Registered Number
:
NI
610471
|
For the year ended 31 December 2020
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2020
Abbeyview Renewables Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Abbeyview Renewables Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
10,706
13,045
2
10,706
13,045
9,320
14,500
3
Trade and other receivables
|
8,476
8,438
4
27,922
Cash and cash equivalents
|
34,754
57,692
45,718
Trade and other payables
:
amounts falling due within one
|
year
|
(39,059)
(49,242)
5
6,659
8,450
Net current assets
Total assets less current liabilities
|
19,156
19,704
19,156
Net assets
19,704
2
2
19,154
19,702
19,156
19,704
Shareholders' funds
For the year ended 31 December 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the
|
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
|
of Section
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating
|
to financial statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 06 July 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2020
Abbeyview Renewables Ltd
Notes to the Financial Statements
Statutory Information
Abbeyview Renewables Ltd is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
|
registration number NI
610471
.
|
53 Abbeyview Road
Crossgar
Co Down
Northern Ireland
BT30 9JD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant & Equipment - 15% reducing balanceMotor Vehicles - 20% reducing balance
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
2 of 4
For the year ended 31 December 2020
Abbeyview Renewables Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
30,680
23,380
7,300
7,300
23,380
30,680
Provision for depreciation and impairment
|
17,635
15,718
1,917
Charge for year
2,339
1,532
807
19,974
17,250
2,724
4,576
6,130
10,706
5,383
7,662
13,045
2019
2020
14,500
9,320
4
.
Trade and other receivables
|
2019
2020
1,300
-
7,138
8,476
8,476
8,438
The debtors above include the following amounts falling due after more than one year
:
|
-
800
3 of 4
For the year ended 31 December 2020
Abbeyview Renewables Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
20,000
-
13,726
20,033
Taxation and social security
|
1,651
762
13,865
18,264
49,242
39,059
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2019 : 1)
4 of 4