
-
11,532
Charge for the year
3,281
-
3,281
At 30 September 2016
14,813
-
14,813
Net book value
At 30 September 2016
5,091
134,853
139,944
At 30 September 2015
7,830
134,853
142,683
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
Logan Gill Hydroelectric Ltd
England and Wales
Ordinary Shares
36.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Logan Gill Hydroelectric Ltd
Construction
845,178
118,492
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
351,300 Ordinary Shares of 1p each
3,513
3,513
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