Delpro Wind Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08952841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Delpro Wind Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J C Rath

REGISTERED OFFICE:

OrbisEnergy

Wilde Street

Lowestoft

Suffolk

NR32 1XH

REGISTERED NUMBER:

08952841 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

CURRENT ASSETS

Debtors

5

236,004

402,033

Cash at bank

12,047

-

248,051

402,033

CREDITORS

Amounts falling due within one year

6

582,663

484,365

NET CURRENT LIABILITIES

(334,612

)

(82,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(334,612

)

(82,332

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(334,712

)

(82,432

)

SHAREHOLDERS' FUNDS

(334,612

)

(82,332

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2020 and were signed by:

Mr J C Rath - Director

1.	STATUTORY INFORMATION

Delpro Wind Ltd is a private company, limited by shares , registered in 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2018 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

620

Disposals

(620

)

At 31 December 2019

-

DEPRECIATION

At 1 January 2019

620

Eliminated on disposal

(620

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

179,923

335,558

Amounts recoverable on contracts

37,839

61,976

Other debtors

18,242

4,499

236,004

402,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

191,440

21,100

Amounts owed to group undertakings

305,773

404,564

Taxation and social security

42,492

36,556

Other creditors

42,958

22,145

582,663

484,365

7.	RELATED PARTY DISCLOSURES

The company's results are consolidated into the accounts of Delpro Holding A/S, a company with a registered office of Bavnevej 50, DK-6580 Vamdrup, Denmark, and into the accounts of Global Wind Service A/S, a company with a registered office of Strevelinsvej 28, DK-7000 Fredericia, Denmark.