Company Registration No. SC430360 (Scotland)
SHIELBOG ENERGY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
SHIELBOG ENERGY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SHIELBOG ENERGY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,800
1,800
Current assets
Debtors
88
87
Cash at bank and in hand
11,975
6,698
12,063
6,785
Creditors: amounts falling due within one year
(4,247)
(3,957)
Net current assets
7,816
2,828
Total assets less current liabilities
9,616
4,628
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
9,614
4,626
Shareholders' funds
9,616
4,628
For the financial year ended 31 August 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 8 May 2017
Mr J M Barron
Director
Company Registration No. SC430360
SHIELBOG ENERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
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
Turnover
Turnover represents amounts receivable from rental income on land for a wind turbine. Turnover is recognised on an accruals basis.
from rental income on land for a wind turbine. Turnover is recognised on an accruals basis.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Not Depreciated
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
1,800
At 31 August 2015
1,800
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2