Registered Number 07037774
VIGOR RENEWABLES LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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Fixed assets | |||
Investments | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Turnover represents amounts receivable for services provided net of any applicable value added tax. Any uninvoiced income is accrued in the period in which it has been generated.
Other accounting policies
The group has not prepared a cash flow statement as it qualifies as a small group under the Companies Act 2006 and as such has taken the exemption conferred under FRS1 Cash Flow Statements and the small companies regime.
Going Concern
The accounts have been prepared on a going concern basis. The director has prepared forecasts and reviewed capital requirements for twelve months from the date of approving these financial statements, which indicate the business can continue to trade for at least twelve months.
Deferred Taxation
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- deferred tax is not recognised on timing differences arising on revalued properties unless the company has entered into a binding sale agreement and is not proposing to take advantage of rollover relief; and
- the recognition of deferred tax assets is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.
Deferred tax balances are not discounted.
Investments - subsidiaries are valued at cost with any provision for impairment
2
Fixed assets Investments
The following entities represent the group's subsidiary companies:
Name Country Percentage Description
shareholding
ordinary
shares
Vigor Solar Limited England 100% Renewable Energy
Vigor Wind Limited England 100% Renewable Energy
The reserves as at 31 October 2015 and the profit for the year ended on that date for the subsidiary undertaking were as follows:
Name Reserves Profit
£ £
Vigor Solar Limited (68,189) 29,634
Vigor Wind Limited (405,822) 111,487