Renewable Power Systems (Dargan Road) - Accounts to registrar (filleted) - small 18.2
Renewable Power Systems (Dargan Road) - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019 |
FOR |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED (REGISTERED NUMBER: 06649709) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Northwood House |
138 Bromham Road |
Bedford |
Bedfordshire |
MK40 2QW |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED (REGISTERED NUMBER: 06649709) |
BALANCE SHEET |
31 JULY 2019 |
31.7.19 | 31.7.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Special Distributable Reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED (REGISTERED NUMBER: 06649709) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2019 |
1. | STATUTORY INFORMATION |
Renewable Power Systems (Dargan Road) Limited is a |
England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
This figure also includes a provision for income earned but not invoiced up to 31 July 2019. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets at the year end include two generators and two transformers. Each generator and |
transformer has its own expected useful life. The expected residual values of the generators and transformers is |
taken into consideration before apportioning the depreciation charge in equal instalments over the useful lives of |
the plant. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED (REGISTERED NUMBER: 06649709) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2019 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
4. | INTANGIBLE FIXED ASSETS |
Intellectual Property Rights have been created from the design of the gas generation project and are being |
amortised over the expected useful life of the project of 20 years. |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2018 |
and 31 July 2019 |
DEPRECIATION |
At 1 August 2018 |
Charge for year |
At 31 July 2019 |
NET BOOK VALUE |
At 31 July 2019 |
At 31 July 2018 |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED (REGISTERED NUMBER: 06649709) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2019 |
5. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2018 |
and 31 July 2019 |
DEPRECIATION |
At 1 August 2018 |
Charge for year |
At 31 July 2019 |
NET BOOK VALUE |
At 31 July 2019 |
At 31 July 2018 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Ventus 2 VCT Loan | 112,000 | 112,000 |
Hire purchase contracts |
Trade creditors |
Tax |
VAT | - | 21,461 |
Other creditors |
RENEWABLE POWER SYSTEMS (DARGAN ROAD) |
LIMITED (REGISTERED NUMBER: 06649709) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2019 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Loan Ventus 2 VCT - 2-5 years |
Loan: Ventus 2 VCT | - | 168,000 |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Loan: Ventus 2 VCT | - | 168,000 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.7.19 | 31.7.18 |
£ | £ |
Hire purchase contracts | 21,358 | 82,864 |
Assets acquired under hire purchase contracts are secured against the underlying asset subject to contract. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | ULTIMATE CONTROLLING PARTY |
The company is a joint venture between Renewable Power Systems Limited and Ventus 2 VCT plc. The |
company is owned 50 / 50 between these two entities. Neither entity has a controlling position. |